Green Planet Group Management Announces Stock Purchase
December 31 2010 - 7:00AM
Green Planet Group, Inc. (OTCBB:GNPG) announces today that its
senior management team has purchased 5,500,000 shares of restricted
common stock at a cost of $.02 per share. The financial impact of
these purchases reduces the debt owed to management by $110,000 and
therefore will have a positive impact on profits.
"We are convinced that our stock is significantly undervalued,"
stated Mr. Lonergan, "and we believe that although our Company has
struggled through one of the most difficult financial eras in
American history, we are convinced that in the next twelve months
revenues will grow significantly and Green Planet will become
profitable." Mr. Marshall added, "We expect that as the Company
improves its overall performance the result will be a positive
impact on shareholder value."
About Green Planet Group:
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.
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.
CONTACT: Green Planet Group, Inc.
Randie Cistone
480.222.6222
rcistone@greenplanetgroup.com
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