SARANAC, Mich., Jan 19, 2010 /PRNewswire via COMTEX/ -- Green Bridge
Industries, Inc. (Pink Sheets: GRBG) is pleased to announce that the Company has
signed an exclusive 3 year licensing agreement with wowgreen International, LLC
on January 15, 2010. Through this agreement the Company plans to produce and
market wowgreen's non-enzyme based, 2nd generation products. wowgreen currently
has twelve safe, effective, all-natural, cleaning products which include laundry
detergent, dishwasher detergent, and hand dish soap, amongst others.
As part of the agreement, Green Bridge Industries will become the exclusive
manufacturer of select wowgreen Products; Stain Remover Pen, Floor Cleaner, All
Purpose Cleaner, Wood and Dust Cleaner, Tile and Bath Cleaner, Carpet and
Upholstery Cleaner, Fabric Pre-Wash, Air Freshener, and Toilet Bowl Cleaner on
the Consumer side. Additionally Green Bridge will also become the exclusive
manufacturer for the Commercial Division with the following offerings;
Industrial Degreaser, Odor Eliminator, Carpet & Upholstery Cleaner, All Purpose
Cleaner, Wood and Dust Cleaner, Glass & Stainless Steel Cleaner, Toilet and Bath
Cleaner, and Floor Cleaner. Green Bridge Industries will pay wowgreen $250,000
for the rights to manufacture and source these as well as other new products.
wowgreen International, LLC is the provider of safe, green household cleaners
that are sold and distributed to consumers through a channel of independent
distributors. The company's mission is to free the world of toxic chemicals, one
household at a time. wowgreen's products are manufactured from a proprietary
formula that provides a safe, effective and all natural cleaning solution for
every household need.
"We are excited to have consummated our licensing agreement with wowgreen. The
addition of the wowgreen products offers us an immediate opportunity to increase
our sales revenues," stated William White, Chairman and CEO of Green Bridge
Industries, Inc.
The Company recently announced that wowgreen International, LLC had 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. The two companies are currently in
discussions to finalize the terms of the agreement.
For more information about wowgreen International, LLC, please visit:
www.wowgreen.net.
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.
