PGCX - Correct! I like CrookTiny's POST of Confirmation!
CrookTiny Thursday, 08/07/14 01:08:32 AM
Re: None
Post # of 7466
PGCX Confirmation
I was able to converse with Mr. Norman Birmingham, I asked a few simple questions. Below is the questions I asked that he was willing to answer.
PGCX owns and operates one subsidiary Allied Recycling Corp (ARC)
Marketwired - Jul 30, 2014 Allied Recycling Corp (ARC) has shipped its first barrels of product beginning fulfillment of its agreements previously announced.
When asked what exactly the company is shipping in the barrels?
- “We are shipping the oil/water separation product. It also acts as a surfactant for cleaning as well.”
What this means is they are selling a real product. The use of this product helps separate oil from water and works as a surface cleaning agent. For example tubing that transports oils has to be cleaned out, this is industrial grade cleaning solvent.
For those who think this is idea is so far-fetched, it most definitely is not. Soap currently helps separate oil from water. ARC “solution” (which we will name for now) claims to do this process 250% more efficiently.
ARC currently has contracts pending based on the quality the results it's solvent can yield. According to the recent PR, the testing done so far has been promising enough for the first buyer to sign a one year contract. And shipping has already begun.
When asked about the containers that currently being manufactured and tested. What would the purpose of these containers be?
- “The containers are used for construction and demolition debris and other uses but not in the oil patch for any processes from the product above.”
What this means to PGCX.
The containers they are having built are for use in recycling physical material mainly in fiberglass.
For example, boats are comprised of fiberglass, woods, metals and plastics. When there is a natural disaster along the coast that damages boats, insurance claims are filed. Insurance companies are held liable and would have to pay any fee’s associated with having the boats salvaged and disposed of.
ARC provides a solution by not only salvaging the boats but through its licensed patented technology from Amour Fiber Core, Inc., ARC is enabled to recycle the fiber glass back to being reusable fiberglass for many manufacturing companies. ARC is proposing to ship containers to locations of abandon fiberglass, were it would then be recycled through a process known as Grinding- reducing material to small pieces or powders to be reused in other products. Potentially all material that can be reground can be used as recycled material; there is little or no unused waste. This process is currently being used by other fiberglass recycling companies. The demand for recycling fiberglass is greater than the companies currently able to recycle it; there is virtually no competition. ARC is proposing to ship containers to locations of abandoned fiberglass to be filled with these scraps, then through the grinding process be able to ship the recycled material back to the manufactures who then would be able to use it in their products. Bottom line, ARC charges a fee to salvage all sorts of fiberglass, whether it comes from boats, wind turbines, cars or simple waste of the remaining fiberglass used in these products. ARC then turns around and sells the reusable fiberglass back to the manufactures. How does this separate PGCX from the competition, that’s simple not only is the demand higher for recycling fiberglass but ARC is the only company shipping containers to be filled with this product, saving the “supplier” of the fiberglass waste, time and money seeing as how they don’t have to deliver the waste to a landfill or to current recycling companies that may be a relative distance away. By providing this service ARC is able to lower the cost of its recycling services through the following method that is cost beneficial to both parties. ARC ships containers saving suppliers travel cost, Suppliers do not have to deal with state, federal or global practices in the disposal of their waste. ARC turns this “waste” back into useable material through its licensed patented technology and sells it right back to the supplier for use in their current product. Companies who use fiberglass are not equipped to reuse their own by product or waste. ARC works along with the company to ensure a long lasting service to the manufacture at minimal cost since it is their own waste they will eventually buy back. ARC recycles these the materials and is capable of producing actual products such as lawn ornaments on top of reselling the recycled material.
The beginning of this endeavor has only just begun, potential clients are currently testing the “solution” to see if it meets their business needs. As well as PGCX is currently fulfilling its first contract which is expected to generate between $3,640,000 and $5,310,000 in revenue over the course of one year representing $700,000 to $1,000,000 in profits. According to PGCX there is expected to be several orders placed following the next few weeks. ARC will be able to provide a recycling service to the entire nation as well as oversees due to its detailed plan of using containers to transport the waste to several locations around the nation to be recycled. PGCX is currently undervalued with a strong potential outbreak of not only reaching but exceeding its 52 week high of $1.10 when it worked alongside of AFBG. Now one year later PGCX is in the position to take on its own contracts and deal directly with the supply of waste and the demand of the recycled material.
Now when asked the following questions I received the same response.
Where is your headquarters located? According to OTCMarkets.com its listed Washington D.C.
Where are the locations of the sites where you will store/recycle these byproducts of the fiberglass industry?
According to the latest PR we are currently pass the one week time frame for the branding of the “solution”, what date should we expect this to take place?
To these questions he responded
-“Further info will be in a forthcoming press release. The company prefers that all shareholders get company information at the same time.”
PGCX has an outlined business plan that is currently working into progress. There is a lot to look forward in the next few weeks alone. Several contracts will be announced on the next press release that will send this stock soaring past the 52 week high. Once the waste containers are put to use, this tock will again soar. By this time next year PGCX will no longer be on the OTC: Markets. I give this stock a dollar potential breakout within a few months. Double digit pennies by Mid-September.
Following information is on there latest filings
A. Names of Officers, Directors, and Control Persons
Terry Tyree, President and Board Member
Mario Faraone, Secretary and Chairman of the Board of Directors, Control Person
Karen Bybee, Director
Legal/Disciplinary History
1. A conviction in a criminal proceeding or named as a defendant in a pending criminal proceeding;
2. The entry of an order, judgment or decree, not subsequently reversed, suspended or vacated, by a court of competent jurisdiction, that permanently or temporarily enjoined, barred, suspended or otherwise limited such person's involvement in any type of business, securities, commodities, or banking activities;
3. A finding or judgment by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission, the Commodity Futures Trading Commission, or a state securities regulator of a violation of federal or state securities or commodities law, which finding or judgment has not been reversed, suspended or vacated; or
4. The entry of an order by a self-regulatory organization that permanently or temporarily barred, suspended or otherwise limited such person's involvement in any type of business or securities activities.
None.
C. Beneficial Shareholders
Common Stock Gallant Acquisition Corp. 67.1% of outstanding common stock
Mario Faraone 100% owner
Preferred Series A Gallant Acquisitions Corp. 99.9% of the outstanding Series A Preferred stock Same as above
Preferred Series B Gallant Acquisitions Corp. 25.3% of the outstanding Series B Preferred Stock Same as above
SS Realty LLC 70.2% of the outstanding Series B Preferred Stock Stephen Bracciale 100% owner
If you research the company’s office and was confused the reason is below
Item 1. Name of issuer and its predecessor
Virtual Sourcing, Inc. 8/31/12
Pangenex Corp. 3/3/08 to 8/31/12
Nano Chemical Systems Holdings, Inc. from 2/15/05 to 3/3/08,
Heritage Scholastic Corporation from 7/30/99 to 2/15/05
Item 2. Address of the issuer's principal executive offices
1200 G St NW, Suite 800
Washington DC 20005
Telephone (877) 581-4611
Facsimile (410) 309-5962
Website in development
No Investor Relations Firm is currently engaged
Describe the issuer's facilities
Leased virtual office space with board room and other office facilities in Washington DC
*Disclaimer
The questions asked took place through electronic messages on 08/06/2014. Quoted texts are answers received from Norman Birmingham. This information was gather for my personal agenda. I am not affiliated with PGCX other than owning stock I've purchased these past few days. The information I gathered on PGCX or ARC and projections or expectations was found online through several media sources both directly relevant and in directly relevant to the company. Use the information at your own will and good luck!
PGCX
AI
