****EVENT DRIVEN TRADERS' BOARD****

[Potse]

GNPG(.008)...expected sale of a subsidiary....

It has gone largely unnoticed, but in GNPG's February 17 financial results press release the company stated it may announce the sale of its XenTx Lubricants subsidiary sometime in the next 6 weeks. The share price seems to have been firming up a little in the last few weeks, so it is possible this anticipated sale might cause a pop in the share price. GNPG's current fiscal year ends on March 31......

Green Planet CEO Edmond L. Lonergan stated, “While we are disappointed in the Company’s third quarter results, we believe we have made great progress in refocusing our efforts on our core values and corporate mission, ‘To advance the health and natural wealth of our planet through investments that directly benefit the environment, the emerging green economy and our shareholders.’ As a part of that effort, for the past several months we have been conducting negotiations to divest the Company of the its lubrication business which has continued to be a drain on our resources despite significant efforts to rebrand products and open new revenue streams. In addition to eliminating that operating loss, sale of the lubrication business would also result in the elimination of over $3,000,000 in debt from our balance sheet. We hope to be able to announce this sale before the end of this fiscal year.”

http://www.greenplanetgroup.com/news.html