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Wednesday, January 09, 2019 12:19:08 PM
Over the first nine months of 2018, we have been pushing through the slowed progress which was a result of stalled funding we incurred in 2017. Our focus is to secure funding to build the Carbon Finishing Plant and a Tire Processing Plant. These discussions are progressing going forward, but we have not signed a definitive agreement to finance a Processing Plant to date. As a result, the execution of our business plan has slipped by several months, and we now forecast the Carbon Finishing Plant, which was under construction and now delayed, to be operating sometime in early 2019. For the remainder of 2018, we will continue to be in an investment mode for which we anticipate these investments to generate revenues starting in the first quarter of 2019. The goal is to reach our forecasted revenue of $1 Million to $2 Million in 2019, and an estimated $15 Million in recurring revenues from 2020 onwards.
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