GreenParts International Inc. Announces Filing Audited Financial Statements on the Form 10 with the SEC
ATLANTA, June 12, 2013 /PRNewswire/ -- GreenParts International Inc. (Pink Sheets: GNPT) releases audited financials for years ending December 31, 2012 and 2011. Net income for 2012 and 2011 was $855,793 and $230,870 respectively, resulting in an EPS of 0.013 for 2012 and 0.004 for 2011 an increase of $624,923 or 73%.
"The filing of the Form 10 Registration Statement by GNPT is an important milestone for the growth of our company," said Asif Balagamwala, GNPT chairman and CEO. He added, "In our ongoing efforts to be profitable, execute our acquisition and expansion strategy, we will be making every effort to continue our ascent of the OTC Markets reporting system to provide high quality disclosure to our investors." GNPT continues to streamline it business practices while focusing on strategic growth initiatives and increasing synergies between the metal recycling business and the auto parts business.
In the coming weeks, GNPT will be announcing market outlooks and statements regarding plans to initiate new verticals.
GNPT Form 10 Registration Statement includes financial statements of the business, an overview of the markets and industries in which it will operate, details regarding the company's management, and competitive strengths, strategies and risk factors. A copy of the Form 10 is available at:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001577898&owner=include&count=40
GNPT is an Atlanta based company that deals in the global commodity of scrap metals. GNPT is a cleanup company for the United States, focusing primarily on salvaged vehicles, auto parts and reusable scrap to satisfy high demand projects both domestically and globally.
Forward Looking Statement
The contents of this Press Release may be deemed to include forward-looking statements within the meaning of United States securities laws and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are only predictions and you should not rely on them. Actual results might differ materially from those projected in any such forward-looking statements. Forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by the forward-looking statements. We cannot guarantee future results, levels of activity, performance or achievements. In evaluating forward-looking statements you should consider various factors including risks inherent in the scrap metal business sector.
SOURCE Green Parts International, Inc.
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