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ProGreen Properties, Inc. Launches New Website

Oct. 5, 2010 (PR Newswire) --

BIRMINGHAM, Mich. -- ProGreen Properties, Inc. ("ProGreen"), (OTC Bulletin Board: PGEI), www.progreenproperties.com, is pleased to announce its newly designed website and new corporate logo.

"We are very excited about ProGreen's newly enhanced website and logo, as we believe that the "new look" better reflects the company's principles in connection with a greener, healthier environment. Our new website also provides an improved platform from which a greater understanding of ProGreen's objectives can be distinguished," says Jan Telander, President & CEO.

ABOUT PROGREEN PROPERTIES, INC:

ProGreen Properties, Inc. (ProGreen) (OTCBB-PGEI) is a young company (2009) based in Birmingham, Michigan. ProGreen is engaged in the business of acquiring, refurbishing and upgrading potential income-producing residential real estate. ProGreen believes that Michigan offers some of the best investment opportunities in the presently distressed US property market.

Contact:

Jan Telander, President & CEO

P: [phone]

F: [phone]

[e-mail]

www.progreenproperties.com





This press release contains statements, which may constitute 'forward-looking statements' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. 'Forward-looking statements' are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated. Such factors include: our ability to create, sustain, manage or forecast our growth; our ability to attract and retain key personnel; changes in our business strategy or development plans; competition; business disruptions; adverse publicity; and international, national and local general economic and market conditions.

SOURCE ProGreen Properties, Inc.

Jan Telander, President & CEO of ProGreen Properties, Inc., [phone], or fax, [phone], [e-mail]




Source: PR Newswire (October 5, 2010 - 7:00 AM EDT)

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