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

Garb Oil & Power Corporation (OTCBB:GARB) www.garbop.com 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. Read More...

Garb-Oil & Power Enter into an agreement

Garb-Oil & Power Corporation’s (OTCBB:GARB) founder and chief executive officer, Mr. John Brewer, advised the Company that he entered into an agreement with Mr. John Rossi of Resource Protection Systems GmbH Germany, whereby Mr. Rossi agreed to buy 23,046,611 shares of the Garb common stock from Mr. Brewer's personal holdings. The Agreement to purchase Mr. Brewer's shares expires on March 10, 2010. Read More...