InvestorsHub Logo
Post# of 1422
Next 10
Followers 85
Posts 7066
Boards Moderated 0
Alias Born 05/22/2008

Re: None

Wednesday, 10/14/2009 9:21:46 AM

Wednesday, October 14, 2009 9:21:46 AM

Post# of 1422
GRBG NEWS

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

SARANAC, Mich., Oct. 14 /PRNewswire-FirstCall/ -- Green Bridge Industries, Inc. (Pink Sheets: GRBG) 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), 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.

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(R) 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 http://www.shotspiritscorporation.com/ and http://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.



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.