Birmingham, MI -- (SBWIRE) -- 10/18/2010 -- ProGreen Properties, Inc. (ProGreen), (OTC Bulletin Board:PGEI) http://www.progreenproperties.com, is pleased to announce the launching of the website of its wholly owned subsidiary, ProGreen Realty LLC (Realty), http://www.progreenrealty.com.

"Until now Realty has mainly been engaged in the sale and acquisition of real property for and on behalf of ProGreen. The new website enables Realty to continue to act as the real estate broker for ProGreen, but also provides an introduction of Realty to the public as one of Michigan's newest real estate companies.

We expect Realty to be profitable already during its first year in business," says Jan Telander, President & CEO of ProGreen Properties, Inc.

"We have already received many inquiries about Realty's website. The new website not only functions as the perfect showcase for ProGreen's properties, but also provides a user-friendly tool for visitors to search for other properties in Michigan. The website is designed to provide access to real estate in Michigan and, at the same time, direct potential new business to ProGreen," Says Christina Lombera, Principal Broker of ProGreen Realty LLC.

ABOUT PROGREEN PROPERTIES, INC:
ProGreen Properties, Inc. (ProGreen) (OTC Bulletin Board:PGEI.ob - News) is a young company (2009) based in Birmingham, Michigan. ProGreen is engaged in the business of acquiring, refurbishing and upgrading potential income-producing residential real estate. ProGreen believes that Michigan offers some of the best investment opportunities in the presently distressed US property market.

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.

Contact:
Jan Telander, President & CEO
P: (248) 530-0770
F: (248) 731-7407
info@progreenproperties.com

http://www.progreenproperties.com
http://www.progreenrealty.com.