Green Bridge Industries, Inc. Substantially Reduces Authorized Common Shares
14 Marzo 2011 - 8:00AM
Marketwired
Green Bridge Industries, Inc. (PINKSHEETS: GRBG) is pleased to
announce that the Company's Board of Directors has approved a
reduction in the number of authorized Common Shares from 2 billion
to 500 million Common Shares. The Board of Directors believe the
current share price is not in line with the value of the Company
and that the reduction of authorized shares will help improve the
share price and increase the overall value of the Company.
The Company believes that the overall value of Green Bridge
Industries has a tremendous upside and wishes to reflect that value
in its stock price. The reduction was filed with the Nevada
Secretary of State. Green Bridge intends to raise additional growth
capital to achieve a share price worthy of a move to a higher
trading arena.
"The Board of Directors decided that a reduction in the number
of authorized shares would have a positive effect on both our share
price and shareholder confidence," stated William White, CEO of
Green Bridge Industries, Inc. "We believe our shareholders will be
more comfortable with a number of authorized shares that is
reflective of our current outstanding."
In Further News, Green Bridge has recently announced the
development of a new line of (even greener) products called EZ
Pak™. EZ Paks™ are concentrated packets which use a water soluble
film to drastically reduce waste and lower our carbon footprint.
Green Bridge Industries will be distributing these cleaners through
its newly formed Green Bridge Products division, which will
specialize in Wholesale Distribution.
About Green Bridge Industries, Inc.:
Green Bridge Industries is a Green Products & Technologies
company. Since the Company's inception, it has grown and thrived in
the area of green cleaners. Green Bridge Industries has plans to
upgrade its current products as well as introduce new product
lines. The first of these is its new EZ PAK™ product line, a
dissolvable packet aimed at lowering our carbon footprint while
still offering superior cleaning performance as compared to
traditional, toxic cleaners. The Company is also actively looking
towards joint venture partnerships and acquisitions in the
alternative energy sector. 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: Green Bridge Industries, Inc.
InvestorRelations@greenbridgeindustries.com
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