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Virtual Sourcing, Inc. (PGCX)

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Last Post: 4/1/2017 2:06:06 PM - Followers: 133 - Board type: Free - Posts Today: 0

 
OUTSTANDING SHARES 180 MILLION

PGCX just went through a 9 month process to get an S1 share offering approved through the SEC. It required audited financials and very detailed information about the company. Any information you want about the company is located at this link.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10378221

The S1 was approved by the SEC on January 8th 2015! They are raising funding by selling 35 million shares at a price of $1.00. The funding is supposed to be used for the recycling business. The company is building the foundation to enter this sector and be a fully reporting company.
 



Mario Faraone President     

Virtual Sourcing, Inc, 615 Washington, Independence , KS 67301
Telephone: 877-291-0053
http://www.virtualsourcinginc.com/
info@virtualsourcinginc.com






ABOUT PGCX DIRECTLY FROM THE S1 OFFERING

(RECYCLING FIBERGLASS)
In conjunction with partners, licensors, and the manufacturers themselves, we will utilize a number of facilities around the country for recycling of fiberglass waste and production of useful end-products. Starting in a tri-state region that includes West Virginia, Virginia, South Carolina and North Carolina, the Company will construct or utilize other facilities and subsidiary companies near major fiberglass manufacturing hubs. Additional locations will be developed along the Atlantic seaboard and the Gulf Coast where abandoned, damaged, or sunken boats may be salvaged for fiberglass that can then be used to manufacture our proposed products.  In order to pursue its strategic objectives, the Company plans to utilize a portion of the proceeds received from this offering, as well as its available cash, cash generated from operations and additional cash as may be raised via equity or debt offerings as may be approved by its Board of Directors.  As of the date of this prospectus, neither the Company, nor Allied Recycling Corp have contracts or agreements to purchase fiberglass waste, purchase concrete, manufacture or produce our proposed products, or distribute our proposed products.

(KRUUD KLEEN)
On July 5, 2014, Allied Recycling Corp. entered into a Marketing Agreement with EYII, LLC which has allowed Allied Recycling Corp. to obtain the exclusive wholesale marketing rights to a chemical solution that increases the speed of separation of oil and solids from water in existing tanks.  The name of the separation product is Kruud Kleen™.  EYII has allowed Allied Recycling Corp. to purchase the separation product for 2/3 of the suggested retail price at which the product is customarily sold.  Payment is owed by Allied Recycling Corp. within five days of its receipt of payment by the customer.  The Company plans to sell such separation product to oil production and storage facilities in the United States.  The Company agreed to issue to EYII 5 million shares of its common stock as payment for the exclusive wholesale marketing rights.  The five million shares to be issued pursuant to the agreement were issued on December 9, 2014.  A purchase order was issued to Allied Recycling Corp. on July 23, 2014, consisting of a minimum of 70 barrels per week and a maximum of 105 barrels per week of the separation product to be provided to a third party.  To date the Company has sold 18 barrels and the Company is awaiting the completion of the third party’s end user site to continue filling the purchase order.
 
The chemical, which was branded today as Kruud Kleen™, has a primary function is to separate oil and water to recycle the water for use in fracking, pumping down oil and gas wells or for agricultural irrigation. The separated oil is then available for sale on the spot market. We are looking for other products relative the oil patch to distribute as well so that we might be able to fulfill all the needs of the oil service companies in recovering as much oil as possible from the water and from other mud/slurry derived from pumping the well(s).
 

The product was in the process of being sold by the formula’s owners with potential customers before our involvement. This is an exclusive U.S. wholesale distribution agreement so all contacts by our supplier have been forwarded to us.

The owner of the product formula has used it in various wells and tested it on frack water, sludge from oil tanks and mud from wells over the last couple of years. Every test on this formula has been successful in separating the oil from the water in two to three days depending on the material being separated. The savings comes from reducing the cost of other chemicals used, reduction in the use of machinery plus reduced power and labor.
 
The purchase order requires a minimum purchase of 70 barrels per week and a maximum of 105 barrels per week.  The sales price is $1,000 per barrel and our contract cost is $800 per barrel., which results in a minimum purchase annually of $3,640,000 with the maximum being $5,460,000. The Company’s gross profit is approximately $200 per barrel.  The market price per barrel has been set by the members of EYII and that is the standard price at which each barrel has been sold over the previous two years by the owners of EYII.
 
The administrative office of the Company was located at 1200 G St. NW, Suite 800, Washington, DC 20005, and the company has changed locations due to a new office lease.  The new office address for the Company is 615 Washington, Independence , KS 67301 .  The Company plans to use this office space until it requires larger space.  The company fiscal year end is June 30.  The Company has not been subject to any bankruptcy, receivership or similar proceeding.





LATEST NEWS



Virtual Sourcing Receives its First Purchase Order

WASHINGTON, DC--(Marketwired - Jul 24, 2014) - Virtual Sourcing, Inc. (OTC Pink: PGCX) (PINKSHEETS: PGCX) subsidiary Allied Recycling Corp (ARC) received its first purchase order to deliver chemicals for oil and water separation per the wholesale distribution agreement announced last week.

The purchase order requires delivery of a minimum of 70 barrels and a current maximum of 105 barrels per week for one year with the first delivery scheduled for July 30, 2014. The revenue will range between $3,640,000 and $5,310,000 with profits between $700,000 and $1,000,000 for the duration of the purchase order.
 

Virtual Sourcing Signs Significant Distribution Agreement

WASHINGTON, DC--(Marketwired - Jul 15, 2014) - Virtual Sourcing, Inc. (OTC Pink: PGCX) (PINKSHEETS: PGCX) subsidiary Allied Recycling Corp (ARC) has signed an exclusive United States wholesale distribution agreement to distribute barrels of chemicals used in the treatment of oil derived waste water allowing the water to be recycled and reused in the oil fields and the oil recovered available for sale. The process substantially improves the separation and increases the speed of separation an average of approximately 250%.

The product has undergone rigorous testing with great success and is ready to be distributed starting in late July, 2014. The suggested retail price is $1,200 per barrel, our wholesale price is $1,000 with our purchase price from the manufacturer at $800 per barrel. These prices provide a substantial savings to the user over the current costs of existing products. We expect initial sales to exceed fifteen barrels per day by the end of July 2014. Our goal is to sell more than $4,800,000 of the product in the first year with gross profit in excess of $900,000.

This product expands the recycling business of ARC and will assist in supporting the expansion to other products in the recycling/recycled products field. The product has yet to be branded but will be by months end.



Virtual Sourcing, Inc. Updates Shareholders
INDEPENDENCE, KS, Jan 13, 2015 (Marketwired via COMTEX) -- Virtual Sourcing, Inc. (OTC PINK: PGCX), The Company's S-1 registration statement has been declared effective as of January 8, 2015, which will allow the company to immediately seek funding for acquisitions.

The company has moved its operations to Kansas in order to expand the marketing of chemicals in the Oil Patch. Virtual Sourcing, Inc. and its subsidiary, Allied Recycling Corp., have been actively seeking additional products for sale. The subsidiary continues to develop its testing and application programs for spring 2015 introduction.

Virtual Sourcing, Inc. intends to expand its business by seeking additional acquisitions and joint ventures for projects in the Oil Patch region.

Further growth requires the expansion of board of directors with qualified and experienced individuals related to our products and services.

"I would like to thank the Shareholders for remaining loyal and for their continued support for the company," stated Mario Faraone, President. "We are looking forward to this exciting time, and to fulfilling the goals described in our business plan."


 

 

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#14601   At this point anything is possible I guess. hammy3777 04/01/17 02:06:06 PM
#14600   i think we have to wait for the kazzz3 03/31/17 06:20:47 PM
#14599   The good news that has been forthcoming is hammy3777 03/31/17 03:21:42 PM
#14598   yes ,sir Fibanotch 03/15/17 12:35:12 AM
#14597   He doesn't answer his phone and won't return hammy3777 03/14/17 09:13:33 PM
#14596   call fing mario and ask him whats up? kazzz3 03/14/17 08:49:17 PM
#14595   I let my PACER lapse so I don't hammy3777 03/14/17 08:46:44 PM
#14594   have you seen anything forcing him to liquidate? kazzz3 03/14/17 08:44:46 PM
#14593   i know the pumpers are stitting on at kazzz3 03/14/17 08:41:48 PM
#14592   Yes unless he was forced to liquidate. hammy3777 03/14/17 08:41:19 PM
#14591   like i ask you who owns the ticker kazzz3 03/14/17 08:39:50 PM
#14590   I think there is a bit of wishful hammy3777 03/14/17 08:37:59 PM
#14589   you think they are waiting for the paint kazzz3 03/14/17 08:34:18 PM
#14588   I'm assuming that is your response to my hammy3777 03/14/17 05:52:02 PM
#14587   they need some business in other directions! that Fibanotch 03/14/17 02:28:23 PM
#14586   they need to do sommin! Fibanotch 03/14/17 01:56:46 PM
#14585   Yes that's how I understand it. There is hammy3777 03/08/17 08:33:39 AM
#14584   hey hammy as far as you know mario kazzz3 03/08/17 08:31:54 AM
#14583   rationale now that's a huge word for this stock logicaljerry 03/07/17 01:49:24 PM
#14582   It has been claimed that this will be hammy3777 03/04/17 06:01:49 AM
#14581   oh I love the volume it makes me logicaljerry 03/03/17 12:37:26 PM
#14580   , Fibanotch 03/01/17 10:46:48 AM
#14579   Some descent bids this fine morning. hammy3777 02/28/17 11:33:15 AM
#14578   holding Fibanotch 02/28/17 10:18:58 AM
#14577   Hi kazzz! Thanks for the invite. As soon hammy3777 02/28/17 03:37:36 AM
#14576   yup all 5 bucks lol the trade cost kazzz3 02/28/17 12:38:22 AM
#14575   hahaha yep we're knockin em dead. hammy3777 02/27/17 06:27:38 PM
#14574   UP 100% ...lets go0o0o0o! Fibanotch 02/27/17 10:14:12 AM
#14573   lol Fibanotch 02/24/17 08:05:35 AM
#14572   I guess, depends on the mood Fibanotch 02/24/17 08:04:25 AM
#14571   Johnny Dangerously, Moroni? hammy3777 02/23/17 02:32:17 PM
#14570   You are very cryptic in your attempts at hammy3777 02/23/17 01:27:57 PM
#14569   ok Fibanotch 02/23/17 01:25:37 PM
#14568   MMJ? hammy3777 02/23/17 01:18:58 PM
#14567   I like it , longer term...I c a Fibanotch 02/23/17 01:14:32 PM
#14566   huh, wasn't me! Fibanotch 02/23/17 01:12:25 PM
#14565   Fib I love gangster movies but you got hammy3777 02/23/17 01:11:26 PM
#14564   whats that? Fibanotch 02/23/17 01:09:34 PM
#14563   hahaha I'm gonna guess you like gangster pics! hammy3777 02/23/17 01:08:25 PM
#14562   ju got it mheng Fibanotch 02/23/17 01:06:35 PM
#14561   LOL I got it a little while later. hammy3777 02/23/17 05:54:02 AM
#14560   odd father Fibanotch 02/22/17 11:57:38 PM
#14559   about what my friend? kazzz3 02/22/17 09:12:04 PM
#14558   Pop? Would that be in reference to my age? hammy3777 02/22/17 11:46:00 AM
#14557   we'll get there pop , well get there. Fibanotch 02/22/17 11:25:07 AM
#14556   With you all the way on that concept Fib!!!! hammy3777 02/22/17 10:55:02 AM
#14555   lets make a good trade. Fibanotch 02/22/17 10:51:49 AM
#14554   You got a good sense of humor. Displayed hammy3777 02/22/17 10:50:15 AM
#14553   u got it , hamm! lol Fibanotch 02/22/17 10:48:30 AM
#14552   Hold the phone here kazzz you appear to hammy3777 02/22/17 10:47:50 AM
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