GXT Green Secures New Funding to Expand Distribution and Development of Sustainability Products and Services

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Second Round Funding Supports ECOgrade Photodegradable Bag Success

GXT Green

Economics Meeting Ecology

GXT Green™ and its parent company, Global Exchange Technologies, Inc, have secured a second round of funding from a consortium of investors. Funding will be used for working capital to expand distribution of ECOgrade™ degradable shopping bags and GXT Green’s sustainability products and services. Exact amount of the investment was not disclosed at this time.

“GXT Green degradable shopping bags and grocery bags have been receiving tremendous attention from key retailers in the market”, stated Bob Chatterjee, President of GXT Green. “This additional funding will provide us with the working capital to meet expected demand, as well as build out the infrastructure to support distribution”. ECOgrade bags are a technologically advanced degradable bag solution that ends the “paper or plastic” debate once and for all. They use less plastic resin to manufacture, can be safely recycled, degrade to a non-toxic residue in less than 240 days if littered, and cost about the same as regular plastic grocery bags.

In addition to supporting the expansion of ECOgrade bag business, this additional funding will be used to build distribution for GXT Green’s ECO-RSP Zero-waste packaging products, The GXT Green Wheel Seal Vehicle Offset Program, implementation of GXT Green’s REDD+ Carbon Offset projects in Southeast Asia, and continued development of the Global Exchange Commodity Trading Platform.

"We've secured the expertise of some of the most experienced and successful marketing pioneers available," stated Bob Matson, President of Financial Management, Inc., a lead investor. "These guys really understand both the needs of our market and the business strategy required to be successful."

About GXT Green and Global Exchange Technologies, Inc.

GXT Green is where “Economics meets Ecology”. A leader in creating and leveraging green strategies, GXT Green provides services and products that help the corporate community meet their economic and social sustainability needs. To achieve this mission, they provide a comprehensive and unique three pronged approach for corporate clients.

  •     Drive improved profitability by employing tools and strategies that promote efficiency in energy usage.
  •     Design and execute green marketing strategies, and offer economically viable products such as ECOgrade™ degradable bags which support corporate responsibility while enhancing company brands.
  •     Complete the equation by offering carbon offset credits derived from the highest quality projects around the world.

GXT Green was recently selected as a finalist in the prestigious businessGreen 2011 Leaders Award for Sustainability Consultancy of the Year. GXT Green is a division of Global Exchange Technologies, Inc. which a global leader in technology, infrastructure and domain expertise that facilitates the establishment of next-generation financial and commodity exchanges. For more information, please visit http://www.gxtgreen.com.

If you'd like more information about this topic, or to schedule an interview, please call Ed Weisberg at 781-735-4367, or by email at eweisberg(at)GXTgreen(dot)com
GXT Green
505 Middlesex Turnpike
Suite 11
Billerica, MA 01821

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Edward Weisberg

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