eWaste USA Inc., an affiliate of Garb Oil & Power Corp., will join forces with Virginia’s La Stella Maris Inc. to build Garb’s second eWaste facility along the East Coast. It is Garb Oil & Power Corp.’s intention to build and commission 10 E-Waste plants by the end of next year, says John Rossi, president of the company. First deliveries of machinery are scheduled for November 2010 and plant commissionings are scheduled for March 2011.
About Garb Oil & Power Corporation
With ClosedCycle(TM) technology and NoWaste(TM) residue, Garb Oil & Power Corporation is committed to a clean environment. These principles guide how we develop rubber recycling plants, E-Waste and E-Scrap recycling plants, Waste to Energy plants, and OTR facilities. We should process waste economically and leave NoWaste(TM) behind. It is our endeavor to build plants that continue to push the boundaries for the attainment of the ClosedCycle (TM) principal and a world with NoWaste(TM). Garb will concentrate on promoting its E-Waste plants and tire recycling plants into the market place both in the United States and abroad. Garb will continue to focus on E-Scrap as a primary technology and continue to both refine the applications and end products deriving from E-Waste. Our technology and expertise have in the past also provided solutions in Waste to Energy and OTR plant building and development. Both of these technologies are important to Garb and will make up part of our long term expansion plan. Garb’s focus has changed from simply selling its E-Waste and Tire Recycling plants into the open market, to building its own plants both within and outside the United States. This new direction will position Garb to take advantage of the market requirements for E-Waste and E-Scrap over the next 10 years and beyond. Garb will now be able to market its products directly to its main customers as primary raw materials.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
It is possible for management to have future expectations based on the forward-looking statements contained in this document, which are not historical facts. It is possible for actual results to differ materially from those stated in or implied by forward-looking statements due to risks and uncertainties. It may not be possible to achieve the results anticipated in any or all of these forward-looking statements. In the event that any forward-looking statements are changed by Garb-Oil & Power Corporation, they will not be updated.
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