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Garb Oil & Power Corporation's CEO and President Tammy Taylor Addresses Shareholders to Provide Progress Report on Company Operations' Initiatives
Garb Oil & Power Corporation's CEO and President Tammy Taylor Addresses Shareholders to Provide Progress Report on Company Operations' Initiatives.
About this update from Garb Oil & Power Corp
[{"type":"text","content":"\n \n \n Garb Oil & Power Corporation's CEO and President Tammy Taylor Addresses Shareholders to Provide Progress Report on Company Operations' Initiatives\n \n \nGarb Oil & Power Corporation's CEO and President Tammy Taylor Addresses Shareholders to Provide Progress Report on Company Operations' Initiatives\n \n LARGO, FL--(Marketwired - Apr 21, 2014) -  Garb Oil & Power Corporation (OTC Pink: GARB) (PINKSHEETS: GARB) -- Today the Company's Chief Executive Officer and President Tammy Taylor released the following open letter to shareholders to provide a clear picture of progress directly relating to Company operations' initiatives.\n TO THE SHAREHOLDERS OF GARB OIL & POWER CORPORATION\n The Company team has worked tirelessly on the corporate activities required to further the Company's operations within the framework of the Company's Business Plan to benefit all Garb shareholders. The Company Business Plan is for Garb to vertically integrate within the waste, recycling and energy industries with emphasis on operating its own plants. Below is a summary, including our progress to date in the development of the Company's operations.\n We announced last month that we had begun visiting potential properties for the Company's Tampa Bay Area office/warehouse and the first Florida production site, to be located north of the Tampa Bay Area. The office/warehouse will be used to house the Company's corporate staff and related activities. The warehouse portion's initial use will be to provide inventory space for new truck tires and show case industrial recycling equipment.\n Last week on Wednesday, April 16th, we disclosed in other corporate news that the Company has made significant progress on the purchase of its first Florida production site that is expected by all parties to be under contract early next month. This site is specifically being purchased to manufacture wood pellets to be used as an alternate power fuel and for farm and agricultural applications. In addition, the manufacturing facility will utilize power saving technology including the use of recycled materials as fuel that will result in lower operating costs. In addition, excess electricity will be generated that may be sold back to the power company, thereby the site generating an additional source of revenue.\n La...