SOURCE: Green Bridge Industries, Inc.

August 31, 2010 08:15 ET

Green Bridge Industries, Inc. Signs Letter of Intent to Sell Zap Industries, Inc. and Green Bridge Institute, LLC

Company to Sell Its Two Subsidiaries for $150,000 While Maintaining Exclusive Production and Commercial Sales Rights

RIDGEWOOD, NJ--(Marketwire - August 31, 2010) -  Green Bridge Industries, Inc. (PINKSHEETS: GRBG) announces that the Company has signed a Letter of Intent to sell 100% of the outstanding shares of Zap Industries, Inc. and Green Bridge Institute, LLC., to Green Bridge Technologies International, Inc. in exchange for $150,000 collateralized by a Convertible Note. The transaction is subject to customary due diligence and execution of a definitive agreement, which both parties expect to be completed within the next thirty days.

Green Bridge Technologies International 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 new technologies are applied to muffler manufacturing to decrease weights and costs while enhancing performance. ZAP Industries and The Green Bridge Institute will also join the Company's other wholly owned subsidiary, Ecologix.

"Although we are selling Zap Industries and Green Bridge Institute, we will still receive royalties on all commercial sales and distribution for ZAP products," stated David Gubb, CEO of Green Bridge Industries, Inc. "With this agreement we will be the exclusive product supplier for all ZAP products and will be the exclusive provider for Commercial Sales and Distribution. This sale allows us to concentrate on our core business while still benefiting from sales and production revenues for the ZAP products."

For more information on Green Bridge Technologies International, please visit:

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