Green Parts International, Inc. Signs a LOI for $2.5 Million Credit Facility

LAS VEGAS--Green Parts International, Inc. (Pink Sheets: GNPT) is proud to announce the execution of a Letter Of Intent for a $2.5 Million Credit Facility. The facility will help GP exceed its revenue target for next year.

“As our consolidation and re-finance efforts produce positive cash flow, we are able to secure additional capital through various structures. During the tough environment of credit, that we are able to increase our capital is a testament to our business model and execution.”

A statement from the President/CEO Green Parts International. “As our consolidation and re-finance efforts produce positive cash flow, we are able to secure additional capital through various structures. During the tough environment of credit, that we are able to increase our capital is a testament to our business model and execution.”

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 do not end up in landfills. By utilizing state of the art recycling equipment the parts not suitable for reuse are broken down to 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.