Green Bridge Industries Inc (GRBG)

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Green Bridge Industries, Inc. Acquires Organic Product Solutions, Inc.Last update: 2/3/2010 8:15:00

AMSARANAC, Mich., Feb 03, 2010 /PRNewswire via COMTEX/ -- Green Bridge Industries, Inc. (Pink Sheets: GRBG) is pleased to announce that the Company has acquired Organic Product Solutions, Inc. for $100,000 in cash or stock. Organic Product Solutions is a provider of clean technology solutions for the industrial/commercial, household and wastewater segments. As part of the agreement, David Gubb will be appointed as CEO of Green Bridge Industries, while Bill White will remain on the board of directors of the Company, as well as President of ZAP and the Green Bridge Institute. The market size combined of the industrial/commercial and household segments is $20 Billion. Organic Product Solutions has developed a product line of industrial and household cleaning products under the name Natures Solution(TM). This product line is marketed by $1.7 Billion industrial supply company and is their exclusive brand of green-cleaning solutions and includes All Purpose Cleaner, Carpet Cleaner and Deodorizer, Glass Cleaner, Degreaser, Hard Surface Cleaner, amongst others. Natures Solution creates cost effective, "clean-green" products that are environmentally responsible and outperform the dangerous traditional chemical cleaners currently on the market. These products are non-toxic, non-irritating, non-caustic, non-corrosive, non-allergenic, bacteria free, phosphate free and readily biodegradable. Organic Product Solutions is currently manufacturing products for wowgreen International, LLC, with whom Green Bridge Industries has signed an exclusive non-enzyme, based products manufacturing and license agreement. The letter of intent for wowgreen International to acquire majority ownership of Green Bridge Industries has expired. However, Green Bridge Industries intends to continue to honor the license agreement between the Company and wowgreen International. "I am excited about the agreement between Organic Product Solutions and Green Bridge Industries. There is a great opportunity to gain significant market share in the industrial, commercial and household cleaning products industry, especially with our plans to have our product line Green Seal, NSF (USDA), DfE by the EPA, and Kosher Certifications," stated David Gubb, CEO of Green Bridge Industries, Inc. "This is a great day for Green Bridge Industries and its shareholders. The relationship with David Gubb and Organic Product Solutions will allow the Company to focus on the commercial and retail markets. The agreement will also allow Green Bridge Industries to expand its efforts to continue building its ZAP brand," stated William White, Director of Green Bridge Industries, Inc.