March 22, 2010 (FinancialWire) — Green Bridge Industries, Inc. (OTC: GRBG) said it has signed a letter of intent to acquire 50% ownership of Fusion, Inc. and BDST Leasing, Inc., which it said posted over $2 million in 2009 revenue, and has assets exceeding $1.2 million.

As part of the definitive agreement Green Bridge Industries will acquire 50% of the shares of both Fusion and BDST in exchange for $550,000, payable in $450,000 of preferred stock in Green Bridge Industries, Inc. and $100,000 in cash.

According to Green Bridge, both sides expect the definitive agreement to be finalized within the next 30 days during which the due diligence will be completed.

Fusion produces a range of cleaning brushes and sponge mops for OEM companies who market them as part of their product line. The company produces its brushes for Rubbermaid, O'Cedar, Resolve, Kiwi, among others.

BDST Leasing serves as a leasing company primarily dealing in real estate property and equipment leasing. BDST currently has an exclusive relationship with Fusion, to whom it leases the property, a 50,000 square foot manufacturing facility and the production equipment.

New Jersey-based Green Bridge Industries offers non-toxic cleaning products to fit the sanitation needs of the medical, agricultural, military, and retail markets.

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