Green Bridge Technologies International, Inc. Finalizes Purchase of ZAP Industries, Inc. and Green Bridge Institute, LLC
16 Settembre 2010 - 3:42PM
Marketwired
Green Bridge Technologies International, Inc. (PINKSHEETS: GRBT)
announces that the Company has executed the finalized agreement to
purchase 100% of the outstanding shares of ZAP Industries, Inc. and
Green Bridge Institute, LLC, from Green Bridge Industries, Inc.
(PINKSHEETS: GRBG) for $150,000 collateralized by a Convertible
Note. The agreement gives The Company an immediate presence into
Retail Sales and Distribution.
ZAP Industries, Inc. specializes in the Sales and Distribution
of Environmentally friendly cleaning products with their lead
product being the ZAP™ Stain Remover Pen. Recent television spots
featuring the ZAP™ Stain Remover Pen set the stage for placement in
catalog and network shopping outlets. The Green Bridge Institute,
LLC is positioned to enhance the technology development aspects of
the Company through partnerships and funding arrangements.
"With the purchase of ZAP Industries, we will enhance our
position in the market with a self sufficient Retail product line
designed to increase our revenue stream. ZAP Industries will grow
the revenue stream with our own new products in addition to
becoming the exclusive Retail Sales and Distribution partner for
Green Bridge Industries," stated Leonard Baxter, CEO of Green
Bridge Technologies International, Inc. "The addition of the Green
Bridge Institute to our team will give us additional partnerships
and funding arrangements to further develop our VaporTech product
lines and patents."
As a part of the agreement, William White, current President of
ZAP Industries, Inc., and The Green Bridge Institute, LLC, will be
joining the Company in the same positions. His many years of Sales
and Management experience will be a great asset to the Company as
it moves forward into a newly expanded direction and market
segment.
"I am extremely excited about the opportunity ZAP Industries and
The Green Bridge Institute will have to expand in both their
current market segments as well as into newer technology-based
products," stated William White, President of ZAP Industries and
The Green Bridge Institute. "We will immediately begin to search
out additional green products to help expand our current line aimed
at opening new markets and taking advantage of the revenue
opportunities available in today's global green market."
About Green Bridge Technologies International, Inc.:
Green Bridge Technologies International, Inc.
(www.grbtonline.com) is a technology-based company that
concentrates on developing and marketing new products and services,
aimed at improving our world through green technologies. The
Company operates a Technology R&D facility, where the main
project involves their Vapor Technologies Group and its enhanced
muffler design, where vortex technologies are applied to muffler
manufacturing to decrease weights and costs while enhancing
performance. Through its wholly owned subsidiary, Ecologix, the
Company provides integrated vehicle tracking solutions utilizing
its robust software applications.
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.
Contact: Investor Relations 1-810-410-8177
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