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Greener House Investments plc (GHIP)

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Friday 26 February, 2010

Greener House Investments plc

Half-yearly report Interim results for the six ...

Greener House Investments plc

Interim results for the six months ended 30 November 2009

Greener House Investments plc (PLUS: GHIP) ("GHI" or the "Company"), a  special
purpose acquisition company established to make an acquisition in the healthcare
industry,  announces its interim results for the six months  ended  30  November
2009.

Six months highlights

  -    Loss for the period £16,785
  -    Company continues to seek reverse take-over candidates


Jonathan  Metliss,  Chairman,  commented: "We  continue  to  evaluate  potential
acquisitions  and investments and remain hopeful that current opportunities  may
result in a suitable transaction for the company."


26 February 2010

Enquiries:

Greener House Investments plc                020 7451 7050
Jonathan Metliss, Chairman

Daniel Stewart & Co Plc
Paul Shackleton/Emma Earl                    020 7776 6550

The directors of Greener House Investments plc take responsibility for this announcement.


Greener House Investments plc

Chairman's Statement

Greener House Investments plc (PLUS: GHIP) ("GHI" or the "Company") presents the
interim results in respect of the six months ended 30 November 2009.

GHI is a special purpose acquisition company established to acquire a company or
business in the healthcare sector.

The  directors are seeking a suitable investment or an acquisition  in  exchange
for  the  issue  of shares of GHI which would result in a reverse  takeover  and
giving to the acquired company a PLUS Markets listing and control of GHI's  cash
resources.

At  the  annual  general meeting of the company held on 11  September  2009  the
shareholders  authorised  the  directors to continue  to  pursue  the  Company's
investment  strategy of acquiring companies, or key stakes in companies,  or  to
acquire businesses or assets, in the healthcare sector.

So  far  the  directors have considered numerous propositions including  medical
devices, clinical services, software, health foods and restaurants and corporate
services. However none has so far met all of the acquisition criteria  nor  been
sufficiently attractive in the opinion of the directors to be acquired.

Discussions continue in respect of a number of proposals and the directors  will
inform  the  shareholders when an opportunity is identified which the  directors
consider  to  be  acceptable. In the meantime we have kept expenses  as  low  as
possible while we continue to seek an attractive take-over candidate which meets
our criteria.

In  the  period ended 30 November 2009 the Company earned no revenues (6  months
ended 30 November 2008: Nil) and the net loss for the period amounted to £16,785
(2008  net loss £10,359). The net assets at 30 November 2009 were £340,931  with
cash and cash equivalents of £345,972. The Company retains its cash resources on
treasury fund deposits pending implementation of an acquisition.

Jonathan Metliss
Chairman

26 February 2010.




Greener House Investments plc

Interim results for the six months ended 30 November 2009

                                                Six months      Six months    Twelve months
                                                     ended           ended            ended
                                              30 November      30 November           31 May
                                                      2009            2008             2009
                                               (Unaudited)     (Unaudited)        (Audited)
                                                         £               £                £
Turnover                                                 -               -                -
Operating expenses                                  17,144          19,520           31,506
                                                    ______          ______           ______
Operating loss                                      17,144        (19,520)         (31,506)
Interest receivable less payable                       359           9,160           10,123
                                                    ______          ______           ______
Loss before tax and retained for the period       (16,785)        (10,359)         (21,383)


Balance Sheet as at 30 November 2009
                                                     As at           As at            As at
                                               30 November     30 November           31 May
                                                      2009            2008             2009
                                               (Unaudited)     (Unaudited)        (Audited)
                                                         £               £                £
ASSETS
Current assets
Cash and cash equivalents                          345,972         377,427          366,649
Prepayments                                          1,178           1,337            4,173
                                                    ______          ______           ______
                                                   347,150         378,764          370,822
Current liabilities
Trade creditors due within 1 year                    6,219          10,024           13,106
                                                    ______          ______           ______
                                                   340,931         368,740          357,716
                                                    ______          ______           ______

EQUITY
Capital and reserves
Share capital (Note 1)                             100,025         100,025          100,025
Share premium (Note 2)                             298,279         298,279          298,279
Profit & loss account                             (57,373)        (29,564)         (40,588)
                                                    ______          ______           ______
Shareholders' funds                                340,931         368,740          357,716


Notes to the accounts:

  (1)  Share capital
       Authorised:     250,000,000 Ordinary shares of 0.1p each        £250,000
       Issued:         100,025,000 Ordinary shares of 0.1p each        £100,025

  (2)  Share premium account
       Premium on share capital                                        £371,475
       Less share issue costs                                           £73,196
                                                                      _________
                                                                       £298,279
                                                                      _________

(3)   The above financial information for the period ended 30 November 2009 has
      not been audited or reviewed by the Company's auditors as the Company has
      not made any investments.                                                                                                                                                                            

a d v e r t i s e m e n t