GreenChoice International, Inc. (0001494722)

WEB NEWS

Monday, September 27, 2010

IPO Activity

GreenChoice plans for Initial Public Offering

Company Snapshot:

Marketer or reseller of log cabin style pre-fabricated single family residences and structural components.

Use Of proceeds:

We intend to use approximately $9.0 million of our net proceeds from this offering for the installation of three production lines (production lines 2, 3 and 4) in the Evergreen Product facility that we are in the process of completing. We expect production line 2 to be installed and begin operating on a large scale by February 2011. We plan to begin installing production lines 3 and 4 in fiscal year 2011 and to utilize these production lines for production of Evergreen Products beginning in November 2011 and April 2012, respectively. We intend to use the remaining net proceeds from this offering for working capital and other general corporate purposes.

Underwriter:

Proposed offering price: $0.01

Post IPO Share Calculation:

  •   1,500,000: Pre IPO fully diluted share count 
  • 10,000,000: Newly issued shares

GeoTeam® best effort calculation of total post IPO share count: 11,500,000

Financial Snapshot: Losing money/No revenues.



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