B Green Innovations, Inc. announced this morning that it has officially released its 100% degradable compactor and kitchen garbage bags to the retail markets. The bags released today are 18 gallon, 2.5 mil thick compactor and 13 gallon, 1.0 mil thick tall kitchen trash bags. The B Green bags are comparable in price to ordinary bags on the market, but are environmentally friendly.
In addition to the new bags being released, B Green has launched a new promotion. For a limited time (until October 15, 2010), when a customer purchases two cases of VibeAway®, the Company’s “green” pads which are specially designed washing machine anti-vibration pads, the customer will receive one free case of biodegradable compactor bags. Another part of the promotion includes getting free shipping along with the compactor bags with an order of four or more cases of VibeAway. VibeAway pads are 100% crumb rubber pads, made from recycled tires, designed to reduce the transfer of vibration that occurs in most typical washing and drying cycles.
B Green has been actively working on nationwide distribution on VibeAway and EcoPod® products. In November of last year, B Green signed a distribution agreement with Whirlpool Corporation, the world’s leading manufacturer and marketer of major home appliances with annual sales of nearly $20 billion. In August 2010, the Company announced that the EcoPod product can be purchased online at HomeDepot.com as “Whirlpool EcoPod Shock Absorber Anti-Vibration Pads”.
Other important news from August included B Green beginning the process to reduce its number of authorized shares by 40%. The press release stated, “The Company decided that is was best to reduce the number of authorized Class A Common Stock shares to eliminate these shares from ever being issued to minimize the risk of further dilution of shareholders’ value so that the Company may grow and maximize shareholder value.” For a company that is continuously expanding, the reduction of authorized shares is somewhat of a rarity. Typically, the number of authorized shares is being increased to facilitate further capital requirements as demonstrated through the issuing of common shares.
More information on B Green Innovations and its products can be found on the Company’s website at www.bgreeninnovations.com.
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