SCOTTSDALE, Ariz., April 27, 2010 (GLOBE NEWSWIRE) -- Green Planet Group, Inc. (OTCBB:GNPG), announced today results for the fiscal 2010 fourth quarter ending March 31, 2010 and for the Fiscal Year just ended. Revenues for the fourth quarter increased by 75% to $10.7 million versus $6.1 million for the same period last year. Revenues for the year were $59.5 million versus $9.2 million from last year or an increase of 647%.
Edmond L. Lonergan, President/ CEO of Green Planet Group, stated, "The growth in our revenues has continued through this fiscal year which continues to positively impact all areas of our Company. We believe that this trend will not only continue but actually increase during the next fiscal year. Even with the current challenging economic conditions, our revenue growth is expected to continue through 2011."
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.