SOURCE: Green Bridge Tech

August 19, 2011 13:05 ET

Green Bridge Technologies International, Inc. Announces Sale of Vortex Technology Patent Rights

LINDEN, MI--(Marketwire - Aug 19, 2011) - Green Bridge Technologies International, Inc. (PINKSHEETS: GRBT) is pleased to announce that the Company has sold the rights to the Company's Patent Pending Encapsulated Vortex Technology (EVT). This technology was developed by the Company's VaporTech division and has a number of practical applications in many industries. EVT is the base technology used in the vortex muffler design. The company has also recently completed a consulting contract for continued vortex muffler development.

"As a developer of unique technologies, the Company is very pleased to have one of our technologies reach the stage where it is commercially viable and able to be sold to a company that is focused on the final stages of bringing products to market," stated Leonard Baxter, CEO and President of Green Bridge Technologies International, Inc. "The Company has worked very closely with the licensee in preparation to take the technology to the next level."

Proceeds from the patent sale will be used to reduce debt and set the stage for a new company direction. The company is currently evaluating a proposal that has potential to provide ongoing revenue and provide support for further technology development.

About Green Bridge Technologies International, Inc.:

Green Bridge Technologies International, Inc. (www.grbtonline.com) 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 projects involve their Vapor Technologies Group.

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:
    Green Bridge Technologies International, Inc.
    Investor Relations
    1-810-410-8177