Garb Oil & Power Corp. Announces OTC Initial Filings Submission to OTC Markets & Entering Into a Revenue-Generating Collabora...
February 27 2014 - 12:05PM
Marketwired
Garb Oil & Power Corporation Announces OTC Initial Filings
Submission to OTC Markets and Entering Into a Revenue-Generating
Collaborative Effort With Shredderhotline.com Company
LARGO, FL--(Marketwired - Feb 27, 2014) - Garb Oil &
Power Corporation (OTC Pink: GARB) After spending the last several
months working on several fronts, current Company Management is
proud to announce two significant Company milestones have been
accomplished as part of the Company's reorganization within its new
business plan:
- The Company's OTC Initial Filings have been submitted to OTC
Markets; and
- The Company has entered into a revenue-generating Collaborative
Effort with Shredderhotline.com Company.
Now that the Company's OTC Initial Filings have been submitted
to OTC Markets, we await their review and approval to move the
Company up to the OTC Markets, Pink Current public company
tier. The filings are available on the website of OTC Markets,
OTCPink: GARB, Filings & Disclosure tab.
The Collaborative Effort with Shredderhotline.com ("CE") is a
portion of the current Company Management's building and execution
of a solid business plan to generate immediate revenue. The CE
is disclosed in one of the Company's aforementioned OTC Initial
Filings: the Consolidated Financial Statements for the Two Years
Ending December 31, 2013 and 2012, Notes to the Consolidated
Financial Statements, Note 11 - Subsequent Events. Highlights
of the CE include the following Contributions by each company:
Business and relationship/assets of Shredderhotline.com
("SHLDC") being contributed to the CE:
1. |
Customer database to purchase
Shredder Equipment and related sales/services as further detailed
below. |
2. |
Full Line of Shredder Equipment
including Patents, Design and Manufacturing plus related sales
operations as detailed below. |
|
|
a. The Genox Line of Equipment |
|
|
b. The Eidal Line of Equipment |
|
|
c. Shredderhotline.com online sales, parts and service |
|
|
d. The Setup, Service and Operation of Recycling Plants |
3. |
Expandable Business Model
including Global Sales Capabilities. |
4. |
Founder and head of the company,
Dan Scott Burda, to be an advisor to GARB pertaining to the
CE. |
5. |
Long history in the Shredder and
Recycling Industries. |
Business and relationship/assets of the Company being
contributed to the CE:
1. |
Access to public debt and equity financing
specifically for GARB acquired contracts provided through
SHLDC. |
2. |
New Experienced, Committed Long Term
Corporate Management and Advisors. |
3. |
Tammy Taylor, Chief Executive Officer and
Director of GARB, or her assigns, to oversee on GARB'S behalf all
aspects of the CE. |
4. |
Long history in the Shredder and Recycling
Industries. |
Other pertinent parameters and understandings of the CE
include:
- An amendment was added at the insistence of SHLDC that the CE
discontinues if Tammy Taylor does not remain the primary Company
contact to the CE.
- It is understood by both Parties that the contributions by
SHLDC to the CE will be over time. SHLDC'S CE contributions
complete a Stock Purchase Agreement's assets transfer.
- The CE will be operated through a newly formed State of Florida
incorporated wholly owned subsidiary of the Company. The
subsidiary that has been incorporated in the State of Florida for
this purpose is Garb Global Services, Inc.
- The current Company Management will assure that the Company's
own product sales and services do not directly conflict, or are in
direct competition with, the CE'S product sales and services.
Tammy Taylor, company Chief Executive Officer and President,
stated, "The current Garb team has worked tirelessly to make these
corporate milestones a reality once we took over the reins of the
Company six months ago. This same drive that has accomplished
these major company achievements will continue until the Company
has been reorganized and transformed into the fully operating
company our business plan envisions it can be."
Dan Scott Burda, Shredderhotline.com Company founder and head,
stated, "The Burda Family and Garb's original founder, John Brewer,
pioneered the industrial shredder industry beginning in the early
1970's. I envisioned leaving my family legacy in the shredder
and recycling industry into capable hands of a public company so
that it will have a better chance to survive well beyond my life
time. Garb Oil & Power is the public company I had hoped
would be that public company. During our long preliminary
discussions with Tammy, we concluded that her honesty, integrity
and professional business capabilities met our required attributes
of the type of person who can lead a public company that we had
sought where we wanted to leave our families' business legacy
to."
About Garb Oil & Power Corporation Garb Oil & Power
Corporation, (OTC Pink: GARB), has a long company history in the
fast growing industry of waste recycling and specifically related
to waste-to-energy. Garb has reorganized to utilize both
next-generation machines and new technologies, including those
contributed to the Company by the Burda Families, to vertically
integrate into the waste refinement, recycling and energy
industries. The revised company emphasis is in profitable new and
"green" solutions for waste-to-energy, alternate energy sources,
gas drilling, fuel enhancements and improving energy usage
efficiency.
Garb's strategy is to build its own plants and sell the high
value products that Garb's new cost effective processing
technologies allow it to produce. Several technologies and products
are under review with Garb's new strategic alliances include the
following.
- Specific food waste to energy and other of its potential green
technology uses.
- Alternate energy sources beyond today's widely publicized
options.
- Fuel enhancements to increase efficiency and decrease
pollution.
- Recycle fuel operations that utilize the fuel enhancement
products.
- New equipment technologies that improve energy usage
efficiency.
Investor Relations Contact: Garb Oil & Power Corporation
info@garbreorg.com 888-573-6622, Ext. 1
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