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MIAMI, Feb. 21, 2013 /PRNewswire/ -- Green Innovations Ltd. (OTCQB: GNIN) (OTCBB: GNIN) ("Green Innovations" or the "Company") today commented regarding recent volatility in the market for the Company's shares.
It has come to the Company's attention that there have been negative third-party reports by anonymous sources concerning Green Innovations and its business.
The Company wishes to clarify to shareholders and potential investors that it is in good standing and fully reporting with the United States Securities and Exchange Commission (SEC) and that it stands behind all of its previously issued press releases and corporate filings. Green Innovations and its subsidiaries continue to conduct business as usual and look forward to reporting on its anticipated growth.
Going forward, in order to prevent any confusion regarding the Company's business transactions, Green Innovations will increase its level of reporting transparency beyond that which is required by the SEC. This plan will include additional Form 8-K filings for each of its future contracts, purchase orders, and distribution agreements. The Company is currently drafting a Form 8-K filing which will provide additional disclosure on historical events in order to allay concerns within in the investing public.
The Company would like to remind all interested parties that they should rely only on information provided through official Green Innovations press releases, SEC filings, and their registered investment advisors.
About Green Innovations Ltd.
Green Innovations Ltd., through its wholly-owned subsidiary Green Hygienics, Inc., is the exclusive licensed North American distributor of American Hygienics Corporation's 100% tree-free bamboo-based product line, including personal care and paper-based goods. The Company provides consumers the opportunity to enjoy high-quality and performance eco-friendly goods from dedicated experts that have been producing bamboo products for over a decade, along with the cost-benefit of local raw material manufacturing, and the satisfaction of knowing that by using these products they are doing their part to reduce their carbon footprint and to continue the movement towards a more healthy and sustainable planet.