Garb Oil & Power Corporation in Negotiations with FDG di Collu S.r.l. to Acquire Its Rubber Recycling Business in Italy
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SALT LAKE CITY, April 25, 2011 - Garb Oil & Power Corporation ("Garb") (OTCQB: GARB) is pleased to announce that it has identified a strong rubber recycling acquisition candidate with existing contracts and substantial facilities. The candidate is located in Italy and could play a significant role related to potential joint ventures the Company is exploring. In addition to the technology and management experience GARB would provide to the acquisition, the facilities would be used to aid the Company in future tire recycling contracts that exist within the European Union. The business has a 24,000 metric tonne facility with appropriate warehouse and land. Garb expects to finalize the acquisition after the DD phase is completed in 45 days' time.
About Garb Oil & Power Corporation
Garb Oil & Power Corporation is a company dedicated to the application of ClosedCycle(TM) principle and NoWaste(TM) residue. Our plants for Rubber Recycling, EWaste and E-Scrap Recycling and Waste to Energy 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).
CONTACT:
GARB OIL & POWER CORPORATION:
John Rossi at Ph.: +1-801-738-1355
Email: info@garbmail.com
www.garbop.com
SOURCE Garb Oil & Power Corporation
Web Site: www.garbop.com
