Green Planet Provides XenTx Update
07 Novembre 2011 - 3:00PM
Green Planet Group, Inc. (OTCBB:GNPG) announced today that its
wholly owned subsidiary, XenTx Lubricants, Inc., continues to
increase its revenues particularly with new international orders.
XenTx Lubricants just successfully completed negotiations with a
distributor in Ghana for a container of its Synergyn Octane Booster
and the initial order included a fifty percent cash deposit. This
order will be shipped from our Durant facilities by the end of
November. We project that this new distributor will increase their
purchases to approximately $1.5 million per year. Secondly, a
distributor in Serbia has placed an order for two 55 gallon drums
of the XenTx Diesel Fuel Treatment for evaluation purposes. Their
goal is to improve fuel economy while reducing emissions for the
entire transit system. After a successful test, the amount of
product required will not be shipped from Durant because the
freight costs would be too expensive. Therefore, as volume
increases, we would expect to manufacture the additive in
Serbia.
Lastly, the sales of our private label products for distribution
in Canada continue to increase which has resulted in the
distributor wanting to expand their product offerings. The goal is
to have the new products available and ready for shipment by March
of next year. The projected annual revenues after introducing the
new products, will be approximately $3 million.
Edmond L Lonergan, President/CEO stated, "These international
sales validate that the XenTx technology is gradually becoming
accepted Worldwide. Over the next few years, these revenues will
increase and help us to meet our financial goals."
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: Worldwide Financial Marketing, Inc. USA
Tel: 954.360.9998
Fax: 954.360.9881
www.wwfinancial.com
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