Green Planet Group, Inc. (OTC Pink: GNPG) (PINKSHEETS: GNPG) announced today that its wholly owned subsidiary, XenTx Lubricants, Inc., reports a significant increase in sales over the past four weeks. This is a result of the implementation of the Company's previously announced strategies including the closure of its Durant, OK plant in order to concentrate its resources on improving customer service, product development and expanding its distribution network.
- During the past four weeks, the Company has generated significantly more in sales than was anticipated in our sales plan with results excess of $150,000; an increase of more than 100% over the same period last year.
- Based on this significant increase in orders, the Company is confident of reaching the previously announced XenTx Lubricants Fiscal 2015 revenue projection of $2,500,000.
- Gross margins on sales have increased slightly since the Company initiated new production procedures.
- All plant operating costs have been eliminated with the resulting savings being invested into product inventory and new product development.
Paul Hansen, XenTx Lubricants Nation Sales Manager, said, "We are elated with the initial results from our new production and distribution strategies and we thank our customers for their patience in staying with us during this transition. Our order fulfillment goal is to ship products within 48 to 72 hours of receipt of order. We are currently developing special offers to our customers as a way of thanking them for their trust and patience."
About Green Planet Group, Inc.
The Company is comprised of four wholly owned subsidiaries: one operating company and three development stage companies. XenTx Lubricants, Inc. produces XenTx and Synergyn brand lubricants and additives for gasoline and diesel engines. AAQIS, Inc. is developing a hydrogen generator which greatly reduces hydrocarbon emissions while improving fuel efficiency in internal combustion engines. Green Mining Technologies, Inc. is developing green technologies for the mining of precious metals. The Company's Healing the Earth subsidiary is developing a new "fast track" growing system capable of growing vast amounts of fresh, organic food.
Forward-Looking Statements
Certain statements contained herein are "forward-looking" statements (as defined - Private Securities Litigation Reform Act of 1995). Green Planet Group, Inc. cautions that the statements made in this press release constitute forward-looking statements and no guarantees of future performance and actual results or developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at time the statements are made.
Website:
http://greenplanetgroup.com
Order XenTx and Synergyn products online at:
http://xentxsynergyn.com
Contact:
Jim Schoenberger
(602) 614-0919
jschoenberger@greenplanetgroup.com
SOURCE: Green Planet Group
Associated Documentation:
Link to submission on http://www.eteligis.com
GPNE_4-24-2014_LST_ETL.docx
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