SOURCE: Green Bridge Technologies International, Inc.

October 13, 2010 11:57 ET

Green Bridge Technologies International, Inc. Finalizes Sale of the Ecologix Division

Company Sells GPS Division in Conjunction With New Business Direction

LINDEN, MI--(Marketwire - October 13, 2010) -  Green Bridge Technologies International, Inc., (PINKSHEETS: GRBT) announces that the Company has executed the finalized agreement to sell 100% of the outstanding shares of their Ecologix GPS Division to WatchIt Technologies (WTCT) for an undisclosed amount of cash collateralized by a convertible note. Ecologix is a GPS (Global Positioning System) hardware and software company which specializes in custom applications of GPS software with a wide variety of customers.

"Over the last 15 months we have reinvested the Ecologix revenue stream into further developing the GPS business and now the sale of Ecologix is a key element of the launch of our new business model. Our resources will continue to focus on green technology development supported by a significant thrust in sales and marketing of environmentally friendly retail items which generate multiple return sales," stated Leonard Baxter, CEO of Green Bridge Technologies International, Inc. "We feel this retail focus along with the further development and marketing of our VaporTech product lines and patents will enhance shareholder value and drive profits to the bottom line."

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 project involves their Vapor Technologies Group and its enhanced muffler design, where vortex technologies are applied to muffler manufacturing to decrease weights and costs while enhancing performance. The Zap Industries division provides environmentally friendly cleaning products to both the retail and commercial markets.

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