INCRESSED SHARES BY 5 BILLION WHEN THEY SAID THEY REDUCED BY 10 BILLION LEAVES 5 BILLION MORE TO DUMP..!!!Green Bridge Technologies International, Inc. Substantially Reduces Authorized Common Shares
Green Bridge Tech (USOTC:GRBT)
Historical Stock Chart
2 Years : May 2009 to May 2011
Green Bridge Technologies International, Inc. (Pink Sheets: GRBT), is pleased to announce that the Company's Board of Directors has approved a reduction in the number of authorized common shares from 10 billion to 975 million common shares. The Board then submitted a resolution to the shareholders to amend the Articles of Incorporation to reflect this reduction and a majority of shareholders voted for this resolution. The Company is currently applying to the state of Florida to effect this change.
The Board of Directors believe the current share price is not in line with the value of the Company and that the reduction of authorized shares will help improve the share price and increase the overall value of the Company.
"The Board of Directors decided that a reduction in the number of authorized shares would have a positive effect on both our share price and shareholder confidence. We believe our shareholders will be more comfortable with a number of authorized shares that better reflects our current outstanding," stated Leonard Baxter, CEO and President of Green Bridge Technologies International, Inc.
About Green Bridge Technologies International, Inc.:
Green Bridge Technologies International, Inc. is a technology based company that concentrates on developing and marketing new energy efficient products and services. The Company operates an incubator facility and works with inventors and early stage development companies that have technologies that will help reduce US energy needs. Through its wholly owned subsidiary Ecologix, the Company provides solutions for vehicle and asset recovery and tracking. The tracking technology product line has applications for data and tracking functions across a variety of industries, utilizing CDMA, IDEN, and GSM technologies.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
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DATASOURCE: Green Bridge Technologies International, Inc.
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