InfoSpi Signs Letter of Intent with Tire to Oil Operator
FT. LAUDERDALE, Fla., Jan. 14 /PRNewswire-FirstCall/ -- InfoSpi (OTC Bulletin Board: ISPI) has signed a letter of intent with Little Lighthouse, LLC for exclusive rights to operate Tire to Oil 'T2O' facilities in Duval, St. Johns, Volusia, Brevard, Seminole, Orange, and Osceola Florida.
"We have been looking to enter the recycling industry for some time and this seems to address many issues which we feel are important to both our business and the environment," says Don Bullock, Manager of Little Lighthouse. He went on to say, "Helping to bring an end to the current practice of disposing of waste tires in landfills or burning them as a source of energy for heavy industry must stop."
InfoSpi 'T2O' plans to open its pilot plant at Pompano Beach early 2011 which will serve as demonstration facilities to both permitting agencies and prospective operators from around the country. Haim Mayan, COO, stated that the company will be working as hard as it can to obtain permits in a shorter time to enable the facility to open ahead of program.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of InfoSpi Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE InfoSpi Inc.