Company takes the lead in “environmentally neutral” mining technologies
SCOTTSDALE, Arizona, December 17, 2009—(BUSINESS WIRE): Green Planet Group, Inc. (OTCBB: “GNPG”) announced today that it has established a new wholly-owned subsidiary that will immediately begin implementing the breakthrough technologies the Company and its strategic partners have developed to minimize and remediate the environmental impact of precious metals mining.
The new subsidiary -- Green Mining Technologies, Inc. (“GMT”) -- will utilize patented technologies and processes developed by a Green Planet Group-led consortium of four leading research and development companies focused on improving the quality of our planet’s soil, water, and air. These technologies will be utilized by GMT to reduce the environmental impact of ore extraction, processing and transportation, while restoring the land and the environment in and around mining sites.
Green Planet Group and its Research and Development arm, White Sands, LLC, will support the green mining process with the use of their EPA Registered and Texas Certified fuel additive and engine treatments, XenTx™ and XenTx™ CB/LE. These products will be utilized to minimize carbon and other harmful fuel emissions typically released from the bulldozer and heavy equipment engines that support various mining procedures.
GMT’s consortium partners have amassed over 90 years of rigorous research and development experience, which will allow the team to effectively demonstrate, build and support socially responsible mining operations, just as the price of precious metals is rapidly rising.
The impact of this initiative will be the major topic of the Company’s conference call scheduled for 4:00 PM (EST) today.
Green Planet Group, Inc. (OTCBB:GNPG) is based in Scottsdale, Arizona and engages in ongoing research and development to create products and services that enhance our environment. The Company's revenues are currently derived from the production and distribution of fuel-based energy conservation and clean-air products, as well as through the placement of members of the growing ranks of the unemployed into meaningful “green collar” careers. For additional information, please click here.
SAFE HARBOR: Certain information included herein may contain statements that are forward looking, such as statements relating to plans for future expansion and other business development activities. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results.
Media Contact: David Langness
MWW Group
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