Green Bridge Industries, Inc. Completes Acquisition of Shot Spirits Corporation
October 28 2009 - 8:33AM
PR Newswire (US)
Shot Spirits Shareholders to Receive Stock Dividend SARANAC, Mich.,
Oct. 28 /PRNewswire-FirstCall/ -- Green Bridge Industries, Inc.
(Pink Sheets: GRBG) is pleased to announce that the Company has
acquired a controlling interest in Shot Spirits Corporation (Pink
Sheets: SSPT), a distiller and innovator of cocktails and straight
spirits, which are packaged by Beverage Pouch Group in
eco-friendly, single-shot standup pouches, in exchange for $200,000
in the form of restricted shares of Green Bridge Industries based
on $0.013 per share. The acquisition will bring immediate revenue
to Green Bridge Industries, where the Company expects to generate
over $500,000 within the next 60 days by utilizing Green Bridge
Industries' extensive distribution network and multiple industry
connections. Shot Spirits Corporation, founded in 2002, is a
leading distiller and innovator of cocktails and straight spirits.
The Company, through their relationship with the Beverage Pouch
Group, has revolutionized the single-serve, ready-to-drink alcohol
market sector by introducing a single shot of 34 proof flavored
cocktails and its 80 proof STR8UP® spirits in a eco-friendly,
lightweight, flexible and patented standup pouch, all of which are
marketed under the ShotPak® brand. The single shot pouch is an
Eco-Smart(TM) alternative package to the PET / glass miniature shot
bottles and produces an approximately 50% smaller carbon footprint.
"This acquisition brings immediate positive cash flow to Green
Bridge Industries. Per our agreement Shot Spirits shareholders will
be receiving a dividend in Green Bridge Industries with details to
be announced at a later date. The Company will aid Shot Spirits in
its sales and marketing efforts as it continues to increase its
customer base," stated William White, Chairman and CEO of Green
Bridge Industries, Inc. For more information on Shot Spirits
Corporation and its products, please go to
http://www.shotspiritscorporation.com/ and
http://www.shotpakinc.com/index2.html. 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.
http://www.greenbridgeindustries.com/ Investor Relations
407-389-5900 DATASOURCE: Green Bridge Industries, Inc. CONTACT:
Green Bridge Industries, Inc.,
http://www.greenbridgeindustries.com/; Investor Relations:
+1-407-389-5900 Web Site: http://www.greenbridgeindustries.com/
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