GRBT NEWS!!!!- Green Bridge Technologies International, Inc. (PINKSHEETS: GRBT) is pleased to announce that the Company now holds a fifty percent interest in King of the Grill, Inc., a fast casual restaurant and caterer based in Lansing, Michigan. The Company completed this acquisition as part of its previously announced diversification of its overall business strategy.
King of the Grill specializes in Texas style smoked barbeque featuring brisket, pulled pork and chicken. They currently have one restaurant location which opened in July of this year, and have had steadily increasing sales with reported September Revenues of just over $49,000. They also run a mobile catering service, and with retail demand growing, King of the Grill is planning on opening a commercial kitchen and wholesale distribution location by the 1st Quarter of 2012.
"We are excited about the acquisition of King of the Grill. Their expansion plans and current revenues give the Company an immediate increase to its 2011 bottom line,'' stated Daniel Fleming, CEO of Green Bridge Technologies International, Inc. "And with especially strong growth projections for 2012, it assures our shareholders a stable yet growing base."
About Green Bridge Technologies International, Inc.:
Green Bridge Technologies International, Inc. (www.grbtonline.com) 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 projects involve their Vapor Technologies Group.
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 Technologies International, Inc.
InvestorRelations@grbtonline.com
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