NEWSGreen Bridge Technologies International, Inc. Completes Reduction in Authorized Shares PR Newswire "US Press Releases "
LINDEN, Mich. , Oct. 8 /PRNewswire-FirstCall/ -- Green Bridge Technologies International, Inc. (Pink Sheets: GRBT), is pleased to announce that the Company's submittal to the State of Florida to amend its Articles of Incorporation reducing the Company's number of authorized common shares from 10 billion to 975 million common shares has been approved.
The Board of Directors believe that 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's shareholders consented to this reduction.
"The Board of Directors decided that a reduction in the number of authorized shares would have a positive effect on shareholder confidence. We believe our shareholders will be more comfortable with a number of authorized shares that better reflects our current outstanding," stated Leonard Baxter , CEO and President of Green Bridge Technologies International, 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, through its three divisions. The Company operates a Technology Incubator facility and works with inventors and early stage development companies that have technologies that will help reduce US energy needs. The Company's wholly owned subsidiary Vapor Technologies, Inc. develops fuel efficient technologies. The Company's Government Services Division assists its clients in the approval process for products to become eligible for listing on the U.S. General Services Administration (GSA) Schedule and GSA Advantage, as well as marketing these products to various sectors of the government. Through its wholly owned subsidiary, Ecologix, 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.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Contact: Investor Relations Big Apple Consulting USA, Inc. 1-407-389-5900
SOURCE Green Bridge Technologies International, Inc.
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