Green Bridge Industries, Inc. Announces $400,000 Accounts Receivable Financing

RIDGEWOOD, N.J., April 6 /PRNewswire-FirstCall/ -- Green Bridge Industries, Inc. (Pink Sheets: GRBG) is pleased to announce that the Company has secured $400,000 in accounts receivable financing. This initial financing agreement will enable Green Bridge Industries to borrow up to $400,000 against the Company's accounts receivables. The agreement is effective for an initial term of 12 months and the agreement may be renewed for successive 12 month periods, subject to satisfaction of certain conditions. The proceeds will provide immediate cash flow to accelerate business growth through acquisitions and insulate operations from lengthening customer payment cycles.

Double Diamond Investments, a wholly owned subsidiary of Big Apple Consulting USA, assisted the Company in securing the accounts receivable financing.  Double Diamond has established strategic alliances with commercial lenders, financiers and banks specializing in nearly every industry throughout the nation. Double Diamond helps introduce companies to associate lenders, private or public money partners, financiers or banks and is a varied commercial lender who understands the mentality, needs, challenges and spirit of the entrepreneur.

"This financing is an important step in our capital structuring process geared towards establishing a solid foundation to support continued growth of our subsidiary businesses," stated David Gubb, CEO of Green Bridge Industries, Inc. "We are pleased to be able to partner with a company like Double Diamond Investments, which has a strong understanding of our business model."  

Green Bridge announced on March 30, 2010 that the Company has acquired 50% ownership of Fusion Incorporated and BDST Leasing LLC, which in 2009 generated over $2 million in revenue and has assets exceeding $1.2 million. Fusion Incorporated concentrates on producing a variety of cleaning brushes for OEM companies who market them as part of their product line. The company produces its brushes for Rubbermaid®, O'Cedar, Resolve, Kiwi, amongst others.

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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, military, and retail 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: http://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.

SOURCE Green Bridge Industries, Inc.