GNPG Green Planet Group Inc (CE)

TEMPE, AZ, United States, via ETELIGIS INC., 09/10/2014 - - Green Planet Group, Inc. (PINKSHEETS: GNPG) announced today that Company management has inked an investment agreement to fund production of revolutionary On-Demand Hydrogen Generator technology through its AAQIS, Inc. subsidiary. First announced in late July, the funding agreement has now been signed and initial funding under the terms of the agreement has been received.

The $500,000 investment is structured as a Convertible Debenture earning twelve percent (12%) annual interest until such time as the investment is converted to restricted shares of GNPG stock. Conversion may be made after six months at a rate based upon the then current GNPG share price. In addition, the investment agreement includes an investors' share of thirty percent (30%) of ongoing annual net profits, when generated by the AAQIS subsidiary, as determined by the Company's auditors. The Company anticipates production of market-ready AAQIS hydrogen generators in January 2015 with revenues of approximately $1.2 million in 2015 Fiscal Q4 and $200 million in Year 4 of production.

GNPG CEO Ed Lonergan noted, "Closing this AAQIS funding agreement allows us to finish production of our fourth generation hydrogen generator design following three years of research and development. Last week we met with our production partners, Si Manufacturing of Anaheim, California to develop a plan for production." James R. "Bud" Reed, president of Si Manufacturing, said, "After three long years in the R&D phase we are all delighted to have the funding to complete product development and move into the production phase. We plan to begin production in January, 2015."

The AAQIS revolutionary technology utilizes the excess electricity generated by a vehicle's engine to break down water into its base elements, hydrogen and oxygen. This gas is then fed into the engine resulting in much better mileage and greatly reduced emissions. Independent testing has proven that the AAQIS HHO generator improves fuel economy by approximately 11% and reduces emissions up to 77% in gasoline and diesel fueled internal combustion engines. The AAQIS HHO generator is applicable to retrofit of equipment and vehicles currently in use as well as to new engine production.

About Green Planet Group, Inc.

The Company is comprised of four wholly-owned subsidiaries: one operating company and four development companies. XenTx Lubricants, Inc. produces lubricants and additives for gasoline and diesel engines. AAQIS, Inc. is developing a hydrogen generator which greatly reduces hydrocarbon emissions while improving fuel efficiency in internal combustion engines. Green Mining Technologies, Inc. is developing green technologies for the mining of precious metals. The Company's Healing the Earth subsidiary is developing a new Fast Track growing system capable of growing vast amounts of fresh, organic food.

Forward -Looking Statements

Certain statements contained herein are "forward-looking" statements (as defined -- Private Securities Litigation Reform Act of 1995). Green Planet Group, Inc. cautions that the statements made in this press release constitute forward-looking statements and no guarantees of future performance and actual results or developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at time the statements are made.

Contact: Jim Schoenberger

Phone: 480-422-8386

Email: jschoenberger@greenplanetgroup.com

SOURCE: Green Planet Group

Associated Documentation:

http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=27710 - Link to submission on http://www.eteligis.com

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