Letter to Shareholders on B GREEN INNOVATIONS, INC.
MATAWAN, NJ — (MARKET WIRE) — 02/14/11 — B Green Innovations, Inc. (OTCBB: BGNN) CEO Jerry Mahoney issued the following letter to shareholders:
Dear B Green Innovations Shareholder:
Over the past few weeks, many of you have contacted the company for an update on our progress. B Green Innovations, Inc.’s (“B Green”) “Go Green” mission from its inception has been to create a “Green” company for the development of solutions to eliminate waste from the world’s environment. B Green offers consumers a realistic and necessary solution to the problem of waste around the world. We believe that to truly have an impact on the planet, one must be committed to the environment and seek out environmentally-friendly products.
Update Sales & Marketing:
B Green will now be using the “As Seen on TV” LOGO on its VibeAway® packaging. “As Seen on TV” LOGOED products get prime placement, where people will make impulse buys and are the top categories in most stores.
The Biodegradable Trash and Compactor bags have been released to the market and are currently being evaluated and tested for distribution by 8 regional supermarket chains nationwide; there are over 3000 Grocery and Convenience stores nationwide and the company is aggressively marketing into these potential distribution channels.
The VibeAway® is currently being tested and evaluated for distribution by a nationwide retailer and by another one of the largest television shopping networks in the world.
The Biodegradable Trash and Compactor bags are currently being sold by our existing distribution network, Pro Supply Company and Reliable Parts, to name a few.
B Green Innovations, Inc. Announces WOODCRAFT Will Sell “VibeAway®” Anti-Vibration Pad Made From 100% Recycled Pads Made From Scrap Tires; Woodcraft has stores in more than 70 major metropolitan areas across the U.S.
B Green Innovations, Inc. Partners With Living Direct, Inc. To Sell VibeAway®; LivingDirect.com is ranked in the Internet Retailer Top 500 Guide of America’s largest e-retailers.
B Green Innovations, Inc. Offers New Retail Pricing For Its VibeAway® $16.99 Per 4 Pack, $16.99 Retail Includes Free Shipping On VibeAway®; B Green has also new advantageous Distributor pricing in place.
Visit http://bgreeninnovations.com/Partners.aspx to see our vast growing partner network.
B Green has filed a trademark application for use of “EcoGrip,” a new version of the VibeAway®.
B Green’s Board of Directors has authorized a reduction in the number of authorized Class A Common Stock shares of forty percent (40%). This reduction in the authorized shares is subject to shareholder approval at the next shareholders meeting.
B Green’s outstanding share structure has remained the same for the last 9 months.
B Green is looking to Acquire, Joint Venture, Partner with or Re-Sell “green” technology companies and/or “green” companies that produce products or services from recycled materials; having a nationwide distribution network for its green product line (VibeAway® ,EcoPod® Biodegradable Bags), we are looking to leverage that pipeline with additional green products.
This past year demonstrated that we already have strong growth momentum. With growing potential in the market for “Green” opportunities, we believe the Company is in a great position to deliver on its prospects. I would like to thank you for your continued support.
Jerry Mahoney President and Chief Executive Officer