PROGREEN is pleased to confirm that AMREFA continues to provide more project funding. This enables the company to pursue further property investments and to increase the scope of the company’s business activities. The company can also see increased interest from various other European funding sources, which is likely to further will improve the company’s ability to capitalize on investment opportunities… Read more →
Progreen News
ProGreen Signs a $3,000,000 Investment MOU with Futura Fastigheter AB
ProGreen signs a $3,000,000 Investment MOU with Futura Fastigheter AB (Sweden). Definitive agreement is expected to be completed within the next 4 weeks with funding before the summer. Read more →
ProGreen completes the sale of its first Single Family Residence to ARG
ProGreen completes the sale of its first Single Family Residence to ARG. The sale of the property closed on March 1, resulting in a turn-around time of just over 5 weeks, which proves that ProGreen is now prepared and ready to expand at a faster pace. Read more →
ProGreen completes refurbishment and lease of its first Single Family Residence
ProGreen completes refurbishment and lease of its first Single Family Residence. After completing a major refurbishment in just three weeks, the property was leased with a two year lease to a suitable tenant. Read more →
ProGreen acquires its first Single Family Residence
ProGreen acquires its first Single Family Residence. This signifies new phase for the company and opens more opportunities. We now have the construction team in place to be able to handle more complicated and bigger refurbishments, often connected with single family homes. Read more →
ProGreen strengthens management
ProGreen strengthens management. David Stock, was recently appointed as Financial Controller in ProGreen. Mr. Stock is a CPA with a Masters in Economics, and initially joins the company working part time, but we expect Mr. Stock to come on board full time within the next few months as Chief Financial Officer. Read more →
American Residential Gap LLC, acquires further property from ProGreen
American Residential Gap LLC, acquires further property from ProGreen. Read more →
American Residential Gap LLC, acquires another property from ProGreen.
American Residential Gap LLC, acquires another property from ProGreen. Read more →
ProGreen Shows Stronger Results
ProGreen Shows Stronger Results for the fiscal year 2012. Revenue for the Year increased 190% to $481,000 compared to $253,000 for 2011. Net loss decreased 65% to ($232,000) from ($661,000) in 2011. Read more →
ProGreen closes the first sale to American Residential Gap LLC .
ProGreen closes the first sale to American Residential Gap LLC . The sale, totaling $384,000, might be relatively insignificant in value, but represents an important beginning of what is expected to be a long term business relationship. Read more →