One company that has investors talking is the Green Planet Group. Located in Scottsdale, Arizona, Green Planet engages in ongoing research and development to create products and services that enhance the environment. Today, Green Planet announced revenues for the fiscal year totaling $59.2 million, a 647% increase over the previous year. Fourth fiscal quarter revenues rose by 75% to $10.7 million versus $6.1 million for the same period a year earlier.
Leading the way at the Green Planet Group is Edmond L. Lonergan who serves as the President and CEO of the young company. When asked what these figures will mean to the future of Green Planet, Lonergan was quoted as saying, “The growth in our revenues has continued through this fiscal year which continues to positively impact all areas of our Company. We believe that this trend will not only continue but actually increase during the next fiscal year. Even with the current challenging economic conditions, our revenue growth is expected to continue through 2011.”
Currently, Green Planet is trading in the $0.02 range. The company derives its revenues from the production and distribution of fuel-based energy conservation and clean-air products which is quickly making Green Planet a friend to both investors on Wall Street and the environment.
To learn more about Green Planet and what they have in store for the future, visit their website at: www.greeenplanetgroup.com.