This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Green Planet Group Releases Shareholder Letter

SCOTTSDALE, Ariz., June 15, 2010 (GLOBE NEWSWIRE) -- Green Planet Group, Inc. (OTCBB:GNPG), announced today that it had mailed 1,600 letters to its shareholders of record as of May 19, 2010. The letter is as follows:

This letter is to update you on the current status of Green Planet Group (OTCBB:GNPG) and its continuing efforts to grow into a highly profitable company with a resulting increase in shareholder value. We have struggled through one of the worst financial crises in U.S. history, which has slowed down our growth, but I am still convinced that Green Planet Group will continue to execute its growth strategy and become a successful Company.

The major reason why I'm so optimistic is that both segments of Green Planet Group's business, the Xentx/Synergyn segment and the staffing segment, are growing as detailed below:

Xentx/Synergyn Segment:

1. For the past year, we have been negotiating with a major truck/locomotive drive train manufacturer to become their major supplier of gear lube oil. Over the past six months, our major competitors for this contract have included every major oil and lubricating company. Our subsidiary Xentx Lubricants, located in Durant, OK, has been awarded this multiyear contract, and we expect to begin production of Synergyn's unique gear lube oil within the next few weeks. This supply contract is expected to exceed $80 million annually and increase profits substantially.

2. Earlier this year we hired Gary Davidson, a diesel engine and fuel expert, to manage the effort to increase sales of our two diesel fuel additives. 1 Mr. Davidson has organized a major test currently being performed at one of the largest school bus fleets in the Country. The results will not be announced for another two months but as of today, this test has exceeded all expectations by reducing maintenance costs, equipment downtime, and emissions while improving fuel efficiency between 4% to 15%. I believe that we will have numerous opportunities to provide our products to additional school bus fleets. Our slogan is "Turning Yellow Busses Green."

3. Xentx Lubricants will begin its first diesel fuel additive railway locomotive test within 10 days. The primary goal of this test is to reduce emissions and reduce maintenance while improving fuel efficiency. The test period is relatively short, and we expect substantial certifiable emission reductions within the first 60 days. Impact on revenues is yet to be determined, but we believe that they will be significant.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG
GNPG $0.02 0.00%
AAPL $127.20 0.62%
FB $81.21 0.00%
GOOG $575.33 0.00%
TSLA $200.63 0.00%

Markets

DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

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