ProGreen Properties, Inc. Announces Significant Developments

BIRMINGHAM, Mich., April 19 /PRNewswire-FirstCall/ -- ProGreen Properties, Inc. (ProGreen) (OTC Bulletin Board: PGEI), www.progreenproperties.com, is pleased to announce that Robert Armstrong has recently joined ProGreen as Vice President of Operations. Robert is a young lawyer with a proven "flair" for business that will provide a solid platform for the day to day running of the company.

ProGreen is also proud to announce the launch of its wholly owned subsidiary, ProGreen Realty LLC (PR LLC). PR LLC is a fully licensed real estate brokerage company led by its newly appointed Real Estate Broker, Christina Lombera. Christina brings with her over twenty years of real estate experience and knowledge in residential, multi-family and commercial transactions, for the past seven years with Keller Williams Realty in Farmington Hills, MI.

PR LLC will be run totally independently of ProGreen but will also serve as an invaluable "tool" for seeking out acquisition opportunities for ProGreen. PR LLC will also help with speeding up the process of successfully acquiring new real estate. PR LLC is expected to be profitable in 2010.

ProGreen has moved into new offices, as from April 1, providing more space and functionality, meeting the demands of the expanding business. Recently ProGreen also closed on another acquisition in Farmington Hills, MI and further closings are expected in the near future.

ProGreen has now also joined forces with award winning Architects, Young & Young (www.yyarchitects.com), of Bloomfield Hills, MI. Their vast experience and expertise in special design, green thinking, and modern eco-friendly construction, will bring ideas and solutions necessary for ProGreen to be able to transform average properties into great modern homes.

"Young & Young Architects are excited to be the Architects partnering with ProGreen Properties, Inc. We believe that the synergy of this new relationship will realize the creation of uniquely marketable residential products. ProGreen residences will incorporate high performance, sustainable building materials with creative design solutions appropriate for today's marketplace," says Todd Young, AIA, Young & Young Architects.

"Recent developments within ProGreen Properties, Inc. have been very positive and our real estate concept is rapidly gaining increasing support from many parts of the local community in Michigan," says Jan Telander, CEO, ProGreen Properties, Inc.

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.