SOURCE: Green Planet Group
SCOTTSDALE, AZ--(Marketwired - Feb 12, 2014) - Green Planet Group, Inc. (OTC Pink: GNPG) announced today that its wholly owned subsidiary, Healing the Earth Inc., has completed negotiations to locate its "proof of concept" proprietary food growing system at the site of the former Parker Dairy in Congress, Arizona. This revolutionary growing system is capable of growing many kinds of vegetables for human consumption as well as animal feed, demonstrating three proprietary concepts: "Fast Track Food" -- "Food at Point of Consumption" -- "Food on Demand." In addition, this new growing system reduces water requirements by up to 90% and accelerates normal growing cycles by approximately 300% -- all accomplished naturally (no GMOs), using only organic fertilizers. In the future, one can imagine using this technology in your home to grow the highest quality, freshest, all organic food for your family.
The Facility Fee Agreement between Healing the Earth, Inc. and the dairy owners, Montrose Equity LLC and Yavapai Resources LLC, provides access to the property and space for offices, laboratory, and construction of a "proof of concept" growing system in an enclosed area within one of the dairy milking parlor buildings for a period of eighteen months. The location of the growing system is adjacent to cattle pens behind the building allowing for automation of the delivery of food to the livestock. As payment, the dairy owners have been issued five (5) million restricted shares of Green Planet Group, Inc. stock.
The Healing the Earth research team is comprised of in-house and dairy industry experts as well as a number of designers and engineers from project development partners EWSolutions, Botanicare, Juggernaut Design, CS Arizona and independent consultants providing agriculture and fertilizer expertise. Green Planet Group CEO Edmond Lonergan noted, "At this moment when thirteen states are experiencing massive drought, California perhaps on track for the worst drought in 500 years, we believe our revolutionary system will have profound positive impact on how food is produced, the cost of food production, and the environmental impact of traditional growing methods."
Lonergan further stated, "Annual revenues from this technology could exceed $200 million within the next five years, generating net profits in excess of $40 million. This technology is what Green Planet Group is all about. Our Healing the Earth growing system has been under development for the past one-and-one-half years and it truly returns us to our roots. Our team of experts has donated their time and resources to date because they believe this may be the most important project they ever work."
Lonergan concluded, "Recently Doug Kenney, director of the Western Water Policy Center at University of Colorado Law School was quoted in the news saying, "Our cities are going to have to continue on their conservation efforts and we're going to have to talk about how we use water in agriculture (which is) still the single greatest use. Certainly there's a value in doing that but as you go forward do we want our cities going dry while we're growing cattle feed?" At Green Planet Group we are convinced our growing system is a major step forward in addressing that specific issue."
About Green Planet Group, Inc.
The Company is comprised of five wholly-owned subsidiaries: one operating company and four development companies. XenTx Lubricants, Inc. produces lubricants and additives for gasoline and diesel engines. Arizona Independent Power Company is a development stage company holding rights to the Verde Pumped Storage Project. AAQIS, Inc. is developing a hydrogen generator which greatly reduces hydrocarbon emissions while improving fuel efficiency in internal combustion engines. Green Mining Technologies, Inc. is developing green technologies for the mining of precious metals. The Company's Healing the Earth subsidiary is developing a new "fast track" growing system capable of growing vast amounts of fresh, organic food.
Certain statements contained herein are "forward-looking" statements (as defined -- Private Securities Litigation Reform Act of 1995). Green Planet Group, Inc. cautions that the statements made in this press release constitute forward-looking statements and no guarantees of future performance and actual results or developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at time the statements are made.