Garb Oil & Power Corporation Announces Change in Reporting Board; Garb Has Been Elevated From an OTCBB to an OTCQB Company

SALT LAKE CITY, May 26, 2010 (GLOBE NEWSWIRE) -- Garb Oil & Power Corporation (OTCQB:GARB) www.garbop.com announces the elevation of Garb from an OTCBB reporting company to an OTCQB company. John Rossi, the newly appointed President and CEO of Garb Oil & Power Corp., states "this new board provides investors with a more clear and transparent look of Garb. The advantage to the investor is substantial with the possibility of dealing with Garb electronically and having direct access to real time level 2 quotes."

Garb will concentrate on promoting its E-Waste 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. This new focus will enable Garb to market its products directly to its main customers as primary raw material. Over the last few months, Garb's management team has concentrated on reducing the company's debt while preparing and positioning the company into focusing on the new corporate direction. John Rossi expects this process to be finished by end of third quarter.

About Garb Oil & Power Corporation

Garb Oil & Power Corporation is a company dedicated to the application of ClosedCycle™ technology and NoWaste™ residue. Our plants for Rubber Recycling, E-Waste and E-Scrap Recycling, Waste to Energy and OTR processing plants are all developed with these principles in mind. Garb believes that processing waste should be economically viable and leave NoWaste™. It is our endeavor to build plants that continue to push the boundaries for the attainment of the ClosedCycle ™ principle and a world with NoWaste™.

To receive Garb E-mail Updates and Alerts, please click http://www.ir-site.com/garb/emailnotification.asp

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995.

Statements contained in this document that are not historical fact, are forward-looking statements based upon management's current expectations. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The results anticipated by any or all of these forward-looking statements may not occur. Garb Oil & Power Corporation is not required to update its forward-looking statements.

The Garb Crew News Update

Garb John Rossi

Garb Oil & Power Corporation Announces Debt Reduction in Excess of $3,000,000

Garb Oil & Power Corporation (OTCQB:GARB) www.garbop.com announces debt reduction in excess of $3,000,000.

John Rossi, President and CEO of Garb Oil & Power Corp, states, "this reduction is in line with our strategy of reducing our past debt and preparing Garb to deal with the new challenges ahead."

About Garb Oil & Power Corporation is a company dedicated to the application of ClosedCycle™ technology and NoWaste™ residue. Our plants for Rubber Recycling, E-Waste and E-Scrap Recycling, Waste to Energy and OTR processing plants are all developed with these principles in mind. Garb believes that processing waste should be economically viable and leave NoWaste™. It is our endeavor to build plants that continue to push the boundaries for the attainment of the ClosedCycle™ principle and a world with NoWaste™. 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. This new focus will enable Garb to market its products directly to its main customers as primary raw material. Over the last few months Garb's management team has concentrated in reducing the company's debt while preparing and positioning the company into focusing on the new corporate direction. John Rossi expects this process to be finished by end of third quarter

To receive Garb E-mail Updates and Alerts please click HERE.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995.

Statements contained in this document that are not historical fact, are forward-looking statements based upon management's current expectations. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The results anticipated by any or all of these forward-looking statements may not occur. Garb-Oil & Power Corporation is not required to update its forward-looking statements.

The Garb Crew News Update

Garb John Rossi

Appointment of John Rossi as New President and CEO of the Corporation and a New Corporate Direction

Announces the appointment of John Rossi as new President and CEO of Garb Oil & Power Corp.  John Rossi is co-inventor together with Alan Fleming, (Chief Operations Officer), of the ClosedCycled Principal and the driving force behind the technology promoted by Garb.  Igor Plahuta, Director of European Operations and Chief Technology Officer, is the developer and patent registrant for most of the technology related to Garb.  Together this new team is setting Garb on a new direction. 

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 refine both 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.  This new focus will enable Garb to market its products directly to its main customers as primary raw material.  Over the last few months Garb's management team has concentrated in reducing the company's debt while preparing and positioning the company into focusing on the new corporate direction.  John Rossi expects this process to be finished by end of third quarter.

About Garb Oil & Power Corporation

Garb Oil & Power Corporation is a company dedicated to the application of ClosedCycle™ technology and NoWaste™ residue.  Our plants for Rubber Recycling, E-Waste and E-Scrap Recycling, Waste to Energy and OTR processing plants are all developed with these principals in mind.  Garb believes that processing waste should be economically viable and leave NoWaste™.  It is our endeavor to build plants that continue to push the boundaries for the attainment of the ClosedCycle ™ principal and a world with NoWaste™.

To receive Garb E-mail Updates and Alerts please click HERE.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

Statements contained in this document that are not historical fact, are forward-looking statements based upon management's current expectations.  The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.  The results anticipated by any or all of these forward-looking statements may not occur.  Garb-Oil & Power Corporation is not required to update its forward-looking statements.

The Garb Crew News Update

Garb John Rossi