SOURCE: B Green Innovations, Inc.

May 17, 2011 08:55 ET

Letter to Shareholders on B Green Innovations, Inc.

MATAWAN, NJ--(Marketwire - May 17, 2011) - B Green Innovations, Inc. (OTCBB: BGNN) CEO Jerry Mahoney issued the following letter to shareholders:

Dear B Green Innovations Shareholder:

This shareholder update reviews our recent accomplishments and the future outlook of its business. The shareholder update letter is included below. 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® has been chosen for a trial for sale in over 48 stores by a major nationwide chain of retail stores with over 1000 locations; the company is NASDAQ listed. Once the test is completed more information about the retailer will be released.

VibeAway® is now for sale on websites and in the catalogs of these major catalog companies: Solutions, Potpourri, Improvements, QCI Direct, Plow & Hearth, 7th Ave & Johnson Smith Company. The company continues to receive re-orders from this distribution channel.

The VibeAway® is being tested by one of the largest television shopping networks in the world and the company is anticipating positive feedback from the test.

VibeAway® and the 100% Degradable / Biodegradable Bags are now available at several Ace & True Value Stores.

B GREEN INNOVATIONS, INC. WOODCRAFT Will Sell "VibeAway®" Anti-Vibration Pad Made From 100% Recycled Pads Made From Scrap Tires; Woodcraft has stores in more than 70 major metropolitan areas across the U.S. The company has received re-orders from this distribution channel.

B GREEN INNOVATIONS, INC. Partners With Living Direct, Inc. To Sell VibeAway®; LivingDirect.com is Ranked in the Internet Retailer Top 500 Guide of America's largest e-retailers. The company has received re-orders from this distribution channel.

B Green Innovations, Inc. Offers New Retail Pricing For Its VibeAway® $16.99 Per 4 Pack, $16.99 Retail Includes Free Shipping On VibeAway®; B Green has also new advantageous Distributor pricing in place.

2 Key Food Locations are selling the 100% Degradable / Biodegradable Extra Strong 18 Gallon 2.5 Mil Thick Compactor Bags & 13 Gallon 1.0 Mil Thick Tall Kitchen Trash Bags now available at: Key Food Marketplace -- 35 Pleasantville Rd. Pleasantville, NY 10570 & Key Food -- 540 West 235th St. Riverdale, NY 10463.

The Biodegradable Trash and Compactor bags are currently being evaluated and tested for distribution by numerous regional supermarket chains nationwide; there are over 3000 Grocery and Convenience stores nationwide and the company is aggressively marketing into this potential distribution channels.

The Biodegradable Trash and Compactor bags are currently being sold by our existing distribution network. The company has received re-orders from this distribution channel Visit:

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

New Products:

B Green is releasing a new version on "EcoPod®," "EcoPod Lite" the measures approximately 5 1/2 x 5 1/2 x 3/8 inches and sells retail for $9.99, making the product one of the most inexpensive and only pure "Green" ant-vibration pad for commercial applications. The company presently has orders for the "EcoPod Lite."

B Green is presently commencing prototype development research on a 30 gallon 100% Degradable / Biodegradable bag for sale.

Trademarks & Patents:

B Green has trademark application for use of "EcoGrip," has been approved. "EcoGrip" is a new version on the VibeAway®.

Exciting news on our pending patent applications will be available soon.

Financial:

The company's revenue for the three months ended March 31, 2011 was the same as compared to the same period in the prior year's quarter, lower and more competitive prices of our "green products" was offset by the substantial increase in volume attributed to the lower prices.

Gross profit increased $12,973 (76.4%) for the three months ended March 31, 2011 to $29,961 as compared to $16,988 for the same for the same period in the prior year as a result of the lower manufacturing costs of the "green" products.

B Green's retired 1,057,664 shares of B Green Innovations Series A Preferred Stock.

B Green's outstanding share structure has remained the same for the last 12 months.

B Green's Board of Directors has authorized a reduction in the number of authorized Class A Common Stock shares of forty percent (40%). This reduction in the authorized shares is subject to shareholder approval at the next shareholders meeting.

B Green is looking to Acquire, Joint Venture, Partner with or Re-Sell "green" technology companies and/or "green" companies that produce products or services from recycled materials; having a nationwide distribution network for its green product line (VibeAway®, EcoPod® / EcoPod Lite Biodegradable Bags) we are looking to leverage that pipeline with additional green products.

This performance demonstrates that we already have strong growth momentum. 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