SCOTTSDALE, Ariz., April 7, 2011 (GLOBE NEWSWIRE) -- Green Planet Group, Inc. (OTCBB:GNPG) announced today revenues for the fiscal 2011 fourth quarter ending March 31, 2011. These results will be incorporated in the Company's yearly report on Form 10-K which will be filed with the Securities and Exchange Commission.
Revenues for the fourth quarter were $8.1 million and the total revenues for the fiscal year were $37.7 million. Gross Profit jumped to 15.5% from 12.6% from the prior year, which was a 23% improvement.
"The Company continues to improve its overall financial performance and we expect significant growth in both staffing and our high technology emissions and fuel efficiency products," stated Edmond Lonergan, President/CEO, "and we project that revenues will grow significantly and possibly achieve $70 million over the next 12 months."
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