SOURCE: Green Bridge Industries, Inc.

Green Bridge Industries, Inc.

February 03, 2011 18:21 ET

Green Bridge Industries, Inc. Announces Capital Restructuring Initiative

Company Completes Common Stock Consolidation as Part of 2011 Recapitalization Plan

SARANAC, MI--(Marketwire - February 3, 2011) - Green Bridge Industries, Inc. (PINKSHEETS: GRBG) announced today that the Company has completed a capital restructuring initiative as part of a recapitalization plan in order to position itself for growth over the next twelve months. The restructuring involved a common stock consolidation that appears on the OTCBB daily list as of February 3, 2011 with a market effective date of February 4, 2011. As a result of this announcement, the stock symbol will be changed temporarily to GRBGD for a period of 20 business days after February 4, 2011.

The recapitalization plan allows Green Bridge greater flexibility to utilize the assets of the Company in the future for corporate purposes; including raising capital, acquisitions or research and development, with limited dilution of existing stockholder voting rights.

"We believe our restructuring initiative represents a balanced approach to refining the Company's capital structure on behalf of our stockholders, while repositioning Green Bridge for sustainable growth in earnings over the long- term," stated William White, President of Green Bridge Industries, Inc.

Green Bridge Industries recently announced that its Board of Directors has appointed William White as President and sole director of Green Bridge Industries, Inc. simultaneously; the Company's Board of Directors also accepted the resignation of David Gubb from all positions with the Company. This comes as Green Bridge Industries looks to expand into new vertical markets in 2011.

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: http://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.

Contact Information

  • Contact:
    Investor Relations
    1-616-560-3805