Green Planet Group Grows Revenues 3,000%
2009-10-26 07:00 MT - News Release
SCOTTSDALE, Ariz. -- (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 thirtyfold 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.
Contacts:
Green Planet Group, Inc.
Investor Relations:
Patrick Nelson, VP, 480-222-6222
pnelson@greenplanetgroup.com
Source: Green Planet Group, Inc.
