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Re: contractor10940 post# 884

Tuesday, 06/30/2009 10:53:33 AM

Tuesday, June 30, 2009 10:53:33 AM

Post# of 312016
From the recent PR and VERY important as it makes TRTN immediately profitable......which means they are making money before the franchise sales even START....they make money recovering data from tapes...they make money disposing of tapes....they make money recovering oil.....they make money selling franchise machines....they make money off each machine as they get part of the franchise profits....TRTN IS A NO BRAINER!!

John Bordynuik, President and CEO of 310 Holdings Inc., said, "We expect the acquisition to have an immediate and significant impact on our financial results. This asset purchase will allow 310 Holdings to read tapes to realize the revenue of migrating data of customers' tapes at a flat rate of $22 a tape and then recycle the old tapes by using our Plastic2Oil processor. As we are currently paid by clients to recycle these tapes, this will effectively cause a negative feedstock cost into our Plastic2Oil processor. These old tapes weigh approximately 2 kg each with their plastic cover, and we believe we will be able to produce 2 liters of fuel from every recycled tape. Through this acquisition, we have approximately 50 tons of tapes to read, to migrate the data and to recycle in our Plastic2Oil processor, 20 tons immediately."