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Virtual Sourcing, Inc. (PGCX)

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Last Post: 5/25/2017 3:23:38 PM - Followers: 137 - 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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PostSubject
#14633   PGCX 7's going. Level 2 very thin Multi-Bagger 05/25/17 03:23:38 PM
#14632   $PGCX @.0007 ANACONDA 292 05/25/17 02:58:34 PM
#14631   Good plan imho Multi-Bagger 05/22/17 03:49:39 PM
#14630   Yeah - tough day on volume but I masterclassic 05/22/17 03:46:46 PM
#14629   PGCX down on low volume. Back to double Multi-Bagger 05/22/17 03:04:40 PM
#14628   Wow Thats a great news considering the SS, Multi-Bagger 05/18/17 11:24:58 PM
#14627   I talked to the FL state attorney many hammy3777 05/18/17 11:21:15 PM
#14626   Nice day guys ;) BERKSHIRE AGENT 05/18/17 05:17:21 PM
#14625   Took 250k of those for you guys :) masterclassic 05/18/17 04:15:24 PM
#14624   Screw it I'm in! masterclassic 05/18/17 03:20:33 PM
#14623   First I'm seeing of this today... Hmmmm masterclassic 05/18/17 03:19:20 PM
#14622   HOD was 0009. Lets see HOD break here. OTC Knight 05/18/17 02:42:14 PM
#14621   Easy ride to 001 break. OTC Knight 05/18/17 01:49:42 PM
#14620   All retail trades. Looks great. No dilution. Rare Multi-Bagger 05/18/17 01:46:00 PM
#14619   What's up with the low float dormant stocks stock_observer_77 05/18/17 01:39:53 PM
#14618   7s gonna fall any time here. OTC Knight 05/18/17 01:29:23 PM
#14617   Nice yes good loading zone here slow n steady! BERKSHIRE AGENT 05/18/17 01:20:31 PM
#14616   PGCX multi day low float runner imho Multi-Bagger 05/18/17 01:02:32 PM
#14615   7s clearing!!! OTC Knight 05/18/17 12:52:43 PM
#14614   Yep - super thin here. OTC Knight 05/18/17 12:47:39 PM
#14613   PGCX Float 250m only updated on 12th May Multi-Bagger 05/18/17 12:47:14 PM
#14612   Grabbed some here. Looks good. OTC Knight 05/18/17 12:36:43 PM
#14611   PGCX - they still dealing with SEC charges? Aarons 05/18/17 12:23:02 PM
#14610   OTC MARKETS SS updated this week hmmmmm :) BERKSHIRE AGENT 05/18/17 12:21:24 PM
#14609   PGCX in in!!! Something huge brewing here folks!!! BERKSHIRE AGENT 05/18/17 11:23:42 AM
#14608   $PGCX @.0008 ANACONDA 292 05/18/17 11:19:05 AM
#14607   Somebody knows something ;) $$$$ PGCX $$$$ -SPYDA- 05/17/17 10:32:57 AM
#14606   Oo I like this :). News soon? -SPYDA- 05/17/17 10:32:24 AM
#14605   Why the sudden volume? Bulls on Parade 05/17/17 10:17:51 AM
#14604   seems like its time to run Nellsmith 05/17/17 09:41:25 AM
#14603   $PGCX @.0006 ANACONDA 292 05/17/17 09:38:09 AM
#14602   $PGCX @.0005 ANACONDA 292 05/17/17 09:37:03 AM
#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
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