GreenParts International Signs Recycled Oil Export Agreement With South Korean Partner; Global Exports Thriving

Aug 20, 2015, 11:08 ET from GreenParts International Inc.

ATLANTA, Aug. 20, 2015 /PRNewswire/ -- GreenParts International (OTC: GNPT), a metal and textile recycling company with multiple locations in Atlanta, Georgia, has released a statement from its CEO regarding the company's successful efforts to expand globally.

Chief Executive Officer Asif Balagamwala stated, "I'm extremely encouraged by our expanding relationship with our global partners. We just recently signed a term sheet to provide recycled oil to our South Korean partner and we have already begun to implement the first order and see this as not only a growing business but are delighted to fulfill part of our mission statement of creating a better global environment." The CEO continued, "In addition we have delivered on approximately 150 thousand dollars of our first shipment to SAH Global for our previously announced concrete recycling agreement. In both cases we see growth and very good margins in these new ventures."

The CEO concluded, "It is a major component of GreenParts Internationals' strategic five-year plan to diversify our business and be less dependent on metal recycling. I'm very excited about our new oil and concrete recycling ventures as well as other opportunities that are forthcoming. More details regarding all our new areas of business will be coming soon."

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission

SOURCE GreenParts International Inc.