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Garb Oil & Power Corporation’s CEO and President Tammy Taylor Addresses Shareholders to Review 2014 Corporate Initiatives and Operations
Garb Oil & Power Corporation’s CEO and President Tammy Taylor Addresses Shareholders to Review 2014 Corporate Initiatives and Operations.
About this update from Garb Oil & Power Corp
[{"type":"text","content":"Garb Oil & Power Corporation’s CEO and President Tammy Taylor Addresses Shareholders to Review 2014 Corporate Initiatives and Operations \n \nFOR IMMEDIATE RELEASE\nLargo, Fla., December 01, 2014/ Garb Oil & Power Corporation (OTCPink: GARB) Today the Company’s Chief Executive Officer and President Tammy Taylor released the following open letter to shareholders to review 2014 corporate initiatives and operations details headed up by the Company’s new management within the new Company Business Plan.\n \nTO THE SHAREHOLDERS OF GARB OIL & POWER CORPORATION\n \nFirst let me express my gratitude for the support shareholders have provided over the last year. \n \nAlthough the audit has taken longer than the company was initially told it would take, it is now almost complete and we fully expect it to be done by the end of the year. Since the audit includes 2011, 2012 and 2013 as well as the 2014 quarterly reviews, once complete, Garb will be able to restore to full SEC reporting. Getting to this point is a tremendous accomplishment, especially since former management had allowed it to get so far behind. \n \nEarly this year, I stated my, and the new Company team’s commitments: “We intend to rebuild shareholder trust by executing on our expanded business plan, building our revenue base, and increasing our shareholder value. The Company must create real value while continuing to explore additional business opportunities.” \n \nSince then we filed OTC Initial Filings and moved up to OTC Pink Current Information and shortly thereafter generated $200,000 in revenue. We began the company’s vertical integration in the waste refinement, recycling and energy industries through the plans for a wood pellet plant. Although the site the company previously had under contract fell through, a suitable site is still being aggressively sought. \n \nThen the company announced it had created a new division to serve the Medical Marijuana Industry. Although the initiative on Florida’s 2014 ballot did not gain enough votes to pass, the company is under contract to purchase a paraphernalia company, Chubby Glass, located in Colorado. There are 23 states in the U.S. that allow the use of Medical Marijuana. Acquiring the company will allow Garb to market to these 23 states. Chubby Glass has been ge...