Business
GREEN STREET CAPITAL SIGNS LOI WITH AFFORABLE BIO FEEDSTOCK
GREEN STREET CAPITAL SIGNS LOI WITH AFFORABLE BIO FEEDSTOCK.
About this update from Green Street Capital Corp
[{"type":"text","content":"Green Street Capital Corporation Signs a Letter of Intent with Affordable Bio Feedstock, Inc. Orlando, FL – (April 12, 2011) – Green Street Capital Corporation (the “Company”) is pleased to announce that on April 4, 2011 it signed a letter of intent (the “LOI”) with Affordable Bio Feedstock, Inc (“ABF”). The LOI sets forth the intentions of the Company and ABF with respect to the proposed acquisition by the Company of 100% of the issued and outstanding stock of ABF in exchange for the Company’s stock. The proposed acquisition is subject to the terms of a definitive agreement to be entered into by the parties by April 30, 2011 and is contingent among others on the satisfactory completion of due diligence, approval of the stockholders of the companies and required regulatory approval of the transaction. About Affordable Bio Feedstock, Inc. Affordable Bio Feedstock, Inc., a Florida corporation (“ABF”) is engaged in the recycling of grease trap waste using a proprietary process which separates this waste product into three commercially marketable products: (i) brown grease, a biomass which can be used as feedstock for the production of biofuel, among other applications; (ii) organic solids, which can be used as soil conditioner, rendering material or when mixed with coal, a biomass feedstock for electric power generation; and (ii) reclaimed water. ABF has operated its recycling plant in Kissimmee, Florida since 2009.You may visit the company’s website at www.abiofeedstock.com, or request more information by email at [email protected]. About Green Street Capital Corporation Green Street Capital Corp. invests in the development and commercialization of new and innovative eco-friendly and environmentally responsible technologies. Together with Affordable Bio Feedstock, the company is currently engaged in the recycling of grease trap waste and the production of biomass feedstock for use in blending biofuels and other applications. You may visit the company’s website at www.gsccventure.com, or request more information by email at [email protected]. Forward Looking Statements Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements made u...