SCOTTSDALE, Ariz., July 15, 2010 (GLOBE NEWSWIRE) -- Green Planet Group, Inc. (OTCBB:GNPG), today announced results for the year ending March 31, 2010 which are detailed in a Form 10-K filing with the Securities & Exchange Commission. Highlights of the Year Include:
- Revenues increased 526% to $57.4 million up from $9.2 million for the year ended March 31, 2009.
- Cash on hand increased from $470,000 to $881,000 or 87% from the prior year.
- Cash generated from operations increased to $2.3 million from a negative $13.5 million or an improvement of $15.8 million over the prior year.
For the full 10-K financial please visit:http://sec.gov/Archives/edgar/data/1372533/000107654210000100/p0717_10k.htm 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. Patrick Nelson 480.222.6222