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Wowgreen International, LLC to Acquire Majority Control of Green Bridge Industries, Inc.

 
 

Company Signs Binding Letter of Intent with "Green" Household Cleaning Products Provider

SARANAC, Mich., Dec. 14 /PRNewswire-FirstCall/ -- Green Bridge Industries, Inc. (Pink Sheets: GRBG) announced that Wowgreen International, LLC has signed a binding letter of intent with Green Bridge Industries to acquire majority control of the Company for an undisclosed amount, which is to be paid in a combination of cash and stock over time. As part of the definitive agreement, which will be executed within the next ten days, Allie T. Mallad will become the sole director and chief executive officer of Green Bridge Industries, Inc. William White will remain with the company as the Vice President of the Green Bridge Institute, which is also owned by Green Bridge Industries, Inc.

Wowgreen International, LLC is the provider of safe, green household cleaners that are sold and distributed to consumers through a channel of independent distributors. The company's mission is to free the world of toxic chemicals, one household at a time. Wowgreen's products provide a safe, effective and all natural cleaning solution for every household need.

"I am thrilled with the acquisition of Green Bridge Industries, Inc., which I believe will enhance our commitment and message of 'Freeing the world of toxic chemicals one household at a time.' This opportunity to add the Green Bridge family to our existing organization will help us stay on the cutting edge with future GREEN TECHNOLOGIES and also help us attract additional companies that will want to be a part of our socially responsible cause," stated Mallad, Chairman and CEO of Wowgreen International, LLC.

"I am excited about the relationship and to be working with Wowgreen International. Their product line, along with our new technology, gives Green Bridge Industries a complete 'green' product line. This acquisition will bring value to our loyal shareholders," stated White, Chairman and CEO of Green Bridge Industries, Inc.

For more information about Wowgreen International, LLC, please visit: www.wowgreen.net.

About Green Bridge Industries, Inc.:

Green Bridge Industries, Inc. offers non-toxic, environmentally friendly cleaning products to fit the sanitation needs of the medical, agricultural and military markets. The Company, through its proprietary technology, has the ability to develop bio-renewable alternative cleaning products, which are superior to the synthetic products currently offered in the marketplace. The Company's products are safe for the surfaces it cleans, the environment, animals and humans. For more information on Green Bridge Industries, visit: www.greenbridgeindustries.com.

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.


    Contacts:
    Green Bridge Industries, Inc.
    www.greenbridgeindustries.com
    Investor Relations
    407-389-5900

SOURCE Green Bridge Industries, Inc.

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