THE CAVE

[just_an_ant]

IVOT – iVoice Technology Inc – The DD as of 10/28/09

soon to merge its wholly owned subsidiary into itself and change name and trading symbol to

B Green Innovations Inc (effective date November 10th)

Source: http://bgreeninnovations.com/LinkClick.aspx?link=PDF%2fIVOT+Info+stat+defin+1109.pdf&tabid=57&mid=451

Note: Company is fully reporting OTC:BB stock

Present Stock Structure:

Sept 1, 2009

Common A Shares

A/S – 10 billion
O/S – 571,309,870 (May 14,2008 per pinksheet 486,835,870)
Insider – 100,000,000 (approx. around 99,314,000) CEO,Director,iVoice Inc
Float – 471,309,870 (estimate)

Common B Shares

Insiders have what I estimate to be convertible B to A shares for approximately 520,000,000 additional shares if exercised (calculated diluted shares for market cap purposes I’m using 1.1 billion shares)

Source: page 8
http://bgreeninnovations.com/LinkClick.aspx?link=PDF%2fiVoice+Technology+Information+Statement+Definitive+9-29-09.pdf&tabid=57&mid=451


Important Names

Jerome R Mahoney – President and CEO (director since 2004) – Age 49
Frank V Esser – Director (CPA and director since 2005) – Age 69

Important Financing Notes

Debt free per recent PRs
June 30 10-Q – Cash on hand - $315,542
Buyback in place – up to $100,000 (this was increased from $75,000 approved earlier in 2009)

From Letter to Shareholders 9/15/09
http://bgreeninnovations.com/LinkClick.aspx?link=PDF%2fLetter+to+shareholders+bgreen.pdf&tabid=57&mid=451

The Company has instituted a number of actions by removing the ability of holders of convertible debentures and preferred stock to convert these securities into Common Stock thereby eliminating the further dilution of the Common Stock and the shareholders’ position in the Company:

Convertible debentures that the Company previously issued to YA Global Investments LP. (f/k/a Cornell Capital) have been paid in full. The Company no longer owes any monies to YA Global and YA Global can no longer convert the debentures into shares of the Company.

The Company has amended the rights of the holders of its Series A Secured Preferred Stock (“Preferred Stock”) and has removed the right for holders to convert the Preferred Stock into the Company’s Common Stock. The Company has $1.44 million of Preferred Stock issued and outstanding. Additionally, the Company also removed the right for holders of the Preferred Stock to vote their stock as Common Stock.

Products

VibeAway™ & ECOPOD™ Products

Mr. Mahoney: Right now we make two products. The first is called EcoPod. EcoPod is an industrial product, it's a square block, and it's made from pure recycled tires. It's 100% environmentally friendly and a 100% green product. It sits under condensers, compressors, pumps, generators, hot water heaters and furnaces, and it stops them from shaking and vibrating, decreasing the amount of energy the machine uses. In addition, it increases the life cycle of the motor, and also helps to stop oil and Freon from leaking into the environment because it doesn't vibrate as much. The second product that we make is called VibeAway, which has been a tremendous product for us. It's been on the market now for about five months, and it is a consumer-driven residential product that sits under washing machines. It's a recycled tire product, 100% green, 100% environment friendly, and it stops washing machines from vibrating and shaking. There is a huge problem with machines that vibrate and shake, that drive people nuts and walk all over the floor. The VibeAway sits under the four legs of the washing machine and prevents it from moving all over the floor. Moreover, it decreases the amount of energy that the machine uses, increases the life cycle of the motor, helps keep your floor intact and prevents you from getting a headache from having to listen to your machine vibrate. It's also been used for dryers, table saws, freezers and other large applications.

VibeAway has the most demand and appeal right now. The retail price is in the range of $20 to $26 for a set of four.

Patent Filings & Technology Developments:
The Company will continue its research and development to generate new and improved product offerings while strengthening its intellectual property portfolio. Patents filed to date are listed below with five additional filings to follow:

New interlocking paver and patio blocks.
Recycled tire trash cans
Vehicle mud flaps made of recycled tires
Recycled tire pod with appliance recess guide

The Company filed patents for the method of producing composite recycled bottle sheet products made from recycled plastic.
The Company will be filing for several additional patents in the near future.

New Products:

B Green has commenced prototype development for products made from recycled plastic and from compressed flat composite recycled bottle sheets that retain the visible display of the recycled bottles.

Assignment of Assets & Debtor’s Customers:

On May 21, 2009, after filing suit against Atire Technologies, Inc. (“Atire”) for the collection of a $30,000 secured promissory note, the Company entered into a Stipulation of Settlement with Atire, whereby Atire agreed to transfer to the Company all of its rights, title and interest in various assets of Atire (the “Assets”). These assets included various machinery and supplies used in the fabrication of products from recycled tire rubber and the existing customer list of Atire. The Company has valued the machinery and supplies at Eighty Thousand Dollars ($80,000).

Retailers and Distributors:

Distributed to Several Johnstone Supply Locations, a Recognized National Leader in the
HVAC/R wholesale Industry 100% Recycled Anti Vibration Pads Made From Scrap
Tires Will Add More “Green” to Johnstone Supply’s Product Line

http://bgreeninnovations.com/LinkClick.aspx?link=PDF%2fBGREEN-press+releaseJOHNSTONE1.pdf&tabid=57&mid=451
B Green Innovations, Inc. Completes Reseller Agreement With RC Willey, Which Operates 14 Branches in Utah, Idaho, Nevada and California. Note R.C. Willey is owned by the investment giant Warren Buffett of Berkshire Hathaway
http://finance.yahoo.com/news/B-Green-Innovations-Inc-iw-3266311323.html?x=0&.v=1

Per Shareholder letter 9/15 (noted above)

The VibeAway™ is currently being tested and evaluated for distribution by one of the largest big box retailers in the country and also by several of largest manufacturers of washing machines in the world.

B Green with partners nationwide and Canada is selling its “Green” VibeAway™ & ECOPOD™ Products

ARP Supply Corporation (“ARP Supply”) will market and sell the VibeAway™ through its 23 members with over 180 locations nationwide. ARP Supply is an independent group of distributors, cooperatively working with vendors adding value within the supply chain by providing the highest quality products and services to its customers. ARP Supply is currently active in the following industries: appliance, HVAC, motors, plumbing, maintenance, electrical, tools, and refrigeration. ARP Supply was founded in 1979 and has evolved into one of largest buying groups of its kind. Last year, ARP Supply membership combined sales exceeded $500 million.


Sid Harvey Industries, Inc. (“Sid Harvey”) will market and sell ECOPOD™ and VibeAway™ which operates 74 branches from Maine to Maryland, with branches in the Midwest and in the Rocky Mountain region and more than 50,000 SKU items for sale and more than 30,000 customers. Outlets are supplied by a 162,500 sq. ft. central distribution center in Wilkes-Barre, PA. In addition to its supply distribution business, Sid Harvey is also the world’s largest remanufacturer of heating components, operating a 77,000 sq. ft. manufacturing plant in Andrews, SC. .


BrandSource has offered a Special Introductory Price on VibeAway™ to all BrandSource members. BrandSource has over 3,000 locally owned appliance, electronics, bedding, home furnishings and floor covering stores nationwide. BrandSource stores offer all the major brands and is the source for low prices, large selection and personalized service. BrandSource combines the purchases of all member stores which creates $11billion buying power that means customers get the best value every day.


Official Website

http://bgreeninnovations.com/Home.aspx

Final note from 9/15 Shareholder Letter:

All of the milestones referenced above have been accomplished within the past thirteen months. With our rapidly increasing manufacturing capacities, distribution of our products, our 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, I would like to thank you for your continued support.

Sincerely,
Jerry Mahoney
President and Chief Executive Officer

disclosure: i was finally able to get a starter position past 3 days (very rough in getting shares without hitting ask)