GreenHouse Announces Reverse Merger With Custom Q, Inc.
GreenHouse Announces Reverse Merger With Custom Q, Inc.
SAN DIEGO, CA (January 8, 2010) - GreenHouse Holdings, Inc., an innovative green solutions provider (“GreenHouse” or the “Company”), today announced that it has gone public via a reverse merger with Custom Q, Inc. (CTMQ.OB).
On January 7, 2010, GreenHouse acquired Custom Q, Inc., in accordance with an Agreement and Plan of Share Exchange (the “Exchange”), whereby GreenHouse exchanged all of its issued and outstanding capital stock in exchange for 19,800,000 shares of common stock, upon giving effect to a five for one forward split, of which the company is in the process of applying. Simultaneously with the closing of the share exchange, the company completed a first closing of a private placement financing for gross proceeds of $475,000 with accredited investors. Upon effectiveness of the five for one forward split as well as the cancellation of 4,000,000 shares held by the former majority shareholder of Custom Q, Inc., there will be a total of 21,316,667 shares outstanding.
Also in connection with the share exchange, Custom Q changed its name to GreenHouse Holdings, Inc. The Company intends to apply for a change of its stock symbol on the Over the Counter Bulletin Board to reflect this amendment.
In connection with the acquisition, the company appointed John Galt as Chairman of the Board of Directors. The company also appointed Chris Ursitti as Chief Executive Officer and a director and
Russ Earnshaw as President and a director, and Justin Farry as Chief Financial Officer. Sean Entin was appointed as the Chief Marketing Officer of the company as well as a director.
“We are delighted to complete this transaction and become a public company,” said Chris Ursitti, GreenHouse CEO. “The going public transaction provides a strong financial foundation with enhanced access to capital and will further GreenHouse’s strategy of taking a leadership position in green solutions, including large-scale ethanol production and green building services.”
Forward- Looking Statements
Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by GreenHouse Holdings, Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.
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About GreenHouse
GreenHouse is a green solutions provider that provides energy efficiency services and products to residential and industrial customers including the revolutionary at-home E-Fuel Microfueler™. GreenHouse also offers consumers effective energy efficiency products that are environmentally friendly and benefit homeowners financially by lowering energy bills and reducing maintenance expenses.

