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Monday, December 07, 2009 2:14:58 PM
SARANAC, Mich., Nov. 19 /PRNewswire-FirstCall/ -- Green Bridge Industries, Inc. (Pink Sheets: GRBG) is pleased to announce that the Company reported a 306 percent increase in total assets for the quarter ending September 30, 2009 versus the previous quarter ending June 30, 2009. The Company reported $1,205,886 in total assets for the quarter ending September 30, 2009 as compared to $296,760 in the prior quarter, which was attributed to an aggressive merger and acquisition campaign in the multi-billion dollar "green" industry focusing on environmentally friendly products, media related assets and technologies.
In August, Green Bridge Industries acquired Trak-IT, Inc., a fast growing software development company, whose focus is developing its GPS based management software platform that connects with mobile devices and acts as a central location for storing and reporting data. In addition, the Company announced that it acquired Vapor Technologies, Inc., a firm focused on the improvement of combustion efficiencies. Later in the third quarter, Green Bridge Industries completed an agreement with Green Bridge Technologies International, Inc. (OTC PK: GRBT) to sell Vapor Technologies, Inc. in return for $5 Million in restricted shares in Green Bridge Technologies International, Inc. The Company has also been making a major sales and marketing push to retailers across the country for its ZAP(TM) Stain Remover Pen. Recently, the Company launched its e-commerce Website where consumers can now purchase the ZAP(TM) Stain Remover Pen directly. From this base, Green Bridge Industries will soon be able to launch into the fundraising portion of the Website, ZAPFUNDZ(TM), where organizations of all kinds have the opportunity to use Green Bridge products for their funding needs.
"We are excited about the progress that Green Bridge Industries has made during the third quarter and we look forward to increasing shareholder value as we continue to fulfill our business plan," stated William White, Chairman and CEO of Green Bridge Industries, Inc.
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