SOURCE: ProGreen Properties, Inc.

ProGreen Properties, Inc.

July 21, 2016 14:27 ET

ProGreen Properties, Inc. Changes Its Name to ProGreen US, Inc.

BLOOMFIELD, MI--(Marketwired - Jul 21, 2016) - ProGreen Properties, Inc., (OTC PINK: PGEI), www.ProGreenUS.com, is announcing to change its name to ProGreen US, Inc. (PGUS), as of tomorrow, July 22, 2016. The ticker symbol will change to PGUS, also effective also as of tomorrow.

"We are changing our name to better reflect the expansion of the company's business activities going forward, investment in agriculture land in Baja California, further planning for residential and commercial real estate developments in the area, with integration of advanced solar technology. Our newly formed subsidiary, ProCon Baja JV, based in Ensenada, Mexico, is expected to contribute importantly to the future growth of the company", says Jan Telander, CEO.

About ProGreen US, Inc.
ProGreen US, Inc. (PGUS) (OTC PINK: PGUS) based in Bloomfield, Michigan, is engaged in the business of acquiring, refurbishing and upgrading residential real estate into modern affordable homes, to be sold with Land Contracts to buyers still unable to obtain conventional credit. The company has also recently entered into property investments in Baja California, Mexico and will be intensifying this activity, with the aim of creating a sustainable income stream for many years to come.

This press release might contain information, which may constitute 'forward-looking statements' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. 'Forward-looking statements' are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated.

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