SARANAC, Mich., Jan. 19 /PRNewswire-FirstCall/ -- Green Bridge Industries, Inc. (Pink Sheets: GRBG) is pleased to announce that the Company has signed an exclusive 3 year licensing agreement with wowgreen International, LLC on January 15, 2010. Through this agreement the Company plans to produce and market wowgreen's non-enzyme based, 2nd generation products. wowgreen currently has twelve safe, effective, all-natural, cleaning products which include laundry detergent, dishwasher detergent, and hand dish soap, amongst others.
As part of the agreement, Green Bridge Industries will become the exclusive manufacturer of select wowgreen Products; Stain Remover Pen, Floor Cleaner, All Purpose Cleaner, Wood and Dust Cleaner, Tile and Bath Cleaner, Carpet and Upholstery Cleaner, Fabric Pre-Wash, Air Freshener, and Toilet Bowl Cleaner on the Consumer side. Additionally Green Bridge will also become the exclusive manufacturer for the Commercial Division with the following offerings; Industrial Degreaser, Odor Eliminator, Carpet & Upholstery Cleaner, All Purpose Cleaner, Wood and Dust Cleaner, Glass & Stainless Steel Cleaner, Toilet and Bath Cleaner, and Floor Cleaner. Green Bridge Industries will pay wowgreen $250,000 for the rights to manufacture and source these as well as other new products.
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 are manufactured from a proprietary formula that provides a safe, effective and all natural cleaning solution for every household need.
"We are excited to have consummated our licensing agreement with wowgreen. The addition of the wowgreen products offers us an immediate opportunity to increase our sales revenues," stated William White, Chairman and CEO of Green Bridge Industries, Inc.
The Company recently announced that wowgreen International, LLC had 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. The two companies are currently in discussions to finalize the terms of the agreement.
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, 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: 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.
Green Bridge Industries, Inc.
SOURCE Green Bridge Industries, Inc.