TEMPE, AZ--(Marketwired - Nov 1, 2016) - Green Planet Group, Inc. (OTC PINK: GNPG) has announced that its wholly owned subsidiary, Healing the Earth Inc. has begun food production in its revolutionary food growing system in Congress, Arizona. Ed Lonergan, Green Planet Group founder, noted, "After five years of research and development, we began operation of our proof-of-concept installation last Monday. Our first barley fodder product was harvested last week. Early indications are that the fodder is growing very well. Upon confirmation of our product quality, we will immediately begin full scale production. We see better, faster, cheaper and more reliable food production on the horizon for the future of the human race. This is a very exciting time for us!"
The Company has built a "proof of concept" growing system installation to provide barley fodder for the feeding of cattle. This installation will verify the productivity and nutritional quality of food grown on the Company's groundbreaking growing technology and validate its three primary concepts: Food on Demand, Food at the Point of Consumption and Fast Track Food.
- This revolutionary growing system produces 100% organic food naturally, with no GMOs (genetically modified organisms) or chemical fertilizers.
- The system uses 90+% less water than conventional growing methods and plants grow up to 300% faster.
- GNPG projects that revenues from the HTE subsidiary could exceed $46 million with a gross profit of $19 million within the next four years.
Upon completion of a shake-down period, Green Planet will initiate a two year study of the benefits of barley fodder grown in the Company's revolutionary plant growing system when fed to beef cattle. Over the course of a twenty-four month period, the study, to be conducted in conjunction with the University of Arizona College of Agriculture and Life Sciences, will analyze the growth rate and health of cattle fed barley fodder produced from Healing the Earth's mechanized growing system as compared to cattle fed alfalfa hay and a third study group fed a corn-based diet. In addition, the study will analyze the healthfulness and nutritional value of beef produced from the three test groups.
Lonergan continued, "Now and into the future, Planet Earth's ever increasing human population will need more and more high quality nutrition even as agricultural water and land use must be significantly reduced. Our growing system is fully scalable and can be utilized by any and all livestock, dairy and produce growers to drought-proof and weather-proof agriculture from the effects of climate change across the U.S. and around the world. Our Healing the Earth™ growing system will reduce their costs of production and water use, increase productivity and profits and improve food quality while reducing consumer food costs."
About Green Planet Group, Inc.
The Company is comprised of four wholly owned subsidiaries: one operating company and three development companies. XenTx Lubricants, Inc. produces lubricants and additives for gasoline and diesel engines. 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.