Green Bridge Industries, Inc. to Issue $2.5 Million Stock Dividend to Shareholders of Record as of Wednesday, September 30, 2009
SARANAC, Mich., Sept. 28 /PRNewswire-FirstCall/ -- Green Bridge Industries, Inc.'s (OTC PK: GRBG) Board of Directors has approved a $2.5 Million common stock dividend for shareholders of record as of this Wednesday, September 30, 2009. As previously announced, Green Bridge Industries shareholders will receive one share of Green Bridge Technologies International, Inc. (OTC PK: GRBT) stock for every 20 shares they own of Green Bridge Industries Stock as of the Record Date. Green Bridge Technologies International is currently trading at approximately
Green Bridge Industries, Inc. recently announced that the Company completed the sale of its wholly owned subsidiary, Vapor Technologies, Inc., to Green Bridge Technologies, Inc. in exchange for $5 Million of restricted shares in Green Bridge Technologies, Inc. The $2.5 million dollar dividend will allow the Company to reward its shareholders while maintaining $2.5 million worth of stock on its Balance Sheet.
Vapor Technologies, Inc. is developing a cutting edge vapor technology that allows engines to operate more efficiently, resulting in increased fuel efficiency and reduced fossil fuel consumption. Vapor Technologies process lowers the carbon footprint and does not require excessive heating of the fuel to function. Vapor Technologies expects to have a working prototype of its technology within three to six months time.
"This dividend is to thank our shareholders for their loyalty, as Green Bridge Industries continues to fulfill its business strategy," stated William White, Chairman and CEO of Green Bridge Industries, Inc.
About Green Bridge Technologies International, Inc.:
Green Bridge Technologies International, Inc. is a technology-based company that concentrates on developing and marketing new energy efficient products and services. The Company operates an incubator facility and works with inventors and early stage development companies that have technologies that will help reduce US energy needs. Through its wholly owned subsidiary, the Company provides solutions for vehicle and asset recovery and tracking. The tracking technology product line has applications for data and tracking functions across a variety of industries, utilizing CDMA, IDEN, and GSM technologies.
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.
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.
Investor Relations
www.greenbridgeindustries.com
407-389-5900
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