Wowgreen to Acquire Green Bridge Industries
12/22/2009
Green Bridge Industries, Inc. (Pink Sheets: GRBG) announced that Wowgreen International, LLC has 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.
As part of the definitive agreement, which will be executed within the next ten days, Allie T. Mallad will become the sole director and chief executive officer of Green Bridge Industries, Inc. William White will remain with the company as the Vice President of the Green Bridge Institute, which is also owned by Green Bridge Industries, Inc.