SOURCE: Green Bridge Industries, Inc.

August 20, 2010 08:15 ET

Green Bridge Industries, Inc. Increases Sales for the Second Quarter by Over 41%

Company Posts 2nd Quarter Ended June 30, 2010 Financials on Pink Sheets

RIDGEWOOD, NJ--(Marketwire - August 20, 2010) -  Green Bridge Industries, Inc. (PINKSHEETS: GRBG) is pleased to announce that the Company has increased its total sales for the second quarter of 2010 by over $18,000. Green Bridge Industries reported total sales of $51,049 for the second quarter ended June 30, 2010 as compared to $36,048 for the first quarter ended March 31, 2010. In February, Green Bridge announced the acquisition of Organic Product Solutions (OPS), a provider of clean technology solutions for the industrial/commercial, household and wastewater market segments. OPS has brought immediate revenue to the Company through its continued relationship with a leading industrial product supplier. OPS has developed a product line of industrial and household cleaning products under the private labeled name Natures Solution™. Coca-Cola Enterprises, Merrill Lynch, Turner Construction Company and the United States Postal Service®, as part of their "green initiative," are using the Natures Solution™ product line.

Green Bridge also reported an increase in its total assets by over $87,000 for the quarter ending June 30, 2010 versus the quarter ending March 31, 2010. The Company reported $2,363,202 in total assets for the quarter ending June 30, 2010 as compared to $2,276,130 in the quarter ending March 31, 2010. The financial statements do not include revenues from the Fusion and BDST acquisitions, in which the Company owns a 50% interest.

Green Bridge announced on March 30, 2010 that the Company has acquired 50% ownership of Fusion Incorporated and BDST Leasing LLC, which in 2009 generated over $2 million in revenue and has assets exceeding $1.2 million. Fusion Incorporated 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. Green Bridge has the option to acquire the remaining 50% of Fusion and BDST for a combination cash and stock.

"We are excited about the progress that Green Bridge has made during the first six months of this year and we look forward to continuing to increase shareholder value through sales and key acquisitions," stated David Gubb, President and CEO of Green Bridge Industries, Inc.

To view Green Bridge Industries, Inc. most recent filings with Pink Sheets, please go to:

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:

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 Information