Business
Garb Oil & Power Corporation Receives Approval to Purchase Industrial Manufacturing Site and Hires Investor Relations Firm
Garb Oil & Power Corporation Receives Approval to Purchase Industrial Manufacturing Site and Hires Investor Relations Firm.
About this update from Garb Oil & Power Corp
[{"type":"text","content":"\n \n \n Garb Oil & Power Corporation Receives Approval to Purchase Industrial Manufacturing Site and Hires Investor Relations Firm\n \n \nGarb Oil & Power Corporation Receives Approval to Purchase Industrial Manufacturing Site and Hires Investor Relations Firm\n \n LARGO, FL--(Marketwired - May 19, 2014) - Garb Oil & Power Corporation (OTC Pink: GARB) (PINKSHEETS: GARB) On May 13, 2014 the United States Bankruptcy Court for the District of Delaware approved the Company's $509,900 \"As-Is\" Asset Purchase Agreement with MFM Industries, Inc. for an industrial manufacturing property and remaining equipment that includes a 51,379 square foot warehouse and a 7,600 square foot covered wet shed for storing raw materials for the manufacturing process. The industrial manufacturing site is located in Reddick, Florida on 10.28 acres of land for the Company's previously announced wood pellet manufacturing and excess electricity operation. Some of the manufacturing equipment and infrastructure that remains on the site from MFM Industries' closed cat litter operation meets most of the Company's needs to manufacture wood pellets. The purchase closing is set to be on or before June 30th. \n The Company has retained the investor relations firm of Pacific Equity Alliance LLC to perform direct investor relations services. The President of Pacific Equity, Zachary R. Logan, states \"Our firm is thrilled to be working in tandem with Garb Oil & Power. After careful due diligence and consideration from management we feel GARB has tremendous future growth in fundamental developments and upside potential moving forward. Our team welcomes any and every shareholder of GARB to contact myself or any one of our representatives on behalf of the Company.\" Their investor relations contact information is detailed below under \"Investor Relations Contacts:\".\n About Garb Oil & Power Corporation\n Garb Oil & Power Corporation (OTC Pink: GARB) (PINKSHEETS: GARB) has a long company history in the fast growing industry of waste recycling and specifically related to waste-to-energy. Garb is organized to utilize both next-generation machines and new technologies, including those contributed to the Company by the Burda Families, to vertically integrate into the waste refinement, recycling and energy industries. In addition to selling new tires,...