RIVERBANK, CA -- (Marketwire) -- 11/16/12 -- Green EnviroTech Holdings Corp.'s (OTCQB: GETH) CEO announced today that the Company's debt to Asher Enterprises has been satisfied.

CEO Gary De Laurentiis stated, "We are very pleased to have been able to get this debt satisfied, and we do appreciate Asher Enterprises and their financial assistance with working capital during 2011."

De Laurentiis added, "Our final step to building our first plant is to complete the due diligence for funds that are interested in GETH's technology. We believe that this process is nearing the end and expect positive results in the near future. We continue to progress with the site selection, obtaining permits, and selecting various contractors to make necessary tenant improvements and installation of the equipment."

The Company further reports that GETH is now fully current with its US SEC filings and that its 3rd quarter ending September 30, 2012 was filed well in advance of the US SEC deadline. The financials are available to view on the Yahoo Finance website, as well as the US SEC website, www.sec.gov.

Yahoo Finance Site: http://finance.yahoo.com/q/is?s=geth

US SEC Site: http://www.sec.gov/cgi-bin/browse-edgar?company=green+envirotech+holdings&match=&CIK=geth.ob&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany

For further information about the Company, visit www.greenenvirotech.com and/or email info@greenenvirotech.com and/or call 209-881-3523.

Safe Harbor Statement:

GETH cautions that statements made in press releases constitute forward-looking statements, and makes no guarantees of future performances and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time statements are made.

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