Green Innovations Receives Vendor Number from Target Brands
MIAMI, March 12, 2013 /PRNewswire/ -- Green Innovations Ltd. (OTCQB: GNIN) (OTCBB: GNIN) ("Green Innovations" or the "Company") is pleased to announce that its wholly-owned subsidiary, Green Hygienics, Inc. ("Green Hygienics"), has received a vendor listing number from Target Brands, Inc., operating subsidiary of Target Corporation, the second-largest discount retailer in the United States, behind only Walmart.
"Receiving a vendor number from a retailer with the buying power and distribution capabilities of Target opens the door to a number of possibilities for our growing catalog of products, especially in light of Target's focus on private label and exclusive licensed branded products," stated Bruce Harmon CEO of Green Innovations. "We feel that we could offer Target customers numerous well-priced high-quality 100% bamboo and traditional sourced paper products and plan to continue to work with closely with Target corporate buyers to develop the best possible product configurations."
Founded in 1902 and headquartered in Minneapolis, Minnesota, Target Corporation currently operates 1,778 stores across the United States and at Target.com offering a wide-range of merchandise products under private-label and exclusive licensed brands, including pharmacy, beauty, personal care, baby care, cleaning, paper products, music, movies, books, computer software, sporting goods, toys, electronics, video games, apparel and accessories, jewelry, and shoes. Target also provides food and pet supplies, including dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, produce, and pet supplies; and home furnishings and decor, such as furniture, lighting, kitchenware, small appliances, home decor, bed and bath, home improvement, and automotive products, as well as seasonal merchandise, which include patio furniture and holiday decor. In 2012, Target generated $72 billion in revenue, employs over 365,000 workers, and is currently ranked at #38 on the Fortune 500. The Company plans to open its first stores in Canada in 2013.
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.
For further information regarding Green Innovations Ltd., contact:
Green Innovations Investor Relations
(866) 947-5567 (Toll-free)
E-mail: [email protected]
Website: www.greeninnovationsltd.com
Disclaimer
This press release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, and specifically references to future potential purchase orders from Whole Foods Markets. The reader can identify these forward-looking statements by forward-looking words such as "may," "will," "expect," "potential," "anticipate," "forecast," "believe," "estimate," "project," "plan," "continue" or similar words. The reader should read statements that contain these words carefully because they discuss future expectations, contain projections of future results of operations or of financial condition, or state other forward-looking information. Forward-looking statements include, but are not limited to, statements regarding potential products, customers, revenues, expansion efforts, and future plans and objectives of Green Innovations Ltd. ("Green Innovations"). The risk factors listed in our disclosure documents and the cautionary language on this website provide examples of risks, uncertainties and events that may cause actual results to differ materially from the expectations and projections described by Green Innovations in its forward-looking statements. Actual results relating to, among other things, product launch, sales, customer acceptance and market share could differ materially from those currently anticipated in such statements. Factors affecting forward-looking statements include: consumer preferences, competition from more established brands, ability to develop market share; changes in the operating costs; changes in economic conditions, foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities that Green Innovations develops or produces; changes in the investments levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Green Innovations operates; technological, mechanical and operational difficulties encountered in connection with Green Innovations' development activities; and labor relation matters and costs. The reader should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Green Innovations from time to time with the Securities and Exchange Commission and other regulatory authorities.
SOURCE Green Innovations Ltd.
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