Garb Oil & Power Corporation (OTCBB:GARB)www.garbop.com announces that it has formed a consortium with seven other companies to build 10 E-scrap (E-Waste) plants in the eastern part of the US. The combined value of the projects is $135,000,000, spread over the next 24 months. Garb has finalized the agreement with Soil Remediation Inc. (SRI), Steel Valley Design Inc., LMW Holding Company Inc., Odyssey Environmental LLC, Robert D. Carcelli Inc., Liberian Holding Corporation Inc. and Three C's Distributing, Inc. The plants will process a combined 300,000 metric tonnes of E-Scrap (E-Waste) per year using the latest Garb technology in 10 states across the Eastern US seaboard. The plants will employ over 500 people once fully operational and will apply the Garb ClosedCycle™ principal of leaving NoWaste™. First plant will be completed 1st QTR 2011 with delivery of first machines expected by September 2010 and delivery of plants will continue to 1st QTR 2012.
John Rossi, Chairman and CEO, stated, “We are excited and honored to be participating in the consortium of eWaste USA Inc., with companies that have such long-standing experience and know-how, all contributing in some way to the projects. The eWaste USA Inc., will strengthen each of us individually, facilitating the overall speed and delivery of the projects, while enabling Garb to consolidate our ClosedCycle™ principal and contribute to a NoWaste™ process.” He went on to state, “As previously declared Garb will take the leading role in eWaste USA Inc., with 51% of the shares. Garb will contribute its E-Waste (E-Scrap) technology and expertise. The eWaste USA Inc. will own, manage and operate the 10 plants once they are built and contribute to a solid reduction of Electronic Waste (E-Waste) and general Electronic Scrap (E-Scrap) in Eastern USA.”
About the consortium companies:
LMW Holding Company, Inc., Lake Ridge, VA 22192-2469, Karlton W. Kilby CEO/President. For information contact Larry M. Williams at: Ph. 1703 494-6441 lmwholdingcompany@gmail.com. At LMW Holding Company, Inc. our mission is to provide trusted leadership in addressing industry challenges both foreign and domestic and to deliver programs and services to meet the identified needs of our partners. We will concentrate our efforts on measurably advancing participation in and understanding of business and business management, reaffirming and strengthening our partners’ commitment to safe and responsible business practices.
Soil Remediation Inc., (SRI) 6065 Arrel Smith Rd. LOWELLVILLE, OHIO 44436, David Gennaro CEO. Environmental clean up, Recycling and thermal treatment facility has been in business 18 years. The Asphalt Paving, Stone production and general construction has been trading for 73 years. Crushing plants, Soil Treatment Plant and Stone quarry located on 375 acre site. Email: sri6065@aol.com. WEBSITE www.soilremediationinc.com.
Steel Valley Design, Inc., 599 Spring St, Struthers, Ohio 44471. Lou Schepka CEO Website: www.steelvalleydesign.com, Email: steelvalleydesign@live.com. Steel Valley Design was established as a Corporation in October of 1988 dedicated to the purpose of designing and manufacturing specialized equipment for the manufacturing and processing industry in the United States. Our capabilities include complete engineering, foundation design, building and crane specifications. We are dedicated to supplying the highest quality and most efficient processing equipment available. Our goal for the future is to continue to grow in the environmentally conscious processing industry.
Odyssey Environmental LLC, PO Box 197, Mineral Ridge, OH 44440, Steve Grueber CEO, www.odysseyenvironmental.com is a full service environmental remediation company. ODYSSEY specializes in serving the Petroleum and Chemical Industry, utilizing the most cost effective solutions and innovative remediation technologies while holding the highest professional standards for environment compliance, safety and customer satisfaction. ODYSSEY is able to offer a multitude of different project solutions that have been used for the Government, State, and the private sector. ODYSSEY is able to create and develop a turnkey plan from implementation to completion of a project.
Robert D. Carcelli, Inc., 409 Edison St., Struthers, OH 44471, Robert D. Carcelli CEO, RobertDCarcelli@aol.com, is a consultant company incorporated in the State of Ohio. The primary focus and mission set forth by the company CEO/President is to develop green technology programs that would enhance and encompass new ways of dealing with waste of all phases either by reclamation, recycling, or recovery. The company's main goal is to find ways to turn waste into a reusable commodity, as well as turn waste into an alternative energy source that helps lower utility bills for businesses and households throughout the United States of America.
Liberian Holding Corporation, Inc., Gbarnga City, Bong County, Republic of Liberia, West Africa. James B. Tubah CEO. Website: www.liberianholdingcorporation.com, email: jbtubah@yahoo.com. The Liberian Holding Corporation, Inc. is a business established to illustrate and effect a renewed commitment seeking a greater quality of life for its employees and management. we enhance the entrepreneur spirit of our people, guiding them to establish their own companies, utilizing their assets, and seeking for opportunities to do business nationally and internationally. The 21st century, technological advancement has created transparent borders. The LHC, Inc. operates within these borders seeking to do business within established guidelines to the end that Liberians and others can benefit.
Three C's Distributing, Inc., 6065 1/2 Arrel Smith Rd., Lowellville, Ohio 44436. Roxann Carcelli CEO, Email: threecsdistinc@aol.com. Three C's Distributing, Inc. is a business established in working with the distribution of products and commodities of all lines. The company is currently undergoing efforts in redirecting its primary focus in building relationships with other businesses specializing in the green technology field.
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 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™.
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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.
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