(Source: PRNewswire)

SARANAC, Mich., Aug. 20 /PRNewswire-FirstCall/ -- NXGen Holdings, Inc. (OTC Pink Sheets: NXGH) is pleased to announce that as of today, August 20, 2009, the Company has changed its name to Green Bridge Industries, Inc., and will now be trading under the stock symbol GRBG (OTC Pink Sheets: GRBG).
Green Bridge Industries, Inc., also recently announced that Delaney Equity Group, LLC is facilitating a $2.5 Million equity line of credit with a private group of investors, which will enable the Company to immediately begin the full manufacturing and production of the ZAP(TM) as well as other Licensed and Private Labeled Stain Remover Pens. The equity purchased through the equity line will not be registered and will have a minimum hold period of one year, with the Company having the option to purchase the stock back at anytime within the hold period.
"This name change positions us for the expansion of our sales and products lines, as well as, reflects the Company's direction and efforts to promote 'green' and environmentally friendly products. I am very happy with what the Company has achieved over the last several months and we are now structured to achieve the revenue and growth goals and objectives of our business model," stated William White, President and CEO Green Bridge Industries, Inc.
There is no need or requirement for current shareholders to surrender their shares issued under the old name NXGen Holdings, Inc. in exchange for new shares in the name of Green Bridge Industries, Inc.
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 developed natural 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.
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.
www.greenbridgeindustries.com
Investor Relations
407-389-5900
SOURCE NXGen Holdings, Inc.
Originally published by NXGen Holdings, Inc..
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