This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Green Planet Group Reports Fiscal 2010 Third Quarter Results On Form 10-Q

Green Planet Group, Inc. (OTCBB:GNPG), announced today results for the fiscal 2010 third quarter ending December 31, 2009. The results are detailed in the company’s quarterly report on Form 10-Q filed today with the Securities & Exchange Commission.

Highlights for the Quarter include:

  • Third quarter revenues increased to $15.7 million compared to $0.7 million the same quarter last year.
  • Fiscal year-to-date, revenues increased to $48,825,923 as compared to $3,040,728 reported for the same period last year.
  • Third quarter gross profit increased to $2.1 million, or 13.1% of revenues, compared to $0.3 million, or 45.4% of revenues, reported during the same period last year.
  • Cash balance increased to $533,898, up from $69,560 reported as of December 31, 2008.
  • Cash provided from operating activities for the first nine months of fiscal 2010 increased to $904,000, a significant improvement from cash used by operating activities of $(1,073,611) in the same period last year.

“We are pleased to report that our cash flow from operations increased significantly during this past quarter,” said Edmond Lonergan, Green Planet Group CEO. “We continue to execute our growth strategy which includes acquisitions, expanding our sales of emission reducing/fuel efficiency products and implementing our Green Mining Technologies.”

For the full 10-Q Filing please visit:  http://www.sec.gov/Archives/edgar/data/1372533/000107654210000045/p0237.htm

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: Forward-Looking Statements

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,804.71 -238.19 -1.40%
S&P 500 1,946.16 -26.13 -1.32%
NASDAQ 4,422.0850 -71.3050 -1.59%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs