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GreenHunter Energy, Inc. (NYSE MKT: GRH), a diversified renewable energy company predominately focused on water resource management in the unconventional oil and gas shale resource plays, announced today that the NYSE MKT has extended GreenHunter’s deadline to regain compliance with the exchange’s listing criteria until August 14, 2012. Though the Company may not currently be in compliance with Section 1003 (a) (iv) of the Exchange’s Company Guide, the Exchange has agreed to extend the deadline from June 30, 2012 until August 14, 2012.
The Company is required to continue and provide the Exchange Staff with updates in conjunction with its initiatives to meet with compliance of the NYSE MKT Exchange listing criteria.
About GreenHunter Water, LLC (a wholly owned subsidiary or GreenHunter Energy, Inc.)
GreenHunter Water, LLC provides
Total Water Management Solutions™ in the oilfield. An understanding that there is no single solution to E&P fluids management shapes GreenHunter’s technology-agnostic approach to services. In addition to licensing of and joint ventures with manufacturers of mobile water treatment systems (
Frac-CycleTM), GreenHunter Water is expanding capacity of salt water disposal facilities, next-generation modular above-ground storage tanks (
MAG Tank™), advanced hauling and fresh water logistics services—including 21st Century tracking technologies (
RAMCATTM) that allow Shale producers to optimize the efficiency of their water resource management and planning while complying with emerging regulations and reducing cost.
Additional information about GreenHunter Water may be found at
www.GreenHunterWater.com.Forward-Looking StatementsAny statements in this press release about future expectations and prospects for GreenHunter Energy and its business and other statements containing the words "believes," "anticipates," "plans," "expects," "will" and similar expressions constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the substantial capital expenditures required to fund its operations, the ability of the Company to implement its business plan, government regulation and competition. GreenHunter Energy undertakes no obligation to update these forward-looking statements in the future.