GARB...Today's answer to E-waste
Electronic waste (e-waste) is a real and growing problem in the United States and other developing countries. Garb Oil & Power has the technology to solve this worldwide crisis.
This video made its public premier at the West Coast Wall Street Conference in Newport Beach on October 5, 2011.
Garb Oil & Power trades under the ticker GARB.pk on the OTC.
This video made its public premier at the West Coast Wall Street Conference in Newport Beach on October 5, 2011.
Garb Oil & Power trades under the ticker GARB.pk on the OTC.
An Overview of Progress
From 1972 to 2009, Garb was led by John Brewer who was a pioneer in the recycling industry and waste industry. John C. Brewer invented, patented and produced the first shredder in the world designed specifically for shredding tires. In 1995 he patented the first OTR (Off the Road) Tire Processor; this innovation inspired a variety of designs aimed at handling the large massive tires produced for the mining and construction industry.
By 2009 Garb had developed an impressive portfolio of patents and technological know-how within the recycling industry. In October 2009, in an effort to bring Garb to the next phase of its development and progress, the Company acquired Resource Protection Services GmBH (“RPS”) in a reverse acquisition. RPS, a German based company, had developed waste recycling units throughout Europe based on the patents of its Chief Technology Officer Igor Plahuta. Igor Plahuta and John Rossi through their companies sold over 135 machines between 1999 and 2007. Additionally, Messrs. Rossi and Plahuta contributed and participated in designing, building and developing over 15 plants in a variety of sizes in the waste industry. All of these are in operation as proof to the acceptability, need and success of the Company’s technology.
Upon acquiring RPS, the Company appointed John Rossi as its President and Igor Plahuta as its Chief Technology Officer. Messrs. Rossi and Plahuta immediately shifted the Company’s focus from patent development to marketing and revenue generation based on its technology. In the past RPS had acted as an engineering company when marketing its machines, receiving one time revenues from the sale and an ongoing maintenance agreement. With its technology now a part of Garb, it was decided that building full recycling plants around the Company’s patents and machines with joint venture partners would provide a larger upside for shareholders in terms of revenues and assets.
From October 2009 to the present, management has laid the infrastructure and aligned the necessary resources to allow the Company to begin building plants under its joint venture business model. In management’s opinion the joint venture model would allow the Company the ability to build numerous plants simultaneously without the burden of accessing capital and each plant would provide an ongoing source of revenues to sustain the Company’s growth.
With the 24 month process of positioning Garb to begin building plants complete, the ongoing keys to the success of the revenue model are and will be:
From 1972 to 2009, Garb was led by John Brewer who was a pioneer in the recycling industry and waste industry. John C. Brewer invented, patented and produced the first shredder in the world designed specifically for shredding tires. In 1995 he patented the first OTR (Off the Road) Tire Processor; this innovation inspired a variety of designs aimed at handling the large massive tires produced for the mining and construction industry.
By 2009 Garb had developed an impressive portfolio of patents and technological know-how within the recycling industry. In October 2009, in an effort to bring Garb to the next phase of its development and progress, the Company acquired Resource Protection Services GmBH (“RPS”) in a reverse acquisition. RPS, a German based company, had developed waste recycling units throughout Europe based on the patents of its Chief Technology Officer Igor Plahuta. Igor Plahuta and John Rossi through their companies sold over 135 machines between 1999 and 2007. Additionally, Messrs. Rossi and Plahuta contributed and participated in designing, building and developing over 15 plants in a variety of sizes in the waste industry. All of these are in operation as proof to the acceptability, need and success of the Company’s technology.
Upon acquiring RPS, the Company appointed John Rossi as its President and Igor Plahuta as its Chief Technology Officer. Messrs. Rossi and Plahuta immediately shifted the Company’s focus from patent development to marketing and revenue generation based on its technology. In the past RPS had acted as an engineering company when marketing its machines, receiving one time revenues from the sale and an ongoing maintenance agreement. With its technology now a part of Garb, it was decided that building full recycling plants around the Company’s patents and machines with joint venture partners would provide a larger upside for shareholders in terms of revenues and assets.
From October 2009 to the present, management has laid the infrastructure and aligned the necessary resources to allow the Company to begin building plants under its joint venture business model. In management’s opinion the joint venture model would allow the Company the ability to build numerous plants simultaneously without the burden of accessing capital and each plant would provide an ongoing source of revenues to sustain the Company’s growth.
With the 24 month process of positioning Garb to begin building plants complete, the ongoing keys to the success of the revenue model are and will be:
1) The equipment, the technological know-how and the engineering expertise to build recycling plants
-Garb holds numerous recycling patent and its management team has over 20 years experience in the business. Additionally, there are 135 machines operating throughout Europe that have been sold, engineered and based on the patents of current management. These are not prototypes or “proof of concept” models, these machines are fully operational and generating revenues.
2) Joint Venture Partners with the financial resources to build a recycling plant
-In August 2011 Garb entered a joint venture with ACG Consulting LLC to build 7 E-Waste recycling facilities within the next 3 years. ACG is a manager and facilitator of foreign investors seeking investments in the U.S. under the EB-5 Pilot Program. The EB-5 Pilot Program requires that a foreign investor make a minimum investment of $500,000 in a U.S. company in order to experience the benefits of the program.
-Additional joint venture partners are in the due diligence phase and are expected to materialize by the end of 2011
-Additional joint venture partners are in the due diligence phase and are expected to materialize by the end of 2011
3) Continuous supply and source of recyclable material
-It is estimated that E-waste refuse will grow in the United States from the current 2.5 million tons per year to over 10 million tons per year by 2017. This together with the current trend by US States to ban the dumping of electronic waste in landfills will accelerate the trend towards alternative industrial solutions like Garb’s to the processing and handling of electronic waste.
-The European Union identifies 10 streams of electronic waste, which are treated and properly handled by specific set up plants using Garb’s technology. Recently North Carolina banned electronic waste from landfills and identified 15 streams to be banned. The trend in the States is to follow the European Union in the handling of E-Waste and Garb is perfectly positioned to take advantage of this.
-The European Union identifies 10 streams of electronic waste, which are treated and properly handled by specific set up plants using Garb’s technology. Recently North Carolina banned electronic waste from landfills and identified 15 streams to be banned. The trend in the States is to follow the European Union in the handling of E-Waste and Garb is perfectly positioned to take advantage of this.
4) End user/buyer for recycled material
- The Garb plants produce ultimately 4 types of products; copper, aluminum, alloys and plastic. These 4 groups of products are basically commodities and are sold in exactly this manner. The many refineries in the US and abroad are interested in forming long term relationships with Garb for the supply of these prime resources. Each plant sells its product to foundries or refineries around the world, these sales are tied to long term futures contracts, providing Garb with a continuous stream of revenue linked to the maximum capacity of production that each plant can generate.
In addition to developing cutting-edge recycling technology and patents, Garb has created a blueprint for turning those resources into ongoing revenues and growth for its shareholders. Like most business plans, the model and revenue stream make sense on paper. The true success or failure these business models are in the ability to execute that model and secure the necessary resources to do so.
Management’s previous sale of 135 machines, current joint venture with ACG Consulting LLC and ongoing developments has shown the ability and potential of Garb to execute their business model successfully. With all its resources aligned and infrastructure in place, the Company expects to announce several material developments over the next 90-120 days. In addition to securing joint venture partners Garb is expanding its portfolio of patents and technology to various other sectors of the recycling industry including waste to energy and car recycling. We believe these new and evolving markets will show extremely long term growth over the next 30 to 50 years
Management’s previous sale of 135 machines, current joint venture with ACG Consulting LLC and ongoing developments has shown the ability and potential of Garb to execute their business model successfully. With all its resources aligned and infrastructure in place, the Company expects to announce several material developments over the next 90-120 days. In addition to securing joint venture partners Garb is expanding its portfolio of patents and technology to various other sectors of the recycling industry including waste to energy and car recycling. We believe these new and evolving markets will show extremely long term growth over the next 30 to 50 years
The ClosedCycle™ principle
“Taking a used product at the end of its life cycle, disintegrate it in its various components and reutilize each of the components to create another new or similar product, leaving no waste.”
Shareholder Interviews with CEO John Rossi
Latest News
Garb News & Announcements
November 1 2011 - A shareholders meeting will be held on December 10, 2011
SALT LAKE CITY, Nov. 1, 2011 /PRNewswire via COMTEX
Garb announced today that a shareholders meeting will be held on December 10, 2011 at 11.00 am. The shareholders meeting will take place at the Little America Hotel on 500 South Main Street in Salt Lake City, UT 84101.
The agenda for the shareholders meeting will be following:
Approve changes to the current Article 4 of the company's Articles of Incorporation and specifically related to:
John Rossi, President of Garb Oil & Power, stated "As we prepare to enter the production and revenue phases of our business model we felt it necessary to hold a shareholders meeting and address any issues before pushing forward. More specifically, we want to bring our capital structure inline with our plans for the future. In reviewing our authorized shares and our future plans we did not see the need for our authorized to be as high as 50 billion." Rossi continued, "We want our shareholders to see that we are taking all measures possible to build shareholder value and corporate credibility for Garb. We look forward to seeing as many of you as possible."
Garb announced today that a shareholders meeting will be held on December 10, 2011 at 11.00 am. The shareholders meeting will take place at the Little America Hotel on 500 South Main Street in Salt Lake City, UT 84101.
The agenda for the shareholders meeting will be following:
Approve changes to the current Article 4 of the company's Articles of Incorporation and specifically related to:
- Discussion and approval to reduce the current authorized shares from 50,000,000,000 to 6,000,000,000 common shares.
- The elimination of the Class C preferred stock
- The elimination of Class B preferred stock and the conversion of said shares into Garb common stock at the current assigned value of conversion
- To reduce Class A preferred stock voting and conversion powers
- To provide shareholders with an update on the company and discuss and review our results
- To outline our future strategy
- Any other business
John Rossi, President of Garb Oil & Power, stated "As we prepare to enter the production and revenue phases of our business model we felt it necessary to hold a shareholders meeting and address any issues before pushing forward. More specifically, we want to bring our capital structure inline with our plans for the future. In reviewing our authorized shares and our future plans we did not see the need for our authorized to be as high as 50 billion." Rossi continued, "We want our shareholders to see that we are taking all measures possible to build shareholder value and corporate credibility for Garb. We look forward to seeing as many of you as possible."
October 11 2011 - Garb Secures Short Term Capital
SALT LAKE CITY, Oct. 11, 2011 /PRNewswire via COMTEX
Garb is pleased to announce that short term capital has been secured. This short term capital will assist Garb in completing financial filings by mid-November and provide overhead working capital until February 2012. Management believes this funding will provide sufficient resources for Garb until the Company begins accessing their previously announced $20,000,000 line of credit, which will be available shortly after the filings are completed.
John Rossi, President and CEO of Garb, stated, "This funding allows us to get our filings completed and focus our efforts on the implementation of our $20,000,000 Line of Credit to bring our model and technology to fruition."
Additionally, Rossi stated, "The West Coast Wall Street Conference we attended in Newport was a tremendous success in terms of the number of investors and parties that have expressed an interest in Garb. We are now in the process of following up and providing additional due diligence material to the interested parties and will provide progress updates to our shareholders as they materialize."
Garb is pleased to announce that short term capital has been secured. This short term capital will assist Garb in completing financial filings by mid-November and provide overhead working capital until February 2012. Management believes this funding will provide sufficient resources for Garb until the Company begins accessing their previously announced $20,000,000 line of credit, which will be available shortly after the filings are completed.
John Rossi, President and CEO of Garb, stated, "This funding allows us to get our filings completed and focus our efforts on the implementation of our $20,000,000 Line of Credit to bring our model and technology to fruition."
Additionally, Rossi stated, "The West Coast Wall Street Conference we attended in Newport was a tremendous success in terms of the number of investors and parties that have expressed an interest in Garb. We are now in the process of following up and providing additional due diligence material to the interested parties and will provide progress updates to our shareholders as they materialize."
September 27 2011 - Garb Will Be Present at The West Coast Wall Street Conference
SALT LAKE CITY, Sept. 27, 2011 /PRNewswire via COMTEX
Garb will attend The West Coast Wall Street Conference in San Diego at The Balboa Bay Club & Resort, 1221 W. Coast Hwy, Newport Beach, CA 92663, Wednesday, October 5, 2011 from 10:00 AM to 2:00 PM (PT)
Garb will be one of 5 companies to have a booth at the conference. GARB will have 15 minutes of air time on the "Big Biz Show" which will be broadcasting live on 1220 AM KDOW radio or you can listen live online at http://www.businesstalkradio.net/weekday_host/bbs.shtml
John Rossi, CEO of GARB will be presenting at 11:00 AM in front of a group of approximately 100 accredited investors.
We welcome all to tune in or come and see us at the conference; you are all welcome to review the conference at www.sandiegoinvestmentconference.com
Garb will attend The West Coast Wall Street Conference in San Diego at The Balboa Bay Club & Resort, 1221 W. Coast Hwy, Newport Beach, CA 92663, Wednesday, October 5, 2011 from 10:00 AM to 2:00 PM (PT)
Garb will be one of 5 companies to have a booth at the conference. GARB will have 15 minutes of air time on the "Big Biz Show" which will be broadcasting live on 1220 AM KDOW radio or you can listen live online at http://www.businesstalkradio.net/weekday_host/bbs.shtml
John Rossi, CEO of GARB will be presenting at 11:00 AM in front of a group of approximately 100 accredited investors.
We welcome all to tune in or come and see us at the conference; you are all welcome to review the conference at www.sandiegoinvestmentconference.com
September 26 2011 - Shareholders Conference Call Questions
SALT LAKE CITY, Sept. 26, 2011 /PRNewswire via COMTEX
Our next conference call is set for Thursday September 29, 2011 at 4:15 pm Eastern Time.
Interested participants should call in to listen: PHONE: 218-339-3600 - Conference code: 767741#
Our next conference call is set for Thursday September 29, 2011 at 4:15 pm Eastern Time.
Interested participants should call in to listen: PHONE: 218-339-3600 - Conference code: 767741#
September 14 2011 - Agreement With PSP Venture to Manage Garb's Investor Relations Resources
SALT LAKE CITY, Sept 14, 2011 /PRNewswire via COMTEX
Garb Oil & Power Corporation announced today that it has entered into an investor relations agreement with PSP Venture, Inc. to provide comprehensive investor relations services on behalf of Garb. Garb has experienced sharp increases in investor and press queries necessitating the addition of a full time presence to process its investor's needs.
"There is quite a bit of attention given to the solid partnerships we have penned over the past few months," said John Rossi, President and CEO of Garb. "We went from a few inquiries a month to several per day. We have always provided transparency to our investors, and this is our next step in ensuring that it continues to be part of our mission. This will be a non-dilutive engagement, where PSP Venture Inc. will take on a substantial part of the initial expenses and Garb will contribute only a nominal fee."
Platon Petratos, CEO of PSP Venture, Inc., will head up Garb's investor relations desk. "Investors are essential to the success of GARB," said Petratos. "There's a lot of interest in what's going on with what I can only describe as a sleeping giant. People are starting to see the alignment that is taking place as the various joint ventures progress. It's important to provide a resource that will give investors a place to get their questions and concerns answered." Petratos added, "Effective immediately, we will start taking investor queries at our Gulfport, MS office." PSP Venture's investor hotline is available M-F from 9:00 AM to 11:00 PM EST and can be contacted at (850)396-8580.
Garb Oil & Power Corporation announced today that it has entered into an investor relations agreement with PSP Venture, Inc. to provide comprehensive investor relations services on behalf of Garb. Garb has experienced sharp increases in investor and press queries necessitating the addition of a full time presence to process its investor's needs.
"There is quite a bit of attention given to the solid partnerships we have penned over the past few months," said John Rossi, President and CEO of Garb. "We went from a few inquiries a month to several per day. We have always provided transparency to our investors, and this is our next step in ensuring that it continues to be part of our mission. This will be a non-dilutive engagement, where PSP Venture Inc. will take on a substantial part of the initial expenses and Garb will contribute only a nominal fee."
Platon Petratos, CEO of PSP Venture, Inc., will head up Garb's investor relations desk. "Investors are essential to the success of GARB," said Petratos. "There's a lot of interest in what's going on with what I can only describe as a sleeping giant. People are starting to see the alignment that is taking place as the various joint ventures progress. It's important to provide a resource that will give investors a place to get their questions and concerns answered." Petratos added, "Effective immediately, we will start taking investor queries at our Gulfport, MS office." PSP Venture's investor hotline is available M-F from 9:00 AM to 11:00 PM EST and can be contacted at (850)396-8580.
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.
Garb-Oil & Power Corporation - OTCBB: GARB.OB