Green Planet Announces Improved Financial Performance
09 August 2012 - 2:45PM
Marketwired
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.
Investor Relations Contact: TEN Associates, LLC Tom
Nelson Managing Director Phone: (480) 232-5469
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