ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

GNPG Green Planet Group Inc (CE)

0.000001
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Green Planet Group Inc (CE) USOTC:GNPG OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Green Planet Net Income and Earnings Lead to New Investment Funding

31/07/2014 2:05pm

eTeligis


TEMPE, AZ /eTeligis/ Last week, Green Planet Group, Inc. (OTC PINK: GNPG) (PINKSHEETS: GNPG) announced net profit of $3.1 million and $0.014 Earnings per Share for the Year Ended March 31, 2014. In combination with a reduction of $19.2 million in Liabilities compared to the prior year these financial results provided the Company and its shareholders with much anticipated good news.

Today, GNPG is announcing a major step forward in funding for the Company's AAQIS, Inc. subsidiary. Edmond Lonergan, GNPG CEO and President, announced the successful negotiation of financing for the Company's HHO generator subsidiary. This revolutionary new technology utilizes the excess electricity generated by a vehicle's engine to break down water into its base elements, hydrogen and oxygen. This gas is then fed into the engine resulting in much better mileage and greatly reduced emissions.

Mr. Lonergan noted, "We are delighted to have negotiated a financing package for AAQIS. This subsidiary will carry our Company far in fulfilling our Corporate Mission, '...to advance the health and natural wealth of our planet through investments that directly benefit the environment, the emerging green economy and our shareholders.' Independent testing has proven that our AAQIS HHO generator will improve fuel economy by approximately 11% and reduce emissions up to 77% in gasoline and diesel fueled internal combustion engines. Cleaner air to breathe and big fuel cost savings for truck, bus, marine and heavy equipment operators benefit our planet and our customers." Mr. Lonergan noted that documents are currently being drawn to finalize the investment package, anticipating that the deal will close by mid-August.

About Green Planet Group, Inc.

The Company is comprised of four wholly-owned subsidiaries: one operating company and four 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 Trackā„¢ growing system capable of growing vast amounts of fresh, organic food.

Forward-Looking Statements

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.

CONTACT:

Jim Schoenberger
Phone: 480-422-8386
Email: jschoenberger@greenplanetgroup.com



SOURCE: Green Planet Group

1 Year Green Planet (CE) Chart

1 Year Green Planet (CE) Chart

1 Month Green Planet (CE) Chart

1 Month Green Planet (CE) Chart

Your Recent History

Delayed Upgrade Clock