Wednesday, June 29, 2011 10:43:08 AM
SCOTTSDALE, Ariz., Jun 29, 2011 (GlobeNewswire via COMTEX News Network) --
Green Planet Group, Inc. (OTCBB:GNPG) announced today that its wholly owned subsidiary Xentx Lubricants, Inc. received an initial order for $1,000,000 to private label its Xentx and Synergyn products for sale across Canada. Shipments will begin this September and will continue monthly.
Mike Dyson, President of Xentx Lubricants, stated, "we competed with numerous other specialty lubricant manufacturers for this contract, and we were awarded this contract because of the quality of our products and our competitive price." Mr. Dyson continued, "we believe that this new relationship could develop into a long term, multi year contract which could increase yearly revenues by approximately $3,000,000."
Edmond Lonergan, President/CEO of Green Planet, stated, "when our products are evaluated for quality and value, it confirms our belief that Xentx Lubricants manufactures some of the best lubricants available today."
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 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.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Green Planet Group, Inc.
CONTACT: Gabriel (Gabe) Rodriguez E Relations Group, Inc. 623-255-5750
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