The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Green Parts International, Inc. Reports Net Operating Income

LAS VEGAS--Green Parts International, Inc. (Pink Sheets: GNPT) today reported its financial results (unaudited) for the nine-month period ended September 2009. The company’s financials can be accessed at http://www.pinksheets.com/pink/quote/quote.jsp?symbol=gnpt#getFilings.

“We are pleased to report revenues of $3.7 million and net income before taxes of $406,338, barring finance charges of $189,140 for the nine months ending September 2009. As we continue to benefit from the consolidation in our operation, we are optimistic, that we would exceed our current and forecasted revenue, which is contingent on the completion of our current contact negotiations,” said Asif Balagam, CEO of Green Parts International Inc.

About Green Parts International; Green Parts International is a recycler of automobiles and appliances providing raw materials for manufactures in the United States, China, Korea, and India. By separating the different materials and parts and shipping them to the end users Green Parts maximizes the effectiveness of the recycling efforts. Parts from cars and office equipment are reused and therefore are not destined for landfills. By utilizing state of the art recycling equipment the parts not suitable for reuse are broken down into their base elements and sold as raw materials for manufacturing. These materials include steel, aluminum, and copper. Automotive oils and greases are also recovered and recycled. This “green” approach to total recycling is not only good for the environment but also offers tremendous profit potential.

Forward Looking Statement

The contents of this Press Release may be deemed to include forward-looking statements within the meaning of United States securities laws and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are only predictions and you should not rely on them. Actual results might differ materially from those projected in any such forward-looking statements. Forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by the forward-looking statements. We cannot guarantee future results, levels of activity, performance or achievements. In evaluating forward-looking statements you should consider various factors including risks inherent in the scrap metal business sector.