SALT LAKE CITY, March 15, 2011 /PRNewswire/ -- Garb Oil & Power Corporation ("Garb") (OTCQB: GARB), Garb has received a number of sales inquiries from India, QATAR, The Kingdom of Saudi Arabia and Canada. Garb management is actively preparing proposals related to these and other projects. The countries listed above, as well as numerous others, are anxious to solve their EWaste problems. The Company reports that each of their E-Recycling modules dissects up to 8,000 pounds of recyclables per hour. The Company's estimated earnings top 7 million dollars per year, per module.
President John Rossi states, "The inquiries follow our recent introduction of our new line of EWaste and Tire recycling machines. Our small EWaste Plants have also attracted interest from potential customers both within the United States and abroad. We continue to maintain strong optimism that current discussions will result in active machine or plant sales for potential clients in Q1 and Q2 2011."
Garb Oil and Power Corporation President John Rossi further states "2010 has been a year of consolidation for Garb. We have reduced our debt by over $3,000,000 and more reductions are expected in our 10K and 10Q throughout this year. "
Garb Oil & Power Corporation is a company dedicated to the application of ClosedCycle(TM) principle and NoWaste(TM) residue. Our plants for Rubber Recycling, E-Waste and E-Scrap Recycling, Waste to Energy and OTR processing plants are all developed with these principles in mind. Garb believes that processing waste should be economically viable and leave NoWaste(TM). It is our endeavor to build plants that continue to push the boundaries for the attainment of the ClosedCycle(TM) principles and a world with NoWaste(TM).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this document that are not historical fact, are forward-looking statements based upon management's current expectations. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The results anticipated by any or all of these forward-looking statements may not occur. Garb Oil & Power Corporation is not required to update its forward-looking statements.
John Rossi: 1-801-738-1355
SOURCE Garb Oil & Power Corporation