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Green Planet Group Reports Year End Results

SCOTTSDALE, Ariz.--Green Planet Group, Inc. (OTCBB:GNPG), an emerging leader in environmentally safe products and services, today announced results for the year ending March 31, 2009 which are detailed in a Form 10-K filing with the Securities & Exchange Commission – www.sec.gov.

Highlights of the Year Include:

  • Revenues increased 322% to $9.2 million up from $2.8 million for the year ended March 31, 2008.
  • Total current assets grew from $4 million for the 2008 fiscal year to $21.4 million for the current year.
  • Accounts Receivable increased 378% to $4.3 million up from $.9 million from the prior year.
  • The Company acquired the assets of Easy Staffing Solutions, Inc. in March 2009.

“We enter the new fiscal year poised for prosperity,” stated Edmond L. Lonergan, CEO. “Green Planet Group has built a foundation for significant growth and now has the ability to capitalize on the many opportunities that lie before us. The acquisition of the assets of Easy Staffing Solutions has exponentially increased our asset and revenue base and should more than compensate for the temporary increases in overhead expenses over the long term.”

“The staffing acquisition also provides synergistic opportunities for Green Planet to grow market share for its products that reduce emissions and increase fuel efficiency. In fact, as a direct result of this acquisition, we are presently selling our green fuel additives to Fortune 1000 Companies that are Lumea clients across America,” Lonergan concluded.

For the full 10-K financial please visit: http://www.sec.gov/cgi-bin/browse-idea?action=getcompany&CIK=0001372533&owner=exclude&count=40

Green Planet Group, Inc. (OTCBB: GNPG) is based in Scottsdale, Arizona and engages in ongoing research and development to create 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.

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.