SOURCE: I Green Innovations

September 29, 2009 06:02 ET

i Voice Technology, Inc. Company Interview: Jerome R. Mahoney on B Green Innovations, Inc.

MATAWAN, NJ--(Marketwire - September 29, 2009) - B GREEN INNOVATIONS, Inc. (OTCBB: IVOT), a wholly owned subsidiary of I Green Innovations, Inc., announced today The Wall Street Transcript has just published its Alternative Energy/Clean Energy/Power Generation/Utilities report offering a timely review of the sector to serious investors and industry executives. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

TWST: Let's start with a brief history of B Green Innovations?

Mr. Mahoney: B Green Innovations is a wholly owned subsidiary of I Green Innovations and the ticker symbol that's on the Bulletin Board is IVOT. Basically, we started out initially in software in I Green Innovations and, over the last 13 months we've moved into making products from recycled tires. Our go-green mission from its inception is to create a green company for the development of solutions to eliminate waste from the environment. We offer the consumer a realistic and necessary solution to the problem of recycled tires and tire waste around the world. We want to have a true impact on the planet and, we're committed to getting rid of the environmental waste from recycled tires.

TWST: Would you tell us which products you actually have in commercial production at this time?

Mr. Mahoney: Right now we make two products. The first is called EcoPod. EcoPod is an industrial product, it's a square block, and it's made from pure recycled tires. It's 100% environmentally friendly and a 100% green product. It sits under condensers, compressors, pumps, generators, hot water heaters and furnaces, and it stops them from shaking and vibrating, decreasing the amount of energy the machine uses. In addition, it increases the life cycle of the motor, and also helps to stop oil and Freon from leaking into the environment because it doesn't vibrate as much. The second product that we make is called VibeAway, which has been a tremendous product for us. It's been on the market now for about five months, and it is a consumer-driven residential product that sits under washing machines. It's a recycled tire product, 100% green, 100% environment friendly, and it stops washing machines from vibrating and shaking. There is a huge problem with machines that vibrate and shake, that drive people nuts and walk all over the floor. The VibeAway sits under the four legs of the washing machine and prevents it from moving all over the floor. Moreover, it decreases the amount of energy that the machine uses, increases the life cycle of the motor, helps keep your floor intact and prevents you from getting a headache from having to listen to your machine vibrate. It's also been used for dryers, table saws, freezers and other large applications.

TWST: Are the adverse economic conditions having any impact on your end market at all?

Mr. Mahoney: The VibeAway product is relatively new to the marketplace, and it's a pretty exciting product. We haven't seen the economic recession affect us at all because there are a number of people out there that have a large problem with shaking and walking washing machines. Several months ago, Consumer Reports did a large blog on this, where they listed all the washing machines and manufacturers, and all the related problems. So again, we haven't been adversely affected by the economic recession, although that may happen later on. What we do know is that the product is a green one, helping to solve a live issue, and it has been good for us.

TWST: Which end product has the most demand and attraction -- would that be the EcoPod or VibeAway?

Mr. Mahoney: The VibeAway has the most demand and appeal right now. That's where we've gotten the most bang for our buck. It has been tested and evaluated for distribution by some of the major retail box companies and also by several large washing machine manufacturers. Within five months we've gotten partners throughout the United States, and we also have distribution outlets in Canada. So the product has been extremely well accepted in the marketplace. The retail price is in the range of $20 to $26 for a set of four. So it's also got a good retail price.

TWST: How freely are the tires available to process?

Mr. Mahoney: There are over 290 million that are discarded annually, so there's plenty of tires available to us. Everything is manufactured here in the United States. We own the technology and equipment, and we outsource the manufacturing end of it.

The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.

About B Green Innovations:

The B Green Innovations, Inc. ("B Green"), a wholly owned subsidiary of I Green, "Go Green" mission from its inception, is to create a "Green" company for the development of solutions to eliminate waste from the world's environment. B Green offers consumers a realistic and necessary solution to the problem of waste around the world. We believe that to truly have an impact on the planet, one must be committed to the environment and seek out environmentally friendly products.

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.

For more information on I Green Innovations, please visit

http://www.bgreeninnovations.com/

Contact Information

  • Contact:
    Dolores Serafin
    732-696-9333