Green Bridge Industries, Inc. Announces Capital Restructuring Initiative
03 Febrero 2011 - 5:20PM
Marketwired
Green Bridge Industries, Inc. (PINKSHEETS: GRBG) announced today
that the Company has completed a capital restructuring initiative
as part of a recapitalization plan in order to position itself for
growth over the next twelve months. The restructuring involved a
common stock consolidation that appears on the OTCBB daily list as
of February 3, 2011 with a market effective date of February 4,
2011. As a result of this announcement, the stock symbol will be
changed temporarily to GRBGD for a period of 20 business days after
February 4, 2011.
The recapitalization plan allows Green Bridge greater
flexibility to utilize the assets of the Company in the future for
corporate purposes; including raising capital, acquisitions or
research and development, with limited dilution of existing
stockholder voting rights.
"We believe our restructuring initiative represents a balanced
approach to refining the Company's capital structure on behalf of
our stockholders, while repositioning Green Bridge for sustainable
growth in earnings over the long- term," stated William White,
President of Green Bridge Industries, Inc.
Green Bridge Industries recently announced that its Board of
Directors has appointed William White as President and sole
director of Green Bridge Industries, Inc. simultaneously; the
Company's Board of Directors also accepted the resignation of David
Gubb from all positions with the Company. This comes as Green
Bridge Industries looks to expand into new vertical markets in
2011.
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:
http://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.
Contact: Investor Relations 1-616-560-3805
Green Bridge Industries (CE) (USOTC:GRBG)
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