SOURCE: B Green

March 04, 2010 08:11 ET

Letter to Shareholders on B Green Innovations, Inc.

MATAWAN, NJ--(Marketwire - March 4, 2010) -  B Green Innovations, Inc. (OTCBB: BGNN) CEO Jerry Mahoney issued the following letter to shareholders:

Dear B Green Innovations Shareholder:

Over the past few weeks, many of you have contacted the company for an update on our progress. B Green Innovations, Inc. ("B 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. 

Update Sales & Marketing:

The VibeAway® is currently being tested and evaluated for distribution by one of the largest big box retailers in the country and by one of the largest television shopping networks in the world.

B Green Innovations, Inc. and MEGA Group USA 1500 Members (2300 Store Fronts) Create A Special Introductory On "VibeAway®" To All MEGA Group USA Members.

B Green Innovations, Inc. and HANNA RUBBER COMPANY a recognized leader in rubber Industry will distribute its "ECOPOD®" Anti Vibration Pads made from 100% recycled tires.

B Green Innovations, Inc. has instituted free shipping on its VibeAway® Anti Vibration Pads for Washing Machines from its website, which has increase our internet sales.

Partners and Re-sellers are given a free counter top display with the first case of VibeAway® they order, the display sits on top of a washing machine in the retail store to show the benefits of VibeAway®, go to http://bgreeninnovations.com/RecycledTireProducts/VibeAway.aspx to view the display.

B Green Innovations, Inc. signed a distribution agreement with Whirlpool Corporation to sell VibeAway®, an anti-vibration pad made from 100% recycled tires. Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales of approximately $19 billion, which continues to build our distribution network.

Visit http://bgreeninnovations.com/Partners.aspx to see our vast growing partner network.

B Green Innovations Financing:

The Company has instituted a number of actions by removing the ability of holders of convertible debentures and preferred stock to convert these securities into Common Stock thereby eliminating the further dilution of the Common Stock and the shareholders' position in the Company:

  • B Green received $232,491 From Sale of New Jersey State Net Operating Losses for the year ending December 31, 2008. The company didn't obtain the funding through bank loans or equity financing. Instead, B Green sold some of its net operating losses (NOLs) to another New Jersey business.

Patent Filings & Technology Developments:

The Company will continue its research and development to generate new and improved product offerings while strengthening its intellectual property portfolio. The company has filed 2 new patents and plans to file additional patents in the near future.

B Green filed an additional patent for green technology intellectual property related to products made from recycled plastic, embedded container recycled sheet baskets.

New Products:

With growing potential in the market for "Green" opportunities, we believe the Company is in a great position to deliver on its prospects. I would like to thank you for your continued support.

Sincerely,

Jerry Mahoney
President and Chief Executive Officer

Certain information included in this letter to shareholders, 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:

http://www.bgreeninnovations.com/

Contact Information

  • Contact:
    Dolores Serafin
    732-696-9333