GreenHouse Holdings, Inc. (GRHU.OB) to Acquire LifeProtection Inc.
GreenHouse Holdings Inc. is a developer of sustainable and eco-friendly energy solutions and infrastructure that can be rapidly deployed. The company announced today the signing of a definitive agreement to purchase Life Protection Inc. in exchange for company shares. Life Protection provides innovative training, support, design and construction of facilities and services to meet the needs of the US government, military and law enforcement agencies. The acquisition is expected to be accretive to GreenHouse Holding's 2010 earnings and will provide the company with an estimated revenue contribution in excess of $2 million for 2010. Life Protection is currently generating gross…