Capital Raising Time for Green EnviroTech (OTC:GETH)

Dallas, TX 5/16/2011 (PennyPayDay) -- Green EnviroTech Holdings Corp. (OTC:GETH) today announced, in a press release, the engagement of Mosaic Capital LLC to provide investment banking, investor relations and financial advisory services. Mosaic Capital will work with Green EnviroTech to provide independent advice to the management team and board of directors as the Company continues to execute its business plan and explore growth options.

"The aim is for Mosaic Capital to review strategic alternatives and help us enhance shareholder value. We look forward to working with them -- we believe their compelling financial strategies in advising micro cap and emerging growth companies, particularly in the field of alternative energy are the best in the business. In addition Mosaic Capital will advise us on various funding options and initiate an effort to raise the approximate $6 to $15 million in equity financing that will help us move forward with our principal goal of constructing our first recycling plants in California and Wisconsin," said Gary De Laurentiis, CEO of Green EnviroTech Holdings Corp.

Mosaic Capital LLC is a specialty middle market investment bank that provides comprehensive financial advisory services that include private placements, mergers & acquisitions, valuations, and strategic advisory services and has completed over $5 billion in successful transactions with field offices in over 30 countries globally.

"Mosaic Capital is focused on assisting only those companies that are making breakthroughs and poised for explosive growth, so we are very pleased to be working with Green EnviroTech, whom we believe is a technology leader in its arena -- their 'PlastExtract' platform is set to redefine shredder residue and plastic recycling worldwide. We are confident that our ability to collect industry intelligence coupled with our access to a vast network of institutional investors and lenders will help Green EnviroTech achieve their strategic goals," said Garry Michael Kann, Managing Director of Capital Markets for Mosaic Capital.

Green EnviroTech Corp. is a plastics recycling and recovery company which removes contaminants from end of life automotive vehicles and processes them to produce compounded plastic resin and light sweet crude oil as end products.

For more information please visit www.greenenvirotech.com.

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