ATLANTA, May 26, 2015 /PRNewswire/ -- GreenParts International, (OTCBB "GNPT") a metals recycling company with multiple locations in Atlanta, Georgia, is nearing completion of its strategic planning process and anticipates implementation of a new five-year plan in the early part of the 3rd quarter.
The GreenParts comprehensive strategic planning process has been a priority for recent quarters. GreenParts CEO Asif Balagmwala stated, "It is exciting to note that the strategic planning process has caused us to identify and begin taking advantage of a variety of unique opportunities and relationships that will be generating new revenue."
Balagmwala noted, "In order to serve the marketplace, we are strategically exploiting our organizational strengths and values and correlating them with the strengths of our partners and allies. This facilitates capitalizing on the vulnerabilities of the competitive marketplace."
An integral component of the strategic plan is a comprehensive review of GreenParts core operations as well as its global operations and partners. The implementation of this plan is intended to significantly improve operational performance and ultimately enhance earnings and shareholder value.
Balagmwala added, "Each quarter of the strategic plan is designed to provide short-term guidance and progress toward achievement of our long-term goals. While we are extremely focused on streamlining our debt, we are simultaneously committed to expanding our business verticals. As an example of a "vertical" GreenParts, together with a key international partner, and with essentially no resource diversion, proudly announces launch of our new clothing recycling project. We are particularly excited about this arena because it's a new revenue stream and also because of the additional exposure to other multinational markets and alliance opportunities."
The plan also identifies and prioritizes added new opportunities in several distinct markets as: electronics recycling, a renewed focus on scrap metal management, and boutique catering to both scrap metal generators and metal consumers. The company will be releasing more information regarding these opportunities in the coming weeks. "Any strategic plan has to be cognizant of the past, but at the same time very focused on the future. This is a very exciting time in our company's history, and through this plan we are putting a laser focus on optimizing our asset's, streamlining our operation, as well capitalizing on our enormous potential for growth. It is my personal obligation, and mission to make GreenParts International an innovator, and leader in the recycling industry," the Chief Executive Officer concluded.
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.