FT. LAUDERDALE, Fla., Jan. 13 /PRNewswire-FirstCall/ -- InfoSpi Inc. (OTC Bulletin Board: ISPI) COO, Haim Mayan, is in the process of finalizing negotiations to lease a 40,000 Square feet warehouse with railroad access in Pompano Beach, Florida.
The warehouse shall be used to install InfoSpi's first Tire to Oil (T2O) facility which is seen to be a milestone in the company's T2O project. This 'flag ship' facility will be able to process 30 tons of used tires per day recovering Oil, Carbon Black and high grade Steel. "Our ability to convert over 1,000,000 -used tires in each of our facilities into much needed re-useable commodities is exciting," says Chris Hamilton CEO.
He went on to explain, "At present, the output of used tires in the United States is over 300 million tires per year; our Scrap Tire Pyrolysis Production Plant utilizes these tires, and is paid to do so (up to $100 per Ton), generating revenue of up to $400 per ton in material recovery and tipping fees."
The company's plans to roll out a network of franchised facilities around the country have already met with significant interest in the State of Florida. The Company expects to make further announcements in the very near future.
InfoSpi Inc. is a diverse alternative energy company involved with the production of sustainable Bio Fuels and Electricity. The business focuses on researching new and emerging technology in this field and seeks to capitalize on the commercialization of newly developed and perfected propriety solutions to the growing environmental demands.
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.