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.