China Zhong QI Hldgs. Ltd. (CHZQ)

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iVoice Technology, Inc., d/b/a I Green Innovations, Inc. FilesInformation Statement to Change the Name of the Corporation to BGreen Innovations, Inc. and Will File an Amendment to the Certificateof Incorporation, and Change Trading Symbol

Sep 15, 2009 06:01:18 (ET)


MATAWAN, NJ, Sep 15, 2009 (MARKETWIRE via COMTEX) -- iVoice Technology, Inc. d/b/a I Green Innovations, Inc. (IVOT, Trade ) announced today that it had filed an Information Statement to change the name of the corporation to B Green Innovations, Inc. by filing an amendment to the certificate of incorporation, and change trading symbol. Prior to changing its corporate name to B Green Innovations, Inc., iVoice Technology will merge its wholly owned subsidiary, B Green Innovations, Inc., into itself and thereafter, will adopt the former name of its wholly owned subsidiary, B Green Innovations, Inc.

By combining the companies together we can review various strategic alternatives and are negotiating with several potential candidates about a transaction that would enable B Green to expand its revenue and asset base. B Green is interested in acquisition candidates or product lines in the "Green" space that provide excellent growth potential, are in a viable and stable market segment, and employ a current management team committed to the organization's long-term success.

Jerry Mahoney, President and CEO of iVoice Technology, remarked, "With our rapidly increasing manufacturing capacities, ever increasing distribution of our products, our previously announced stock buy-back program, the Company being debt free and the potential in the market for 'Green' opportunities, we believe the Company is in a great position to deliver on its prospects."