January 20, 2010 (Business Wire) - Green Planet Group, Inc. (OTCBB:GNPG) announced today that its revenues for the fiscal third quarter ended December 31, 2009 increased to $15,618,000, compared to $675,000 during the comparable quarter in the prior year. Total revenues for the first 9 months were $48.55 million versus $3.04 million for comparable period last year.
The company’s recent strong revenue growth comes primarily from its successful “green-collar” acquisitions strategy in the industrial and commercial staffing sector. Green Planet Group has acquired one major staffing company in the past eleven months; and has at least three more similar candidates in its acquisitions pipeline.
“Green Planet Group’s revenue growth has accelerated through the third fiscal quarter,” said Edmond L. Lonergan, President/CEO of Green Planet Group, “which continues to positively impact all areas of the company. We believe that this trend will not only continue but actually increase during the fourth fiscal quarter. Even with the current economic conditions, we expect our strategy to keep driving positive revenue growth through 2010.”
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: Forward-Looking Statements
Statements in this press release that are not historical in nature are forward-looking statements that involve known and unknown risks and uncertainties. Words such as "may," "will," "expect," "intend," "plan," "believe," "seek," "could," "estimate," "judgment," "targeting," "should," "anticipate," "goal" and variations of these words and similar expressions, are intended to identify forward-looking statements. These forward-looking statements reflect the Company's current views with respect to future events and financial performance and are subject to certain risks and uncertainties. Actual results could differ materially from those implied by such forward-looking statements. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be attained. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
