SCOTTSDALE, Ariz., March 8, 2010 (GLOBE NEWSWIRE) -- Green Planet Group, Inc. (OTCBB:GNPG) announced today that its wholly owned staffing subsidiary Lumea has successfully acquired two staffing companies, Industrial Staffing Concepts Corporation and Provincia Staffing, as it continues to implement its staffing industry roll-up.
Staffing Concepts Corporation, located in Florida, is a light industrial staffing company which will be integrated directly into Lumea's current operations. Provincia Staffing of Phoenix, Arizona, is both a light industrial Staffing and professional staffing company, which has a strong reputation in the information technology sector. Provincia will become a wholly owned subsidiary of Lumea.
The assets of both companies were acquired for cash payments, Promissory Notes and restricted common stock for a combined value of $315,000. The two acquisitions will immediately increase Green Planet Group's consolidated annual revenues by approximately $5 million and will be accretive to earnings.
Both Provincia and Industrial Staffing Concepts have relationships with several industrial/commercial clients, which are now potential customers of the Company's green, energy conservation and emissions reducing products. In addition, Provincia provides Green Planet with enhanced IT capabilities, which will enable Green Planet Group to both improve its implementation and reduce costs of expanding its web presence. This will include completing both a new e-commerce sales website and Facebook sites (Green Planet Group & Gnpg Green). For additional information about Provincia Staffing, please visit www.provinciastaffing.com.
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
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.
CONTACT: MWW Group, Los Angeles
Media Contact:
David Langness
213-486-6560, ext. 309
Cell: 310-702-1919
dlangness@mww.com
February 23, 2010--SCOTTSDALE, AZ-- Green Planet Group, Inc. (OTCBB:GNPG), announced today results for the fiscal 2010 third quarter ending December 31, 2009. The results are detailed in the company’s quarterly report on Form 10-Q filed today with the Securities & Exchange Commission.
Highlights for the Quarter include:
• Third quarter revenues increased to $15.7 million compared to $0.7 million the same quarter last year.
• Fiscal year-to-date, revenues increased to $48,825,923 as compared to $3,040,728 reported for the same period last year.
• Third quarter gross profit increased to $2.1 million, or 13.1% of revenues, compared to $0.3 million, or 45.4% of revenues, reported during the same period last year.
• Cash balance increased to $533,898, up from $69,560 reported as of December 31, 2008.
• Cash provided from operating activities for the first nine months of fiscal 2010 increased to $904,000, a significant improvement from cash used by operating activities of $(1,073,611) in the same period last year.
“We are pleased to report that our cash flow from operations increased significantly during this past quarter,” said Edmond Lonergan, Green Planet Group CEO. “We continue to execute our growth strategy which includes acquisitions, expanding our sales of emission reducing/fuel efficiency products and implementing our Green Mining Technologies”.
For the full 10-Q Filing please visit: http://www.sec.gov/Archives/edgar/data/1372533/000107654210000045/p0237.htm
About Green Planet Group
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.
Contact:
MWW Group
David Langness, 213-486-6560, x309 office
310-702-1919 cell
dlangness@mww.com
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Green Planet Group, Inc. (OTCBB:GNPG - News) announced today that on February 22, 2009 , Green Planet Group, Inc. filed an amended annual report on Form 10-K/A and amended quarterly reports on Forms 10-Q/A for the periods ended June 30, 2009 and September 30, 2009 as a result of its reevaluation of the application of generally accepted accounting principles to derivatives and embedded derivatives for the periods from September 30, 2006 through September 30, 2009. For the periods from September 30, 2007 through March 31, 2009 the restatements are included in the Form 10-K/A, and the restatements for the periods ended June 30, 2009 and September 30, 2009 are included in the respective filings for those periods.
The cumulative effect of these restatements was to reduce the cumulative loss for the three years ended September 30, 2009 by $9,306,489, reduce the accumulated deficit by the same amount and reduce additional paid in capital by $13,587,584. As a result, the effect of the restatements at September 30, 2009 was that the additional paid-in capital was $15,486,383 and the accumulated deficit was $26,246,315 and total stockholders’ equity/(deficit) was $(10,628,444).
Liabilities were changed by an increase of $2,527, 050 to the convertible notes representing the embedded derivative value of the conversion feature and a net increase over the periods of $888,667 for fair value of the derivative, comprised of warrants and options to acquire 20,725,000 shares of the Company’s common stock at an average exercise price of $1.95 per share, and ranging from $0.04 to $2.50 per share.
“We are very pleased to have completed this technical restatement and to have filed our amended annual report on Form 10-K/A, and amended quarterly reports on Forms 10-Q/A for the periods ended June 30, 2009 and September 30, 2009,” commented James Marshall, Chief Financial Officer of Green Planet Group. “These changes to our financial statements have no impact on revenues, income/(loss) from operations or cash flow. Green Planet Group is committed to maintaining the highest possible standards in financial reporting and is taking the necessary steps to ensure that all accounting policies and procedures are applied properly in the future.”
On August 7, 2009, the Company filed a current report on Form 8-K Item 4.02 Non-Reliance on Previously Issued Financial Statements. The above referenced Form 10-K/A and Forms 10-Q/a filings supersede the August, 2009 status.
For specific information and details of these restatements you are encouraged to read the applicable filings with the SEC that can be found at http://www.sec.gov/edgar/searchedgar/companysearch.html and enter the company name and select the applicable filing.
Green Planet Group, Inc. (OTCBB:GNPG - News) 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, Los Angeles
213-486-6569, ext. 309 office
310-702-1919 cell
dlangness@mww.com
SCOTTSDALE, Arizona, 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.
Media Contact:
David Langness
MWW Group, Los Angeles
213-486-6569, ext. 309 office
310-702-1919 cell
dlangness@mww.com
SCOTTSDALE, AZ — January 5, 2010 -- Green Planet Group, Inc. (OTCBB: “GNPG”) announced today that its wholly-owned subsidiary, Green Mining Technologies, Inc. (GMT) has signed an agreement with Earth Explorations, LLC, to acquire its first gold mine.
GMT’s investment to acquire the mining property and own 50% of the mine’s ongoing net profit is $800,000 cash to be paid from initial operating profits within the first twelve months, 4.4 million shares of restricted common stock, and 50% of the ongoing royalty income and revenues generated by Green Mining Technologies. The agreement is scheduled to close on January 31, 2010.
Located in Northwestern Arizona, this mine has estimated reserves of 1.44 million ounces of gold and 1.73 million ounces of silver, as reported in an independent third-party analysis conducted in August of 2009 by W M Engineering. Based on current precious metal values, the mine’s total reserves have been valued at $1.59 billion.
Mining operations are expected to begin within 90 days from closing. Initial monthly revenue projections are $272,000, increasing to $510,000 over the first 6 months. After processing all of the existing surface material, underground operations are projected to begin yielding monthly revenues of approximately $10 million.
Green Mining Technologies, Inc.
With the formation of Green Mining Technologies, Green Planet Group has brought together a consortium of four leading research and development companies that have numerous patents on improving the planet’s soil, water and air, with the express purpose of significantly reducing or eliminating the negative environmental impact of past mining practices. As exclusive suppliers of their technologies for precious metal mining, all four companies in the consortium will be utilized by GMT to diminish the environmental impact of ore extraction, processing and transportation, while restoring the land and the environment in and around mining sites.
GMT has also signed a long-term agreement with Earth Explorations, LLC (the original mine investor) for the final development, implementation and licensing of GMT’s green mining technologies. Earth Explorations and GMT will equally own all technologies developed and any revenues and profits they may generate.
Earth Explorations intends to utilize GMT’s patented systems to mine the gold on their other 11 mining properties. GMT’s long-term goal is to license this green technology to other gold mining companies and receive royalty payments as a percentage of the gold produced. The Company expects that the more stringent recent environmental regulations being implemented regarding mining in particular and the environment in general will greatly spur both industry and public awareness of GMT’s breakthrough technologies, thereby creating significant new revenue and income opportunities for GMT.
About Green Planet Group
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.
About Green Mining Technologies, Inc.
Green Planet Group’s wholly–owned subsidiary, Green Mining Technologies, Inc. (GMT), was formed to demonstrate that precious metals can be mined in an environmentally-responsible manner, while still generating substantial profits. Green Mining Technologies has assembled a consortium of green technology pioneers, including:
Green Planet Group and its research and development arm, White Sands, LLC will further enhance the green mining process by supplying 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, power generating and heavy equipment engines supporting the various mining procedures.
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
213-486-6560, x309 office
310-702-1919 cell
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
213-486-6560, x309 office
310-702-1919 cell
dlangness@mww.com
SCOTTSDALE, Ariz., Dec 14, 2009 (BUSINESS WIRE) -- Green Planet Group, Inc. (GNPG) announced today that Edmond L. Lonergan, President/CEO, and Pat Choate, Director of Public Policy, have scheduled a conference call for all investors, shareholders and any other interested parties so that they can update the callers as to the current status and pending growth strategies of Green Planet Group.
This 60-minute call is scheduled to begin at 4:00 p.m. (EST) on Thursday, December 17, 2009.
To participate, please call 712-432-0075, then key in the participant access code 466825#.
The Company will read a prepared opening statement and then begin the question-and-answer session. In order to have the Company's President/CEO answer a specific question, please e-mail your question no later than noon (EST) Thursday, December 17, 2009, to info@greenplanetgroup.com. The questions will be answered in the order they were received.
About Green Planet Group, Inc.
Green Planet Group, Inc. (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
PR Contact
MWW Group, Los Angeles David Langness, 213-486-6569, ext. 309 Cell: 310-702-1919 dlangness@mww.com
Big Sky Lending is an innovator in providing services to employees without traditional banking relationships. This rapidly expanding category represents the fastest growing demand for financial services such as short-term advances, money transfer, electronic bill pay, and prepaid debit cards.
Future financial services include discount calling cards, prepaid cellular phones, federal and state tax preparation, and car loans. All of these financial services will be provided at significantly lower cost than is currently available to these employees.
“Providing cost-effective financial services to our staffing employees will likely increase their loyalty and extend their longevity, thereby reducing Lumea’s recruiting, screening and training costs,” stated Edmond L. Lonergan, President/CEO of Green Planet Group. “In addition, offering services that follow the employee even if they leave our Company, Big Sky will continue to generate ongoing transaction fees,” concluded Lonergan.
The impact of this innovative program will be an improvement in the overall profitability of the Company by generating additional revenues and income from the financial services provided by Big Sky. Green Planet Group projects that the impact on overall profitability will be substantial.
About the Company
Green Planet Group, Inc. 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.
Public Relations Contact
RMF Associates
954.306.8831
jennifer@rmfsays.com
Nov. 24, 2009 (Business Wire) -- Green Planet Group, Inc. (OTCBB:GNPG), announced today results for the FY2010 Q2 ending September 30, 2009. All results are detailed in a Form 10-Q filing with the Securities & Exchange Commission.
Highlights for the Quarter include:
“Green Planet Group’s second quarter marked a continuation of the significant improvement we are experiencing in our Company’s overall performance,” stated Ed Lonergan, CEO. “We are excited to be exploring several new green opportunities and major acquisitions, and look forward to continued vibrant growth in our Company's core products. I am confident that the dramatic increases we are already experiencing in Green Planet Group’s revenues combined with the exciting prospects that lie ahead will quickly lead our Company to sustainable long term profitability,” Lonergan concluded.
For all financial details and the full 10-Q financial please visit: http://www.sec.gov/Archives/edgar/data/1372533/000107654209000161/p1108.htm
About Green Planet Group
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.
Public Relations Contact:
RMF Associates
Jennifer Lundgren
jennifer@rmfsays.com
p: 954.306.8831
###
SCOTTSDALE, Arizona, November 2, 2009— Green Planet Group, Inc. (OTCBB:GNPG) announced today that former Vice Presidential candidate Pat Choate has been appointed the Company’s Director of Public Policy. Mr. Choate will immediately begin leading the Company’s new initiatives to introduce its breakthrough diesel fuel additive, XenTx™, at the city, state and federal levels.
Mr. Choate holds a Ph.D. in economics from the University of Oklahoma and is the author of several best selling books including the newly released, critically acclaimed “Saving Capitalism”. During the decade of the 1980s, Choate was Vice President of Public Policy for TRW Inc. a multinational high-tech conglomerate. Since making his debut on the national political stage as Vice Presidential running mate to Ross Perot in 1996, Choate has maintained an active national presence as an expert on intellectual property issues as well as a think tank strategist and political analyst He has been a longtime Board Member of Green Planet Group and recently agreed to become the Company spokesperson as well.
Edmond L. Lonergan, President and CEO of Green Planet Group stated, “The respect and admiration Pat Choate continues to command from both sides of the political isle is sure to serve our Company well. Given Pat’s battle tested media savvy, we believe our Company could not have found a better spokesperson to aggressively expand our XenTx™ product line into the burgeoning green contracting market.” concluded Lonergan.
“I am excited to begin representing Green Planet Group as the Company expands its reach in the marketplace,” said Dr. Choate. “Green Planet Group has invested a great amount of money and time in the research and development of XenTx™ and it’s my job to turn the success in the laboratory into success in the exploding green arena.”
About XenTx™
XenTx™ Diesel Fuel Treatment has been validated to surpass the strict emissions standards of Texas and California. The product is one of only four EPA Registered diesel additives to have been given such approval. Third party bench and field testing has confirmed that the use of XenTx™ additives and lubricants yield fuel savings of over 5% while greatly reducing harmful diesel fuel emissions.
About Green Planet Group
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.
Public Relations Contact:
RMF Associates
Jules Feiler
jules@rmfsays.com
p: 917.573.0562
###
Green Planet Group Announces Initial Purchase Order from L&M Bus Company
SCOTTSDALE, Ariz., Oct 28, 2009 (BUSINESS WIRE) - Green Planet Group, Inc. (GNPG), an emerging leader in environmentally safe products and services, announced today that Long Island based L&M Bus Company has completed its successful trial of XenTx(TM) Extreme Diesel Treatment and will begin treating all diesel fuel for its school bus fleet with XenTx(TM). L&M's initial purchase order is expected to be followed by several additional orders from bus companies throughout New York currently testing GNPG's breakthrough fuel additive.
Edmond Lonergan, President and CEO of Green Planet Group, stated, "99% of our nation's 600,000 school buses run on diesel fuel, which places millions of children at risk each day from the hazardous health effects of diesel emissions. These emissions have been directly linked to such serious health problems as asthma, bronchitis, pneumonia, retarded lung development, increased emergency room visits for respiratory illness, as well as cancer. XenTx(TM) is one of only four diesel additives to surpass the strict emissions standards of Texas and California and is EPA Registered."
Lonergan continued, "In an era with cleaner and less toxic alternatives, most municipalities have failed to act to protect our children from exposure to these dangerous pollutants on their trips to and from school. I commend L&M Bus for taking the initiative to reduce these emissions and keep the children safe while riding on their buses."
Some of the other New York Metropolitan Transit School Bus companies testing the XenTx fuel additive include Pride Transportation Services, Inc and WE Transport, Inc. For additional information on this critical health issue, please see "Diesel Exhaust and Air Pollution," American Lung Association, April 2000 and April 2004.
About the Company
Green Planet Group, Inc. (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 visit.
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.
October 22, 2009 (Business Wire) -- Green Planet Group, Inc. (OTCBB:GNPG) today announced that its second quarter revenues increased to $16,230,000 which is just over a 30 fold increase from the same period last year. Revenues for the first 6 months were $32.93 million versus $2.37 million from last year.
Edmond L. Lonergan, President/CEO of Green Planet Group stated, “The exponential growth in our revenues has greatly strengthened all areas of our balance sheet as well as our cash flow and P&L performance. We believe that the continuation of this powerful trend will soon lead to sustainable profitability and the steady advancement of our products and Company in the exploding green marketplace.”
Green Planet Group, Inc. (OTCBB: GNPG) is an emerging leader in environmentally safe products and services based in Scottsdale, Arizona. The Company engages in ongoing research and development to create products and services that enhance our environment. 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.
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.
Investor Relations Contact
Patrick Nelson, VP
Green Planet Group
480-222-62220AAAA
pnelson@greenplanetgroup.com
SCOTTSDALE, Arizona, August 7, 2009—(BUSINESS WIRE): Green Planet Group, Inc. (OTCBB:GNPG), an emerging leader in environmentally safe products and services, today announced that on August 6, 2009, the board of directors (the “Board”) of Green Planet Group, Inc. (the “Company”) concluded that the Company’s previously filed consolidated financial statements for the fiscal year ending March 31, 2007, 2008 and 2009 on Form 10-K and the quarterly statements from September 30, 2006 (the first required filing date) through December 31, 2008 on Form 10-Q should no longer be relied upon. The Board with the recommendation of management came to this conclusion based on comments received by the Accounting Staff of Corporate Finance of the Securities and Exchange Commission (the “SEC”) in its review of the Company’s financial statements for the year ending March 31, 2008 and the interim filings through December 31, 2008.
Mr. Edmond Lonergan, President/CEO of GNPG states “our philosophy has been to report all of GNPG financial data very conservatively and comply with all generally accepted accounting principals. After discussions with the SEC based on their review of our filings and their interpretation of the accounting literature and discussions with our independent auditors we will restate our financial results for each period reflecting significant variation each period as stock price, volatility and interest rates fluctuate on these non-cash items.” Lonergan continues, “for the fiscal year just ended, the restated financials in our 10K will show that our Net Loss improved by $1,151,045 (a 30% improvement) and is now $2,672,370.”
The requirement to restate GNPG’s financials is based upon complex accounting standards relating to derivatives, embedded derivatives, convertible instruments and their evaluation.
This restatement impacts the Company’s financials from a historical perspective including the 10K Filing just completed for additional information. See the detailed 8K filing at www.sec.gov.
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 visit www.greenplanetgroup.com.
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.
Public Relations Contact
Green Planet Group, Inc.
Patrick Nelson, V.P. IR/PR, 480-222-6222
pnelson@greenplanetgroup.com
SCOTTSDALE, Arizona, July 16, 2009- SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Green Planet Group, Inc. (OTCBB:GNPG), an emerging leader in environmentally safe products and services, today announced results for the year ending March 31, 2009 which are detailed in a Form 10-K filing with the Securities & Exchange Commission – www.sec.gov.
Highlights of the Year Include:
The Company acquired the assets of Easy Staffing Solutions, Inc. in March 2009. “We enter the new fiscal year poised for prosperity,” stated Edmond L. Lonergan, CEO. “Green Planet Group has built a foundation for significant growth and now has the ability to capitalize on the many opportunities that lie before us. The acquisition of the assets of Easy Staffing Solutions has exponentially increased our asset and revenue base and should more than compensate for the temporary increases in overhead expenses over the long term.”
“The staffing acquisition also provides synergistic opportunities for Green Planet to grow market share for its products that reduce emissions and increase fuel efficiency. In fact, as a direct result of this acquisition, we are presently selling our green fuel additives to Fortune 1000 Companies that are Lumea clients across America,” Lonergan concluded.
For the full 10-K financial please visit: http://www.sec.gov/cgi-bin/browse-idea?action=getcompany&CIK=0001372533&owner=exclude&count=40
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.
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.
Public Relations Contact
RMF Associates
Cynthia DeMonte, 917-263-1717
or
Green Planet Group, Inc.
Patrick Nelson, V.P. IR/PR, 480-222-6222
pnelson@greenplanetgroup.com
EMTA Holdings, Inc. Announces Name Change and New Marketing Initiatives
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--EMTA Holdings, Inc, a company devoted to creating products and services for the emerging green economy, announced today the change of its corporate name to Green Planet Group, Inc. (OTCBB: GNPG) The Company also announced the launch of its new website, greenplanetgroup.com, to kick off its aggressive national marketing campaign.
The new website marks a key milestone in the Company’s strategic branding efforts for major market awareness and distribution. To further power its move into the mass market, GNPG has made a substantial national media buy for its XenTx™ fuel additive commercials slated to air later this year.
"I am proud to introduce our new marketing programs beginning with the launch of our informative and innovative website,” stated Ed Lonergan, Green Planet Group’s CEO. “This site functions as the foundation of our new marketing and promotional efforts that also include the highly anticipated television debut of our revolutionary XenTx™ products. It is extremely exciting for us to let the world know that XenTx™ is one of only four fuel additives to be EPA Registered and validated to surpass the strict emissions standards of Texas and California."
Green Planet Group 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 sale of fuel-based energy conservation and clean-air products, and through the placement of the unemployed into meaningful “green collar” careers.
GNPG’s four wholly-owned subsidiaries had combined revenues totaling $102 million for 2008. The Company is currently projecting sales to exceed $150 million for FY2009. GNPG’s assets also include a five-acre production facility in Durant, Oklahoma.
For additional Company information, visit www.greenplanetgroup.com and to see a sneak preview of XenTx™ television commercials click www.greenplanetgroup.com/our_companies/xentx/moreinfo.
SAFE HARBOR: Certain information included herein may contain stCertain 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.
Contact:
Emerson Gerard Associates
Jerry Jennings, 561-881-7318
jerry@emersongerard.com
The City of Las Vegas, a Clean Cities Coalition Member, reported an 18% decrease in Nitrous Oxide (NOx) emissions through its use of XenTx™ Diesel Fuel Treatment with CleanBoost Technology in all of its approximately 1,500 city-operated diesel-powered vehicles. The city reported that using the product also increased fuel efficiency throughout their vehicles and improved air quality. XenTx™ CleanBoost-LE has received its mark of registration from the Environmental Protection Agency, one of only four diesel fuel additives to do so while surpassing the strict emissions standards of Texas and California.
Las Vegas—in collaboration with its diesel fuel supplier, Haycock Petroleum Company—pre-treats all diesel fuel with XenTx™ Diesel Fuel Treatment prior to delivery to the city’s central fueling facilities. Dan Hyde, Fleet Manager for the City of Las Vegas, stated, “NOx emissions were reduced 18 percent after using the XenTx™ Diesel Fuel Treatment in all of our biodiesel-powered vehicles. It also increased fuel efficiency by 3% according to certified testing at independent labs using the industry standard J-1321 Joint TMC/SAE Test Procedure.” Mr. Hyde continued, “Simply adding XenTx™ Diesel Fuel Treament to our fuel supply is an easy and cost-effective means of reducing emissions, improving fuel efficiency and cleaning the air in our community.”
Thanks to Green Planet Group’s XenTx™ products, cities around the country are able to switch to alternative fuels like biodiesel—something many were previously unable to do. “We are happy to work with Clean Cities Coordinators around the country. There are many fleets around the country that would like to switch to biodiesel, but are concerned about the increased NOx emissions,” said Green Planet Group’s VP of Sales, Charles Yerkes. “Our product gives fleet managers a tool to reduce emissions today without any additional cost.”
Green Planet Group is currently engaged in providing innovative solutions to conserve energy usage, particularly for petroleum-based fuels. The company as developed unique products that are sold to industrial, commercial and retail customers. Its XenTx™ products feature breakthrough technology that reduces overall friction and mechanical wear, resulting in greater fuel economy and less air pollution (EPA Registration Numbers: 201920002 and 20190003).
Green Planet Group has announced that its wholly owned subsidiary, White Sands, LLC, is establishing XenTx™ products as an innovative way to help major metropolitan areas reduce smog and other harmful diesel emissions produces by municipal fleets. The news comes at a critical time for cities nationwide.
“Over the past few years, the U.S. Department of Energy has progressively expanded the number of Clean Cities Coalitions around the country in order to reduce both foreign oil dependence and vehicle emissions through the deployment of alternative fuels and additives,” notes Edmond Lonergan, CEO of Green Planet Group. “We are reaching out to the participating cities through these programs to demonstrate how they can immediately start reducing their emissions and improve fuel economy of their fleets.”
XenTx™ products are currently being used by Las Vegas, Tucson and several other cities. Interest in these products has been building quickly, leading to numerous calls from other Clean Cities Coalitions who are now asking for help. Green Planet Group expects a number of participating cities to announce significant improvements to air quality in the very near future. According to Tucson Clean Cities Coordinator, Colleen Crowninshield, “The Clean Cities program has long worked with partners such as White Sands to offer real benefits to our fleets in helping America reduce dependence on foreign oil while cleaning our environment, and we are proud to be working with them towards a better future for our children, grandchildren and future generations to come.”
Green Planet Group is currently engaged in providing innovative solutions to conserve energy usage, particularly for petroleum-based fuels. The Company has developed unique products that are sold to industrial, commercial and retail customers. Its XenTx™ products feature breakthrough technology that reduces overall friction and mechanical wear, resulting in greater fuel economy and less air pollution. XenTx™ has received its mark of registration from the Environmental Protection Agency, one of only four diesel fuel additives to do so while surpassing the strict emissions standards of Texas and California (EPA Registration Numbers: 201920002 and 201920003).
Scottsdale, AZ – In a major achievement, XenTx™ CleanBoost-LE received its mark of registration from the Environmental Protection Agency, one of only four diesel fuel additives to do so while surpassing the strict emissions standards of Texas and California. Test results from the Texas Commission on Environmental Quality and validated by the EPA, have proven the extensive benefits of XenTx™ CleanBoost-LE engine performance products. The results provide third-party validation for XenTx™ and its parent company, Green Planet Group, that CleanBoost improves fuel economy and reduces emissions.
The test results are as follows:
XenTx™ CleanBoost-LE is the strongest environmental compoent of the XenTx™ Fuel Treatment product line. Used with the correct combination of XenTx™ additives and lubricants, third party testing verifies these combinations can reduce fuel consumption by over 7%. The XenTx™ line offers Engine Treatment, Transmission Treatment and Spray Lubricant products. The company is wholly owned by Green Planet Group which is currently engaged in providing innovative solutions to conserve energy usage, particularly for petroleum-based fuels. The Company has developed unique products that are sold to industrial, commercial and retail customers.
XenTx™ CleanBoost-LE can be injected directly into the diesel fuel at refineries, terminals or storage tanks using standard equipment, with no special storage or handling requirements. Its particles ignite inside the fuel during the burn, adding energy for a more thorough combustion. CleanBoost-LE complies with federal low sulfur content requirements (EPA Registration Number: 20192002).
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