SCOTTSDALE, Ariz., April 27, 2011 (GLOBE NEWSWIRE) -- Green Planet Group, Inc (OTCBB:GNPG) announced that its wholly owned subsidiary Xentx Lubricants began its first fleet-wide installation of its Xentx Diesel Fuel Additive. This revolutionary product is primarily a "combustion enhancer" that improves diesel fuel combustion, resulting in improved fuel economy while reducing harmful emissions.
The Company began testing Xentx Diesel Fuel Additive in May 2010 on the diesel fuel-only buses, and the results were so impressive that the school system has implemented the Xentx fuel efficiency program. This program, which requires monthly shipments of the additive, is the first fleet-wide installation in the Company's history.
The second phase of the test is ongoing, and the Xentx fuel additive has been mixed with bio-diesel fuel and the results are encouraging. These bus engines have improved in efficiency and emissions have been reduced. In addition, maintenance costs and downtime have also been reduced. The overall annual savings of this program will exceed $2 million.
"The continued success of this program verifies the positive impact of our Xentx technologies," stated Edmond L Lonergan President/CEO. "The U.S. currently has approximately 700,000 school buses, 96% of which use diesel fuel, so our potential market is enormous, therefore, we expect that this success will help us sell other school bus fleets and meet our revenue goal of $70 million this fiscal year."
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