Friday, January 08, 2010 1:29:00 PM
From the Dec 14th PR
SARANAC, Mich., Dec. 14 /PRNewswire-FirstCall/ --
Green Bridge Industries, Inc. (Pink Sheets: GRBG) announced that Wowgreen International, LLC has signed a binding letter of intent with Green Bridge Industries to acquire majority control of the Company for an undisclosed amount, which is to be paid in a combination of cash and stock over time. As part of the definitive agreement, which will be executed within the next ten days, Allie T. Mallad will become the sole director and chief executive officer of Green Bridge Industries, Inc.
Acquiring majority control for cash and stock...majority control of this company can be had by buying 51% or more of the preferreds from Bill...commons will likely get nothing...
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