Green Bridge Subsidiary Team Energy Receives Letter of Intent From Refrigerated Express to Purchase CNG Fuel

ST. CLOUD, Fla., Nov. 9, 2011 /PRNewswire/ -- Green Bridge Industries, Inc. (OTCPK: GRBG) is pleased to announce that its subsidiary Team Energy has received a Letter of Intent (LOI) from Refrigerated Express, LLC to purchase CNG (compressed natural gas) from the St. Cloud waste to energy facility that is scheduled to be completed in 2012. Refrigerated Express currently uses 700,000 gallons of diesel fuel in its operation of refrigerated trucks that transport fresh seafood and produce. Their fleet of trucks is operated out of their headquarters and repair facilities located in Indian Harbor Beach, FL.

Refrigerated Express has been exploring converting their fleet to run on CNG for both fuel savings and environmental benefits. Pat Barker, President of Refrigerated Express, said, "We are excited about the Team Energy project being a part of our solutions with alternative fuels for the trucking industry. As we wade thru the challenges of alternative fuel solutions we are convinced that the conversion of commercial trucks and vehicles will quite literally turn around the economic problems of the entire nation because of lower operating costs combined with the approximately $500 million per month current national diesel costs will stay in the U.S. of A. The trucking industry is the primary early indicator of economic activity in the nation.  Trucking affects every industry, every business, and every household. America moves on trucks and the trucking industry is ready to move America to more prosperous times."

Under the terms of the LOI, Team Energy will store the CNG produced from the landfill in a tanker provided by Refrigerated Express. They will pick up the tanker and deliver the CNG to their truck depot fueling station while the next one is being filled. In addition to purchasing the CNG, Refrigerated Express will provide services to convert other fleet vehicles contracted to purchase CNG from Team Energy.

"We are extremely excited with the prospect of working closely with a premier trucking fleet operator like Refrigerated Express," said Don Wood, Green Bridge CEO. "Together, Team Energy and Refrigerated Express have the opportunity to demonstrate the benefits of CNG to a fleet operator's profitability and at the same time make a strong statement about their commitment to protecting the environment. "Our goal is to continue expanding our reach to other fleet operators interested in saving 30% or more on their fuel costs," said Team Energy COO Henry Martin. "CNG is quickly becoming popular with municipalities and governments due to budget cuts and we have the ability and experience to expand this business model over the next several years. At the same time the cost of conversion has steadily declined as it has become more popular, making the payback timeline shorter and shorter. We expect this trend to continue as more firms enter the conversion kit market and costs to convert continue to decline."

The management of Team Energy recently won the bid with the City of St. Cloud, Florida to develop a landfill gas collection system on the landfill located within the city limits. Under the terms of the contract Team Energy will extract the methane from the landfill, clean, compress and sell the finished gas product as CNG (compressed natural gas) for use in vehicles.

To learn more about Team Energy, Inc., please visit: http://www.teamenergy-inc.com/index.php

About Green Bridge Industries, Inc.:

Green Bridge Industries is a Green Products & Technologies company. Since the Company's inception, it has grown and thrived in the area of green cleaners. Green Bridge Industries has plans to upgrade its current products as well as introduce new product lines. The first of these is its new EZ PAK™ product line, a dissolvable packet aimed at lowering our carbon footprint while still offering superior cleaning performance as compared to traditional, toxic cleaners. The Company is also actively looking towards joint venture partnerships and acquisitions in the alternative energy sector. For more information on Green Bridge Industries, visit: 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.

Contact:
Green Bridge Industries, Inc. at:
[email protected]

SOURCE Green Bridge Industries, Inc.

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