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Green Bridge Technologies International, Inc. CEO to Participate in Common Share Exchange

Posted on: Thursday, 10 September 2009, 09:15 CDT

LINDEN, Mich., Sept. 10 /PRNewswire-FirstCall/ -- Green Bridge Technologies International, Inc. (Pink Sheets: GRBT), is pleased to announce that the Company's CEO Leonard Baxter will participate in a common share exchange that was recently approved by its Board of Directors. Mr. Baxter has agreed to exchange 200 million of his common shares for 3.5 million of Green Bridge Technologies International's preferred shares. Green Bridge Technologies International, Inc. is improving its corporate structure as the Company looks to finish evaluating and finalizing agreements with potential acquisition candidates, as part of its growth strategy.

Green Bridge Technologies International, Inc. will continue to develop, market, and sell its various GPS products and services through its wholly owned subsidiary, Ecologix, as well as looking to acquire new "green" technologies. The Company will work directly with inventors as well as companies that have promising concepts, prototypes, and inventions in the broad area of energy efficiency, but need funds and guidance to move their invention to the next level. Green Bridge Technologies International has secured a laboratory facility in Auburn, MI, where the Company's incubator division will operate.

"Green Bridge Technologies International is currently poised for growth through the various acquisition candidates we are evaluating, which will bring increased value to our loyal shareholders," stated Leonard Baxter, CEO and President of Green Bridge Technologies International, Inc.

About Green Bridge Technologies International, Inc.:

Green Bridge Technologies International, Inc. is a technology based company that concentrates on developing and marketing new energy efficient products and services. The Company operates an incubator facility and works with inventors and early stage development companies that have technologies that will help reduce US energy needs. Through its wholly owned subsidiary, the Company provides solutions for vehicle and asset recovery and tracking. The tracking technology product line has applications for data and tracking functions across a variety of industries, utilizing CDMA, IDEN, and GSM technologies.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

SOURCE Green Bridge Technologies International, Inc.

Source: PR Newswire

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