MATAWAN, NJ -- (Marketwire) -- 05/19/11 -- B Green Innovations, Inc. (OTCBB: BGNN), announced today that it has received notification of a patent allowance award for two patent applications. Embedded Recycled Container Sheet Binder and Embedded Container Sheet Basket.
B Green believes that similar products derived from embedded recycled plastic sheets with visible display of the flattened containers will require either a license from us under one or more of our patents, or many years of research and development in search of an alternative solution.
B Green, plans to create products from the compressed flat composite recycled bottle sheets so as to retain the visible display of the of deformed identifiable bottles, such as wastebaskets, flower pots, book covers and binders.
'The grants of these patents are centrally important to B Green, Inc. not only to preserve its technology but also to leverage offensively in the marketplace,' said Mr. Mahoney. 'The patent awards mark a significant milestone in product development for B Green Innovations.'
Embedded Container Sheet Basket:
The invention relates generally to baskets made from flattened, recycled plastic containers that are embedded in substrates that visibly display the flattened, recycled plastic containers. These products may be created by different methods, and one preferred method of producing these products involves creating sheets of plastic with embedded recycled plastic containers.
Embedded Recycled Container Sheet Binder:
The invention relates generally to binders, folders and book covers that visibly display flattened, recycled containers. These products may be created by different methods, and one preferred method of producing these products involves creating sheets of plastic with embedded recycled plastic containers.
About B Green Innovations:
The B Green Innovations, Inc. ('B Green') 'Go Green' mission from its inception is 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.
Certain information included in this letter to shareholders, may contain forward-looking statements about our current and expected performance trends, growth plans, business goals and other matters. These statements may be contained in our filings with the Securities and Exchange Commission, in our press releases, in other written communications, and in oral statements made by or with the approval of one of our authorized officers. Information set forth in this press release contains various 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the 'Act') provides certain 'safe harbor' provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'might,' 'plan,' 'predict,' 'project,' 'should,' 'will,' and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.