ProGreen Continues to Ramp-Up Business

Oct 12, 2010, 07:00 ET from ProGreen Properties Inc.

BIRMINGHAM, Mich., Oct. 12 /PRNewswire/ -- ProGreen Properties, Inc. (ProGreen), (OTC Bulletin Board: PGEI) www.progreenproperties.com,  is pleased to report that its business development is proceeding according to plan, with the acquisition of four additional properties during the past two months. ProGreen also recently hired Lane Joanis, a seasoned Michigan Builder, to join the Team as Project Manager.  By enlisting Lane as a member of the ProGreen Team, the company is now better equipped to handle the increased need to timely and efficiently renovate properties.

"Lane is bringing 25 years of experience from the building industry. His expertise is rapidly proving to be very beneficial to ProGreen, creating big savings in both time and money. Lane's eye for detail has also raised the bar in quality and finish, making ProGreen Homes  even more attractive and competitive in the market place".

ABOUT PROGREEN PROPERTIES, INC:

ProGreen Properties, Inc. (ProGreen) (OTC Bulletin Board: PGEI) is a young company (2009) based in Birmingham, Michigan. ProGreen is engaged in the business of acquiring, refurbishing and marketing residential real estate, mainly in prime areas of Oakland County, Michigan. ProGreen believes that Michigan offers some of the best investment opportunities in the presently distressed US property market.

Contact:

Jan Telander, President & CEO

P: (248) 530-0770

F: (248) 731-7407

info@progreenproperties.com

www.progreenproperties.com

This press release contains statements, which may constitute 'forward-looking statements' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. 'Forward-looking statements' are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated. Such factors include: our ability to create, sustain, manage or forecast our growth; our ability to attract and retain key personnel; changes in our business strategy or development plans; competition; business disruptions; adverse publicity; and international, national and local general economic and market conditions.

SOURCE ProGreen Properties Inc.



RELATED LINKS

http://www.progreenproperties.com