SCOTTSDALE, Ariz., May 4, 2011 (GLOBE NEWSWIRE) -- Green Planet Group, Inc (OTCBB:GNPG) announced that its wholly owned subsidiary Lumea Staffing has negotiated an increase in its Accounts Receivable Credit Line to $5 million. Porter Capital located in Birmingham, Alabama has provided Lumea with its credit facility for over two years and with this increase, Porter continues to support Lumea's efforts to grow from a regional company into a national company.
"We are pleased to increase our credit line and therefore help Lumea to meet its growth, revenue and profit projections," stated Ron Williamson, Sr Vice President of Porter Capital. "We are prepared to continue this financial support for the foreseeable future."
Edmond L Lonergan, President/CEO of Lumea stated, "As most business people are aware, cash flow is one of the most important elements of any business and without Porter's support, Lumea would not be poised today to almost double its revenues over the next twelve months."
For more information on Porter Capital, please visit www.portercap.net.
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.