Green Planet Group Acquires Billion Dollar Project
August 02 2011 - 4:38PM
Green Planet Group, Inc (OTCBB:GNPG) announced today that it has
completed the Acquisition of Arizona Independent Power, LLC (AIP).
AIP is now a wholly owned subsidiary of Green Planet. AIP has been
researching and developing a renewable energy hydro project called
Pump Storage. The initial federal preliminary permit has been
issued to AIP by Federal Energy Regulatory Commission (FERC) for
exportation, evaluation and environmental impact study regarding
this project. The Preliminary Permit Project Number is
14061-000-Arizona and the estimated value of the project is $1.2
Billion.
Edmond L. Lonergan, President/CEO stated, "we are pleased that
we have successfully completed this acquisition because it adds a
new and highly profitable technology to Green Planet."
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: Gabriel (Gabe) Rodriguez
E Relations Group, Inc.
623-255-5750
Green Planet (CE) (USOTC:GNPG)
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