Green Bridge Industries Inc (GRBG)

[Millenium323]

Green Bridge Industries, Inc. Signs Letter of Intent to Acquire Dynamic Cleaning Product Manufacturer Generating Over $2 Million in Revenue
PR Newswire

RIDGEWOOD, N.J., March 19 /PRNewswire-FirstCall/ --

Green Bridge Industries, Inc. (Pink Sheets: GRBG) is pleased to announce that the Company has signed a letter of intent to acquire 50% ownership of Fusion, Inc. and BDST Leasing, Inc. which in 2009 generated over $2 million in revenue and has assets exceeding $1.2 million. As part of the definitive agreement Green Bridge Industries will acquire 50% of the shares of both Fusion and BDST in exchange for $550,000, payable in $450,000 of preferred stock in Green Bridge Industries, Inc. and $100,000 in cash. Both sides expect the definitive agreement to be finalized within the next 30 days during which the due diligence will be completed.

Fusion, Inc. concentrates on producing a variety of cleaning brushes and sponge mops for OEM companies who market them as part of their product line. The company produces its brushes for Rubbermaid®, O'Cedar, Resolve, Kiwi, amongst others. Fusion is now producing high quality, innovative and creative heat bonded products in its high tech 50,000 square foot facility. For the past 14 years, Fusion has put an emphasis on new technologies and imaginative designs for the growing green marketplace. The company continues to look at the future of brush making and cleaning products with customer service and satisfaction as its number one priority.

Fusion, Inc. was created to meet custom brush requirements for OEM companies around the world by using the fusion technology. Each product Fusion produces receives a personal quality inspection and must pass a series of strict internal tests which far exceed the industry standard. This makes Fusion, Inc. unequaled in quality assurance.

BDST Leasing, Inc. has been established for 14 years and serves as a leasing company primarily dealing in real estate property and equipment leasing. BDST currently has an exclusive relationship with Fusion, Inc. to whom it leases the property, a 50,000 square foot manufacturing facility and the production equipment.

"We are excited to acquire both of these innovative companies that have such an extensive customer base," stated David Gubb, CEO of Green Bridge Industries, Inc. "This is a great opportunity for us to expand our market share, quickly generate new sales revenue as well as increasing our asset base by over 50 percent. The synergies between our current businesses product offerings will only make each company stronger and more profitable."

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: http://www.greenbridgeindustries.com/.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contacts:

Green Bridge Industries, Inc.

www.greenbridgeindustries.com

Investor Relations

407-389-5900

SOURCE Green Bridge Industries, Inc.