LINDEN, Mich., Nov. 12 /PRNewswire-FirstCall/ -- Green Bridge Technologies International, Inc. (Pink Sheets: GRBT) announced that the Company is still searching or new energy efficient technologies as part of it growth model. Following its successful acquisition of Vapor Technologies, Inc., which is now a wholly owned subsidiary of the Company, the acquired technology is going through a comprehensive, internal testing and development program. These efforts will bring its proprietary vapor technology to market after completing EPA specified testing next year. The Company's current plans call for the simultaneous development of up to four promising energy efficient technologies.
The Company has divided its search for exciting new products in to three areas of interest. First, the Company will work directly with inventors that have promising concepts and inventions in the broad area of energy efficiency, but need funds and guidance to move their invention to the next level. The Company has its laboratory facility in Auburn, MI, where its incubator division operates. The second area being evaluated is technologies that have been brought to operating prototypes, but need resources to bring them to market. Finally, the Company is evaluating going concerns that have made it through the developmental stage, but need both financing and marketing expertise to grow their businesses.
"Now that we have our vapor technology program well underway, we are again looking for our next acquisition candidate. Those having technology that fit our criteria, should contact the Company at technology@gbtintl.com with a brief description of their technology, the stage that it is in, and request a Confidentiality/Non Disclosure Agreement be sent back to them," stated Leonard Baxter, CEO and President of Green Bridge Technologies International, Inc.
Green Bridge Technologies International also announced that those shareholders who invested in the Company's Series E Convertible Preferred shares and are considering conversion into common stock will be receiving a letter on how to proceed. This letter will also be posted on the Company's Website www.gbtintl.com.
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, through its three divisions. The Company operates a Technology Incubator facility and works with inventors and early stage development companies that have technologies that will help reduce US energy needs. The Company's wholly owned subsidiary Vapor Technologies, Inc. develops fuel efficient technologies. The Company's Government Services Division assists its clients in the approval process for products to become eligible for listing on the U.S. General Services Administration (GSA) Schedule and GSA Advantage, as well as marketing these products to various sectors of the government. Through its wholly owned subsidiary, Ecologix, 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.
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.
Contact:
Investor Relations
Big Apple Consulting USA, Inc.
(407) 389-5900
SOURCE Green Bridge Technologies International, Inc.
