Green Bridge Industries, Inc. Increases Sales for the Second Quarter by Over 41%
20 Août 2010 - 2:15PM
Marketwired
Green Bridge Industries, Inc. (PINKSHEETS: GRBG) is pleased to
announce that the Company has increased its total sales for the
second quarter of 2010 by over $18,000. Green Bridge Industries
reported total sales of $51,049 for the second quarter ended June
30, 2010 as compared to $36,048 for the first quarter ended March
31, 2010. In February, Green Bridge announced the acquisition of
Organic Product Solutions (OPS), a provider of clean technology
solutions for the industrial/commercial, household and wastewater
market segments. OPS has brought immediate revenue to the Company
through its continued relationship with a leading industrial
product supplier. OPS has developed a product line of industrial
and household cleaning products under the private labeled name
Natures Solution™. Coca-Cola Enterprises, Merrill Lynch, Turner
Construction Company and the United States Postal Service®, as part
of their "green initiative," are using the Natures Solution™
product line.
Green Bridge also reported an increase in its total assets by
over $87,000 for the quarter ending June 30, 2010 versus the
quarter ending March 31, 2010. The Company reported $2,363,202 in
total assets for the quarter ending June 30, 2010 as compared to
$2,276,130 in the quarter ending March 31, 2010. The financial
statements do not include revenues from the Fusion and BDST
acquisitions, in which the Company owns a 50% interest.
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 and sponge mops 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. Green Bridge has the option to acquire the
remaining 50% of Fusion and BDST for a combination cash and
stock.
"We are excited about the progress that Green Bridge has made
during the first six months of this year and we look forward to
continuing to increase shareholder value through sales and key
acquisitions," stated David Gubb, President and CEO of Green Bridge
Industries, Inc.
To view Green Bridge Industries, Inc. most recent filings with
Pink Sheets, please go to:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=GRBG.
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.
Contacts: Green Bridge Industries, Inc.
www.greenbridgeindustries.com Investor Relations 407-389-5900
Green Bridge Industries (CE) (USOTC:GRBG)
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