Green Planet's Healing the Earth Secures Research Funding Major University to Study Benefits of Growing System
Tempe, AZ, August 20, 2015 (Newswire.com) - Green Planet Group, Inc. (PINKSHEETS: GNPG) announced today that its wholly owned subsidiary, Healing the Earth Inc. (HTE), has secured funding for a two year study of the benefits of barley fodder grown in the Company’s revolutionary plant growing system when fed to beef cattle. In May, the Company announced that it had initiated barley fodder growing tests at its Tempe, Arizona headquarters. Last week, Healing the Earth received $95,000 to fund the acquisition and maintenance of a herd of forty Angus steers as a part of a research study to be conducted by a major U.S. land grant university. The funding has been provided by a private investor.
Over the course of a twenty-four month period, the study will analyze the growth rate and health of cattle fed barley fodder produced from Healing the Earth’s revolutionary mechanized growing system as compared to cattle fed alfalfa hay and a third study group fed a corn-based diet. In addition, the study will analyze the healthfulness and nutritional value of beef produced from the three test groups.
Edmond Lonergan, Company founder and CEO noted, “Now and into the future, the people of Planet Earth will need more and more high quality nutrition even as agricultural water use must be significantly reduced. Our beef cattle study will analyze the nutritional value of the barley fodder produced in the Healing the Earth growing system as well as the quality of the beef produced from the cattle fed our fodder. Best of all, we will be confirming the 90+% reduction in water used in the process of growing our fodder and the cost reduction generated by our system as compared to traditional agricultural methods.” Lonergan anticipates that the study will be initiated this fall.
Healing the Earth, Inc. is building a “proof of concept” growing system installation 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 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 four wholly owned subsidiaries: one operating company and three development companies. XenTx Lubricants, Inc. produces 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.
Contact:
Jim Schoenberger
602 614-0919
Email: [email protected]
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