Green Bridge Industries, Inc. Signs Letter of Intent to Purchase Eco-Friendly Distiller Shot Spirits Corporation
Acquisition to Bring Immediate Positive Cash Flow to Company
Press Release
Source: Green Bridge Industries, Inc.
On 8:15 am EDT, Wednesday October 14, 2009
Buzz up! 0 Print.Companies:Shot Spirits Corporation
SARANAC, Mich., Oct. 14 /PRNewswire-FirstCall/ -- Green Bridge Industries, Inc. (Pink Sheets: GRBG - News) is pleased to announce that the Company has signed a Letter of Intent to acquire a controlling interest in Shot Spirits Corporation (Pink Sheets: SSPT - News), a distiller and innovator of cocktails and straight spirits, which are packaged by Beverage Pouch Group in eco-friendly, single-shot standup pouches, in exchange for $200,000 in the form of restricted shares of Green Bridge Industries based on $0.013 per share. The acquisition will bring immediate revenue to Green Bridge Industries, where the Company expects to generate $500,000 within the first 60 days of the completion of the acquisition by utilizing Green Bridge Industries extensive distribution network.
Related Quotes
Symbol Price Change
SSPT.PK 0.01 0.00
{"s" : "sspt.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Shot Spirits Corporation, founded in 2002, is a leading distiller and innovator of cocktails and straight spirits. The Company, through their relationship with the Beverage Pouch Group, has revolutionized the single-serve, ready-to-drink alcohol market sector by introducing a single shot of 34 proof flavored cocktails and its 80 proof STR8UP® spirits in a eco-friendly, lightweight, flexible and patented standup pouch, all of which are marketed under the ShotPak® brand. The single shot pouch is an Eco-Smart(TM) alternative package to the PET / glass miniature shot bottles and produces an approximately 50% smaller carbon footprint. For more information on Shot Spirits Corporation and its products, please go to www.shotspiritscorporation.com and www.shotpakinc.com/index2.html.
"Shot Spirits looks forward to being acquired by Green Bridge Industries. We are impressed by the Company's executive team and believe that, with their help, we can become a leader in the industry," stated Bill Marin, President of Shot Spirits Corporation.
"We are excited about the opportunity to acquire Shot Spirits and will aid the company in its sales and marketing efforts. We believe the company is positioned for dramatic growth and the Company already has several contacts in the industry who are interested in carrying the Shot Spirits product line," stated William White, Chairman and CEO of Green Bridge Industries, Inc.
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. For more information on Green Bridge Industries, visit: 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.
Contacts:
Investor Relations
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