Shot Spirits Corporation to Issue Stock Dividend of Green Bridge Industries, Inc. to Its Shareholders of Record as of April 5, 2010
LEESBURG, Va., March 8 /PRNewswire-FirstCall/ -- Shot Spirits Corporation (Pink Sheets: SSPT) is pleased to announce that its Board of Directors has approved a dividend of restricted common stock of Green Bridge Industries, Inc., (Pink Sheets: GRBG), for shareholders of record as of April 5, 2010, with a payment date no later than May 5, 2010. Shot Spirits shareholders are to receive 1 share of Green Bridge Industries, Inc. stock for every 33 shares they own of Shot Spirits Corporation, as of the Record Date; no fractional shares shall be issued. Green Bridge Industries is currently trading at approximately $.002 per share.
Green Bridge Industries acquired majority control of Shot Spirits in late October of 2009. Green Bridge Industries then appointed new management with extensive experience in the food and beverage industry. As part of the acquisition agreement, shareholders of Shot Spirits were to receive restricted shares of Green Bridge Industries, although details of this dividend were not released until today. A total of over 15,000,000 shares of GRBG are expected to be sent out as a dividend to shareholders of Shot Spirits.
"This dividend is a bonus for our loyal shareholders, who will now receive ownership in a dynamic company that is focused on developing and marketing new innovative 'green' cleaning products and services to retail, commercial and industrial customers," stated Brian Barrett, President of Shot Spirits Corporation.
About Shot Spirits Corporation:
Shot Spirits Corporation through its two wholly owned subsidiaries, Shot Spirits International and GuestMetrics, Inc., is focused on delivering products and services to the multi-billion dollar hospitality industry. Shot Spirits, through their partnership with Beverage Pouch Group, is an innovator in the beverage industry with the flavors of the ShotPak(R) brand. ShotPak(R) Cocktails and STR8UP Spirits brands are packed in their patented "Green no Landfill" StandUp pouch with easy-tear open feature. Shot Spirits is focused on distribution in supermarkets, liquor stores, as well as bars, restaurants, and sporting venues across the globe. GuestMetrics is a data services company specializing in the collection and cleansing of data from restaurants, bars and hotels. From top-line reporting on the state of the industry to specific brand information, suppliers can access consumer spending information not only on their specific brands, but their competitors as well.
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: www.greenbridgeindustries.com.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
SOURCE Shot Spirits Corporation
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