|By Marketwired .||
|March 17, 2014 08:15 AM EDT||
BIRMINGHAM, MI -- (Marketwired) -- 03/17/14 -- ProGreen Properties Inc. (ProGreen) (OTCQB: PGEI), www.progreenproperties.com, is pleased to announce that Michael Hylander has joined the Board of Directors as of March 14, 2014. Mr. Hylander, who speaks five languages, brings a huge experience and knowledge to the Board from a very impressive international background. He has a degree in Business Administration from the University of Stockholm and a MBA from INSEAD in Fontainebleau (France). He started working in Sweden at SEB (one of the largest banks in Sweden), and then moved to Mexico City where he worked with AEROFLETES INTERNACIONALES S.A. (freight services) as Sales Director. He moved back to Stockholm joining A. JOHNSON & CO HAB in the Financial Department before moving back to South America, joining AXEL JOHNSON ANDINA S.A. (a subsidiary of Axel Johnson & Co) for two years in Sales and Marketing of Industrial Equipment. Mr. Hylander then moved to Spain as Export Manager for COM S.A. (DE SMEET GROUP) where he remained for two years before taking his MBA and then joining J.P MORGAN as Vice President and Director of MORGAN GESTION S.A., Head of Private Banking in Madrid, for six years. Mr. Hylander has since been a General Manager and Partner of Repco S.L., as representative in Spain and Portugal of several international manufacturers of processing and packing machinery for the food industry. Michael resides in Madrid.
About ProGreen Properties, Inc.
ProGreen Properties, Inc. (ProGreen) (OTCQB: PGEI) based in Birmingham, Michigan is engaged in the business of acquiring, refurbishing and upgrading residential real estate into modern affordable homes, with some being aimed at the local real estate market and some which are leased and subsequently sold to European Property Investors.
ProGreen believes that Michigan offers some of the best investment opportunities in the US residential property market.
ProGreen Realty LLC, a wholly owned subsidiary to ProGreen, is responsible for all purchasing, leasing and sale of properties.
ProGreen Property Management LLC, a wholly owned subsidiary to ProGreen, maintains management of all properties sold to investors.
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.