Daily News

View All News

Green Planet sells staffing business

December 23 2013

Green Planet Group Inc. sold its staffing business, which operates under the Lumea brand, to Easten Services LLC effective Dec. 15. Easten paid a nominal fee of $100 in the deal, but the staffing business’ liabilities include a $7.7 million debt to the Internal Revenue Service.

“The completion of this transaction is an important step in our ongoing reorganization plan,” said Green Planet President and CEO Edmond Lonergan. “It allows Green Planet Group to concentrate on our original mission to become a world leader in green technology. The positive impact on our financial position is so significant that we believe our ability to attract new investment has improved greatly. In addition, the company now has the ability to rebuild its management team by attracting experienced, qualified executives. This effort has just begun and we expect to announce additions to our team shortly.”


Add New Comment

Post comment

NOTE: Links will not be clickable.
Security text:*