$$$ GNPG $$$ Big News Green Planet Announces $4 Million Acquisition
GlobeNewswire "Press Releases"
SCOTTSDALE, Ariz. , July 13, 2011 (GLOBE NEWSWIRE) -- Green Planet Group, Inc. (OTCBB:GNPG) announced today that its wholly owned subsidiary, Lumea Inc. , has acquired an additional $4 million light industrial staffing business in the Mid West. Included with this acquisition is a new experienced, highly qualified management team.
To integrate this additional business, Lumea plans to open a new office in the Chicago Metropolitan area, and, as dictated by revenue growth, additional offices will be opened as needed. Projections include expanding operations into Indiana and Wisconsin .
Edmond L. Lonergan , President/CEO, stated, "This acquisition not only immediately increases Lumea's revenues, the new management team projects that it will double its revenues over the next twelve months."
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.
CONTACT: Gabriel (Gabe) Rodriguez E Relations Group, Inc. 623-255-5750
Source: Green Planet Group, Inc.
