SOURCE: Green Bridge Industries, Inc.

May 17, 2010 16:30 ET

Green Bridge Industries, Inc. Terminates Licensing Agreement With SpongeTech Delivery Systems, Inc.

RIDGEWOOD, NJ--(Marketwire - May 17, 2010) -  Green Bridge Industries, Inc. (PINKSHEETS: GRBG) announced that the Company has terminated its licensing agreement with SpongeTech Delivery Systems, Inc. dated July 14, 2009.

Green Bridge's focus over the next 12 months is to strengthen the Company's market share in the multi-billion dollar "green" industry with a focus on acquiring environmentally friendly products, media related assets and technologies. Green Bridge is implementing several strategies to accomplish this goal. The Company is working towards the national launch of its product lines as it continues to strengthen its distribution channels. In addition, Green Bridge has plans to continue building market awareness for the Company and its products, attracting key employees and building its sales and distribution network.

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