SOURCE: Green Bridge Industries, Inc.

March 10, 2011 09:25 ET

Green Bridge Industries, Inc. Acquires Ten Percent of Team Energy, Inc.

SARANAC, MI--(Marketwire - March 10, 2011) - Green Bridge Industries, Inc. (PINKSHEETS: GRBG) is pleased to announce that the Company now holds a ten percent interest of the private Florida based corporation, Team Energy, Inc. The purchase price of $400,000 will be paid in the form of 4,000,000 shares of restricted common stock in Green Bridge Industries based on $0.10 per share. According to the terms of the agreement, Green Bridge will have the option to purchase the remaining equity stake in Team Energy for future cash consideration.

Team Energy, Inc. has been chosen as one of the inaugural businesses to set up an office at the brand new University of Central Florida Business Incubator in St. Cloud, Florida. The goal of the UCF Business Incubation Program and its community partners is to facilitate smarter, faster startup and growth of emerging companies so those companies will become financially successful, high growth companies in the community. Team Energy is projected to generate an EBITDA of $3,635,180 in 2012 and total revenue of $4,320,000. The Company also projects an EBITDA of $43,551,800 and total revenue of $50,400,000 by 2016.

The Company is a seasoned developer of Supply Side Power projects. Team Energy's Core Management has over 75 years of successful power project development, design/build, ownership, operation and finance of power facilities (public and private) in the United States, Canada and Internationally. Team Energy is a multi-disciplined Energy Service Company (ESCO) which focuses on providing Commercial and Industrial customers' performance based contracts through the delivery of Power Purchase Agreements. Team Energy thrives on engineering the correct combination of "smart" technologies, an end result of lowering its customer's energy loads and improving processes without investment of capital.

"We are excited to welcome Green Bridge Industries as a new investor. We believe that through their network, Team Energy will be positioned for dramatic growth," stated Don Wood, CEO of Team Energy, Inc.

"This acquisition immediately enables Green Bridge Industries to enter various vertical markets," stated William White, Chairman and CEO of Green Bridge Industries, Inc. "The experience both teams bring together positions the Company for tremendous growth throughout 2011."

Green Bridge recently announced that it has launched an aggressive merger and acquisition campaign in order to expand its presence in the multi-billion dollar "green" industry. In addition to building its EZ Pak™ product line, Green Bridge Industries is in the process of evaluating acquisition candidates that have a unique technology or product that can quickly add value to the Company's business model and corporate philosophy.

To learn more about Team Energy, Inc., please visit:

About Green Bridge Industries, Inc.:
Green Bridge Industries is a Green Products & Technologies company. Since the Company's inception, it has grown and thrived in the area of green cleaners. Green Bridge Industries has plans to upgrade its current products as well as introduce new product lines. The first of these is its new EZ PAK™ product line, a dissolvable packet aimed at lowering our carbon footprint while still offering superior cleaning performance as compared to traditional, toxic cleaners. The Company is also actively looking towards joint venture partnerships and acquisitions in the alternative energy sector. 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.

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