SOURCE: I Green Innovations

June 09, 2009 06:05 ET

I GREEN INNOVATIONS Is Assigned the Assets of Atire Technologies, Including Various Machinery and Supplies Used in the Manufacturing of Products Made From Recycled Tire Rubber

B Green Innovations, Inc. Continues to Attract Re-Sellers, Now With Partners Nationwide and Canada Selling Its "Green" VibeAway™ & ECOPOD™ Products; "Recycling the Planet One Product at a Time"

MATAWAN, NJ--(Marketwire - June 9, 2009) - iVoice Technology, Inc., d/b/a I GREEN INNOVATIONS, Inc. (OTCBB: IVOT) announced that on May 21, 2009, after filing suit against Atire Technologies, Inc. ("Atire") for the collection of a $30,000 secured promissory note, the Company entered into a Stipulation of Settlement with Atire, whereby Atire agreed to transfer to the Company all of its rights, title and interest in various assets of Atire (the "Assets"). These assets include various machinery and supplies used in the fabrication of products from recycled tire rubber. The Company has valued these acquired assets at Eighty Thousand Dollars ($80,000).

Jerry Mahoney, Chairman of I Green Innovations, said, "With our rapidly increasing manufacturing capacities, distribution of our products, our stock buy-back program, and the potential in the market for 'Green' opportunities, we believe the Company is in a great position to deliver on its prospects. We are excited about the future, and look forward to making additional announcements on further developments in the coming weeks."

About B Green Innovations:

B Green Innovations, Inc. ("B Green"), a wholly owned subsidiary of I Green Innovations, a Matawan, New Jersey-based corporation, is dedicated to becoming a "Green" technology company, focused on acquiring and identifying promising technologies that address environmental issues. The first technology will be used to create new products from recycled tire rubber. Recently, we announced that we had filed a new patent application for a process it described as "paver blocks and patio blocks made from recycled tire crumb rubber." B Green Innovations, Inc. has also filed 3 additional patent applications on products using 100% recycled tires.

Certain information included in this press release may contain forward-looking statements about our current and expected performance trends, growth plans, business goals and other matters. These statements may be contained in our filings with the Securities and Exchange Commission, in our press releases, in other written communications, and in oral statements made by or with the approval of one of our authorized officers. Information set forth in this press release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

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    Dolores Serafin