SOURCE: Green Planet Group, Inc.

Green Planet Group, Inc.

August 09, 2012 08:45 ET

Green Planet Announces Improved Financial Performance

SCOTTSDALE, AZ--(Marketwire - Aug 9, 2012) - Green Planet Group, Inc., (PINKSHEETS: GNPG) announced today that its wholly owned subsidiary, XenTx Lubricants, Inc., (pronounced Zen-tex) is now generating net profits each month. Over the past three months, revenue has increased by 32% to approximately $120,000 per month and profits increased by 118% in comparison to the same period last year. XenTx Lubricants now projects that it can continue to increase profits each month for the foreseeable future. Sales of both its brands -- Synergyn and XenTx have greatly increased year over year with the XenTx brand now accounting for approximately 40% of revenues. The Company has also enhanced its e-commerce site, please visit www.xentxsynergyn.com to see the improvements.

Numerous long-term customer tests will be completed during the next 90 days and if current results are any indication, the final test results will demonstrate a significant reduction in fuel consumption, emissions and fuel cost.

Once the testing phase is complete, we expect that these customers will be prepared to use XenTx products throughout their entire fleet, thereby increasing our revenues and profits substantially. The Company will begin to publish these test results as they become available.

Edmond L. Lonergan, President & CEO, stated, "We believe that all of our past efforts to introduce our proven fuel economy and emission reducing technologies are beginning to be accepted by the industrial and commercial market. We expect revenues and profits to continue increasing ultimately enhancing shareholder value and supporting our long-term growth strategy."

About Green Planet Group

Green Planet Group, Inc. (PINKSHEETS: GNPG) is based in Scottsdale, Arizona and engages in ongoing research and development to create greentech and cleantech 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 Information

  • Investor Relations Contact:

    TEN Associates, LLC
    Tom Nelson
    Managing Director
    Phone: (480) 232-5469