Green Planet's Healing the Earth is Growing
TEMPE, Ariz., June 2, 2015 /PRNewswire/ -- Green Planet Group, Inc. (PINKSHEETS: GNPG) announced today that its wholly owned subsidiary, Healing the Earth, Inc. (HTE), has initiated barley fodder growing tests at its Tempe, Arizona, headquarters. In early May, HTE management began plant growth testing to refine key proprietary elements of the Company's automated plant growing system. Results of the testing have been extremely positive.
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Edmond Lonergan, Company founder and CEO, noted, "We are excited and encouraged by our initial growing test results. As compared to fodder growing systems currently on the market, our system is producing fodder that is taller, heavier and nutrient-packed. Theirs is pale green, thin and light with much of the barley seed unsprouted. Ours is dark green and lush, with barley shoots ten to twelve inches high. Next week we will have our computer-controlled lighting and water/nutrient distribution systems up and running and we anticipate even greater results in product mass and quality. And, we are already refining operational procedures to increase production and reduce operating expense."
Healing the Earth, Inc. is building a "proof of concept" growing system installation in Congress, Arizona, to provide barley fodder for the feeding of cattle. This installation will verify the productivity and nutritional quality of food grown on the Company's groundbreaking growing technology and validate its three primary concepts: Food on Demand, Food at the Point of Consumption and Fast Track Food.
- This revolutionary growing system produces 100% organic food naturally, with no GMOs (genetically modified organisms) or chemical fertilizers.
- The system uses up to 90% less water than conventional growing methods and plants grow up to 300% faster.
- GNPG projects that revenues from the HTE subsidiary could exceed $46 million with a gross profit of $19 million within the next four years.
About Green Planet Group, Inc.
The Company is comprised of five wholly owned subsidiaries: one operating company and four development companies. XenTx Lubricants, Inc. produces lubricants and additives for gasoline and diesel engines. Arizona Independent Power Company is a development stage company holding rights to the Verde Pumped Storage Project. 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.
Contact:
Jim Schoenberger
602 614-0919
Email: [email protected]
SOURCE Green Planet Group, Inc.
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