Greenstone Signs Distribution Agreement

NEW YORK, NY, Jan 15 (MARKET WIRE) --
Greenstone Holdings, Inc. (PINKSHEETS: GSHN) announced today that the Company
signed a three (3) year distribution agreement with En-Viroguard Inc. This
agreement
provides that Greenstone will supply Greenstone's protective chemical product,
GreenShield(TM) to En-Viroguard on a non-exclusive basis for distribution
through
their applicator network covering the area from Florida to Michigan. Applicators
are contractors and builders who are trained and authorized by the Company to
use the product supplied through En-Viroguard Inc.

Mr. Robert Rhyne, En-Viroguard's CEO, said, "Although we have just started
using
it, we already realize GreenShield to be a GREAT product. Our
dealers/applicators are impressed with it and so are their customers. Our
first applicator is focusing on the use of GreenShield on log home protection
but we are now talking to several new potential applicators. We believe we
will quickly expand the applicator network across our territory. Currently, we
are
requiring 50 gallons per month for each authorized applicator which covers 3
average
houses with about $15,000 to $20,000 in their revenue. Even in this slower
construction economy, more than 1.5 million homes are still being built every
year. It's enough for us to get our network across during this time."

About Greenstone Holdings, Inc.

(www.egreenstone.com) Through its operating subsidiaries, Greenstone is in
the business of providing a variety of unique chemical technologies that are
primarily used in the building and construction industry. The Company's first
brand
name product, GreenShield(TM), offers a solution for environmental protection
for wood based building materials and others such as lumber, logs, plywood,
drywall, railroad ties, fencing, and utility poles. It also offers added fire
retardancy to the material it is applied to. The $25 billion water damage market
is one example of many which GreenShield can find a niche in. Greenstone also
distributes Green-Dri(TM), revolutionary biological dry kiln for drying wood,
Permeate(TM), a very unique chemical sealer for metal, concrete, and other
constructionmaterial, and MagneLine(TM), a very strong polymer cement mortar to
reinforce metal and concrete structures such as bridges and highways.

Forward-Looking Statements:

Safe Harbor statement under the Private Securities Litigation Reform Act
of1995: Except for historical information contained herein, the matters
discussed
in this press release are forward-looking statements that involve risks and
uncertainties, including but not limited to economic, competitive, governmental
and
technological factors effecting the Company's operations, markets, products and
prices and other factors discussed in the Company's various filings with the
Securities and Exchange Commission.

CONTACT:
Dominic Martinez
M&M Investor Relations
Toll Free 866-508-2092
Inquiry@egreenstone.com

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