Green Bridge Industries, Inc. Signs Letter of Intent to Sell Zap Industries, Inc. and Green Bridge Institute, LLC
31 Agosto 2010 - 7:15AM
Marketwired
Green Bridge Industries, Inc. (PINKSHEETS: GRBG) announces that the
Company has signed a Letter of Intent to sell 100% of the
outstanding shares of Zap Industries, Inc. and Green Bridge
Institute, LLC., to Green Bridge Technologies International, Inc.
in exchange for $150,000 collateralized by a Convertible Note. The
transaction is subject to customary due diligence and execution of
a definitive agreement, which both parties expect to be completed
within the next thirty days.
Green Bridge Technologies International is a technology-based
company that concentrates on developing and marketing new products
and services, aimed at improving our world through green
technologies. The Company operates a Technology R&D facility,
where the main project involves their Vapor Technologies Group and
its enhanced muffler design, where new technologies are applied to
muffler manufacturing to decrease weights and costs while enhancing
performance. ZAP Industries and The Green Bridge Institute will
also join the Company's other wholly owned subsidiary,
Ecologix.
"Although we are selling Zap Industries and Green Bridge
Institute, we will still receive royalties on all commercial sales
and distribution for ZAP products," stated David Gubb, CEO of Green
Bridge Industries, Inc. "With this agreement we will be the
exclusive product supplier for all ZAP products and will be the
exclusive provider for Commercial Sales and Distribution. This sale
allows us to concentrate on our core business while still
benefiting from sales and production revenues for the ZAP
products."
For more information on Green Bridge Technologies International,
please visit: www.gbtintl.com.
About Green Bridge Industries, Inc.:
Green Bridge Industries, Inc. offers non-toxic, environmentally
friendly cleaning products to fit the sanitation needs of the
medical, agricultural, military, and retail markets. The Company,
through its proprietary technology, has the ability to develop
bio-renewable alternative cleaning products, which are superior to
the synthetic products currently offered in the marketplace. The
Company's products are safe for the surfaces it cleans, the
environment, animals and humans. For more information on Green
Bridge Industries, visit: www.greenbridgeindustries.com.
Safe Harbor Act: This release includes forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 that involves
risks and uncertainties including, but not limited to, the impact
of competitive products, the ability to meet customer demand, the
ability to manage growth, acquisitions of technology, equipment, or
human resources, the effect of economic business conditions, and
the ability to attract and retain skilled personnel. The Company is
not obligated to revise or update any forward-looking statements in
order to reflect events or circumstances that may arise after the
date of this release.
Contacts: Green Bridge Industries, Inc.
www.greenbridgeindustries.com Investor Relations 407-389-5900
Green Bridge Industries (CE) (USOTC:GRBG)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Green Bridge Industries (CE) (USOTC:GRBG)
Gráfica de Acción Histórica
De May 2023 a May 2024