Really? Then why did Ali say Wowgreen has become a publically traded company and why did he say as a publically traded company they will now become more transparent?
Posted by: Millenium323 Date: Friday, January 15, 2010 10:24:56 AM In reply to: enzymesarecool who wrote msg# 8111 Post # of 8120
According to the December 14th Conference Call these were some of the reasons presented by Allie Mallad for Wowgreen to purchase GRBG.
"Wowgreen holds a binding signed letter of intent for the acquisition of a publically traded company. What this means is Wowgreen will be acquiring a company by the name of Greenbridge Inc."
"That is correct, we have become a publically traded company much earlier then we ever thought we would do. "
"I am extremely excited because of some of the following benefits:"
1) It allows us to share an opportunity of ownership along with our entire distributor family along with our loyal preffered customers and retail customers. It also educates those in seeing the value of purchasing our stock to become users in the product they invest in and spreading the message of freeing the world of toxic chemicals one household at a time.
2) It gives us immediate DfE compliance.
3) It gives us access to additional technologies that allows us to layer in a 2nd generation of products with superior efficacy.
4) We will be very transparent being a publically traded company and people will be immediately be able to recognize the strength we have and how bright the future will be.
Also in the GRBG PR regarding a licensing agreement with Wowgreen it says Green Bridge will "produce" and "distribute" Wowgreen's non-enzyme based, 2nd generation products..not just "produce"
Green Bridge Industries, Inc. in Final Stages of Signing Licensing Agreement With Wowgreen International, LLC
SARANAC, Mich., Dec 23, 2009 /PRNewswire-FirstCall via COMTEX/ -- Green Bridge Industries, Inc. (Pink Sheets: GRBG) is pleased to announce that the Company is in the final stages of signing a licensing agreement with Wowgreen International, LLC. Through this agreement the Company plans to produce and distribute 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. In addition, due to the holidays, Wowgreen International, LLC plans on finalizing the acquisition of the Company the first week of January, 2010. 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 blend of surfactants that provide a safe, effective and all natural cleaning solution for every household need.
"We are excited about the immediate sales potential the addition of this product brings to the Company," 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.
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.
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
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