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$GRCO PASO ROBLES, Calif., Oct. 18, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Greenbelt Resources Corporation (OTC: GRCO) (Greenbelt), the developer of a sustainable ECOsystem model that transforms waste into revenue generating bioproducts, today announced that Biofuels and Energy, LLC (B&E), a New Mexico-based project development company planning to utilize Greenbelt’s proprietary technology for its SLV Biopro Project, has secured offtake agreements in excess of 40% of the projected bioethanol production of the Colorado project.
“The fact that Greenbelt’s technology is at the heart of this project has helped us to secure the offtake agreements,” said Richard Mason of B&E, adding “The ECOsystem model of utilizing local regional wastes and low value surplus materials as feedstocks ensures that our project will produce a premium sustainable bioethanol that is highly desirable by discerning customers.”
The SLV Biopro Project located in San Luis Valley, Colorado has progressed steadily since being announced earlier this year. The total SLV Biopro Project budget is estimated at $9.0 million, depending on final location and production capacity, of which about $7.2 million is allocated to Greenbelt’s system. This project is the first of three similar projects on B&E’s four-year time horizon and therefore potentially represents in excess of $20.0 million in sales for Greenbelt.
It was announced last month that Greenbelt will provide fee-based engineering consulting services to B&E during the development phase of this project, which intends to utilize various food wastes and surplus, including potato industry processing waste and off-spec grains.
“Greenbelt is committed to assisting B&E throughout its development phase,” says Darren Eng, CEO of Greenbelt. “We look forward to working with our customer to replicate the model and become a leading regional source of bioethanol and biobased protein.”
Greenbelt is currently raising funds for two other projects focused on producing bioethanol for use in the cannabis industry as extraction solvent, using winery and brewery wastes as feedstocks: PRECO and the California BioEthanol Project.
Greenbelt recently announced a profitable second quarter, primarily the result of a project for the Andrew J. Young Foundation, cultivating duckweed as a feedstock to produce bioethanol and biobased protein concentrate.
About Greenbelt Resources
Greenbelt Resources Corporation™ is an award-winning provider of automated, modular, small scale sustainable energy production systems, products and processes that enable local cost-effective processing and disposal of food, beverage and cellulosic waste to be converted into commercially viable saleable consumer products such as bio ethanol, protein concentrate and fertilizer. Operating in several business segments, Greenbelt provides value added solutions to the cannabis, food, beverage and agricultural industries. For more information visit www.greenbeltresources.com.
Forward-Looking Statements & Safe Harbor
This document includes certain statements, predictions and projections that may be considered forward-looking statements under securities law. These statements involve a number of important risks and uncertainties that could cause actual results to differ materially including, but not limited to, the supply and demand for biofuels, our ability to remain technologically competitive and other economic, competitive and technological factors involving the Company's operations, markets, services, products and prices.
Contact:
Darren Eng, CEO
Greenbelt Resources Corporation
888-995-GRCO (4726 x 101)
darren@greenbeltresources.com
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/cc7ca61f-8871-4872-b27b-9a1b672463a3
what is happening with Puration(PURA)/NCM Bio extraction LOI? anything? thanks.
Looks like no one cares ...
GRCO CBD PURNOL EXTRACTION NEWS OUT!!!
GRCO CBD PURNOL EXTRATION
GRCO GOING HIGHER NEWS OUT!!!
I am keeping fingers crossed
Good things happening with Purnol Murph!!!
Marijuana growers turning to hemp as CBD extract explodes
I think also, but the stock market doesn’t
I think that is great news.
Greenbelt LOI for all Bioethanol Product!!
Greenbelt Announced a Letter of Intent for a Distribution Agreement for their All of Their Bioethanol Product
Greenbelt Resources Corporation™, an award-winning provider of sustainable energy production systems, announced a LOI for a distribution agreement for their bioethanol product. This is excellent news because it potentially secures distribution and the distribution capabilities of Purnol may be fully scalable.
The LOI establishes the intent for all bioethanol produced by Greenbelt’s California BioEthanol Project to be purchased and resold under the Purnol brand. Importantly, the LOI also establishes Greenbelt as Purnol’s exclusive supplier of bioethanol.
Here is a copy of the press release:
https://www.otcmarkets.com/stock/GRCO/news/Greenbelt-Resources-Signs-Letter-of-Intent-With-Purnol-for-Bioethanol-Distribution?id=196766
Activity level is up. Wish I got finials from management
Any news on income coming from these projects
How is this stock part of MCIC
Haha me too good ole James Monroe Capital Corporation... I have like 5000 shares!!! Opened up that account today and noticed them... I suppose they are probably restricted for a year or something like that lol
elcheepo... they were restricted when I called TD Ameritrade and asked about why they were in my account... I thought the TD Ameritrade guy said the shares were from a different company spinoff... I was corrected by other posters later... BTW, here is a link to some of our conversation on that. :) https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140029107
Are they restricted?
I miraculously have shares of this from a spinoff of $JMCP! So I am up 100%! :)
This board is very quiet. No opinions? Stock is down 50 percent this year.
Where are any of these trades coming from?... My shares are currently restricted. I guess there must be free trading shares??? Anyone here know the answer?
Nice news good things ahead
Any ideas on when this new direction will show a revenue crease for grco
Yep.... I own it now. Since way back....
Shares came from James Monroe Capital Corp.
JMON....did you ever own it?
Sounds like a crossed wire. There was another Multi Corp besides ours that had a few crossed wires with us. Or this is just something completely out of check.
If they are restricted, you will need to call Pacific Stock Transfer company and ask them to unrestrict them. it will cost around $800 to do it all
I think they are mistaken, I have held $MCIC for a long period of time and never received dividends in $GRCO
He said my $GRCO shares are possibly dividend spin-off shares..
I am holding $MCIC, did TD Ameritrade give you any specifics for the relationship that $MCIC has with $GRCO?
$MCIC has been trying to get a migraine drug to trails for years, but it is now stuck in a lawsuit, other than that they have accomplished nothing in about 10 years....
I was on phone with TD Ameritrade and he says that $MCIC has some connection with $GRCO... He said my $GRCO shares are possibly dividend spin-off shares.. Can't trade either of those stocks right now, though... He said I would have to call the $GRCO company and talk to their lawyers and find out why these are restricted.... It may cost $250.00 he said.... He said to just hold on and wait! :)
Bigfootbud, thank-you for sharing the info.
Anyone have info on when the shares are unrestricted?
GREENBELT RESOURCES And DUCKWEED DAYS sign Contract for Phase 1 of Andrew J. Young Foundation DUCKWEED PROJECT
https://ih.advfn.com/p.php?pid=nmona&article=77166091
Who is buying and selling these shares that are trading? I tried to sell mine a few days ago through TD Ameritrade and the order would not go through. I contacted TDA and was told my shares are restricted. I was told I can get the restriction removed for $250. So who gets to keep the $250 fee? Are there shares out there that are free trading, or is this volume from folks who paid the $250 fee to remove the restriction??
I still somehow have 1,990 shares! ;)
Over 11 years ago in January 2007. Link is in my earlier post.
When were these distributed. As a owner of what date? From experience. There is normally a non trading period on these type off dividends if they wanted you to sell. It would have been cash
I got them also it won’t let me trade them tho ?
Got them to. I called and it cost 250 dollar fee to sell !! Lol . My 500 shares are 40 bucks. 12 years ive had these.
It looks like my shares from this dividend just became tradable today. Did this happen to anyone else?
http://cobrand.knobias.com/otcbb/story.htm?eid=3.1.ddf0b3ab20a517d571b2b3758d94f225cb256a91a33eec776c779caf046036d0
Never mind. It won't let me sell them after all. At least they show a value now. Not sure what's going on.
You are s shorter. This is a good company
Don't expect much from this company, down she comes.
DO THEY EVEN DO REAL FINANCIALS?
https://www.otcmarkets.com/stock/GRCO/financials
When are the next financial due out?
This is how I see it great technology. The company thought people would buy it. Well the real world is the want you to partner. So we need to wait til revenue takes off.
At least this was a long awaited announcement
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PLEASE READ: This message board is not affiliated with Greenbelt Resources Corporation. No endorsement by Greenbelt Resources Corporation or any other organization is implied. On topic discussions only; messages that bash or belittle the company or other investor hub members will not be tolerated and will be deleted. Thanks for your cooperation.
Some of the following information can be found on Greenbelt Resources' Official Website.
About Greenbelt Resources Corporation™
Greenbelt Resources Corporation™ is committed to developing and implementing technology that makes reliable, practical, efficient alternative energy, efficient use of water and conversion of waste to usable products. Our customers benefit from combined decades of research and development experience that includes expertise in the production of ethanol and bodiesel from traditional sources such as corn and non-traditional, yet highly efficient, sources including consumer product waste, algae, and others.
Our subsidiary Diversified Ethanol Corporation™ designs, manufactures and installs modular ethanol plants for customers such as dairy and hog operatoins at the site of the feedstock. This eliminates the need of transporting the feedstock to the plant. The company's ethanol plants are built around the award winning Butterfield Closed Cycle System™.
Greenbelt Resources Corporation is a publicly traded company, trading under the symbol GRCO.PK.
Greenbelt Resources Corporation - Board of Directors
Floyd Butterfield, has served as the Treasurer of the Company since Oct 2008 and as a Director of the Company since April 2007. Floyd S. Butterfield has over twenty-five years of experience in the biofuels industry and is the designer of Diversified Ethanol's "Butterfield Closed Cycle System™ ethanol plants". With his vast experience in ethanol production from a wide variety of conventional and alternative feedstocks, Mr. Butterfield's innovative approach to alternative fuel production earned him the top award from the California Department of Food & Agriculture and the California Waste Management's Fuel Alcohol Plant Design Competition in the early 1980's. Mr. Butterfield serves as Director of Engineering and Manufacturing for Diversified Ethanol. Previously, Mr. Butterfield founded FSB Energy, a provider of design, construction and operational consulting services to the biofuel and geothermal industries. Mr. Butterfield also founded and served as COO of Curbside Container Company, where he developed six patents related to recycling containers. He also served as CEO of FSB Farming, a grower of carrots and tomatoes for large packing operations. Since 1983 Mr. Butterfield has operated a diversified farming operation and continues to farm. Mr. Butterfield holds a B. A. in Geophysics from Occidental College and attended the Colorado School of Mines Geophysics Masters Program. |
Darren Eng, has served as the Secretary of the Company since April 2008 and as a Director of the Company since October 2008. Darren Eng is a business management and professional association adviser. Founder and President of The Sponsorship Group, Mr. Eng also holds title of Executive Director of a number of Southern California professional organizations operated and managed by his staff. Other past senior management positions include: Executive Vice President of the Digital Evolution Center and Vice President of Virtual International Community. Prior to running various companies and organizations in SoCal, Mr. Eng enjoyed a nearly decade-long career in the environmental industry. For the last three of those years, he led teams of scientists and engineers at ENSR (acquired by AECOM) as a Project and Team Manager and as a Level III Associate Scientist himself. Work included regulatory compliance inspections and liability assessments of Southern Natural Gas facilities and other large bank financed industrial properties in eastern US from Maine to Louisiana. Mr. Eng is a member of the Mens Guild for Childrens Hospital Los Angeles. He received a Bachelor of Science in Biology - Environmental Track from Yale University in New Haven Connecticut. |
Greenbelt Resources Products
Diversified Ethanol Corporation
Diversified Ethanol, our subsidiary, designs and builds modular ethanol plants using the award-winning and proprietary "Butterfield Closed Cycle System"™ increasing production efficiencies for small to medium sized operations.
As the demand For ethanol increases, these products can convert waste sugar discharges into a valuable and renewable fuel.
Are you pouring valuable waste sugars down the drain?
News & Events at Greenbelt Resources Corporation™
Our Partners
Greenbelt Resources Partners
Greenbelt Resources Corporation realizes that strength is often found in the shared harnessing of thought and technology. To that end, we are committed to increasing the value we can offer our customers through partnerships with firms such as the companies profiled below.
Master Recycling
Pomona, California
Master Recycling is committed to providing superior quality recycling and waste management services through excellent customer service, innovation, and cost efficiency within an environment that brings out the best in each associate.
Master Recycling is a recycling and solid waste consulting firm. Available throughout the United States, Master Recycling offers a wide range of experience in the field of recycling, waste diversion, and solid waste programs, specializing in solid waste reduction.
Master Recycling employs recycling specialists with decades of hands-on experience in recycling, reduction, diversion, hauling, processing, and all types of equipment.
Contact Greenbelt Resources Corporation | ||||
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From the shareholder letter:
On April 28, 2009, there were:
(a) 71,546,950 issued and outstanding shares of common stock,
(b) 5,000,000 issued and outstanding shares of Series B Preferred Stock, and
(c) 5,000,000 issued and outstanding shares of Series C Preferred Stock of the Company .
http://greenbeltresources.com/
http://greenbeltresources.com/
http://www.otcmarkets.com/stoc
T/A clerk Helen Bagley
E-mail: hbagley@1stgst.com
1st Global Stock Transfer, LLC
7361 Prairie Falcon Rd Suite 110
Las Vegas, NV 89128
Phone: (702) 656-4919
Fax: (702) 304-0634
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