Garb Oil and Power Corp (GARB)

[Daley~Mail]

Fundamentals are still strong:

The last PR was 2 of 4.

GARB DD, UPDATES, OPPORTUNITIES

GARB Press Release’s and some blog posts you should be familiar with:

Its easy with all the wrangling that happens on the board to loose sight of the opportunity here. There is a consistent strategy that Garb has been pursuing.

Yes, the time frame has not been strictly adhered to, and some details have changed, minor and major: but when in a real-life, worthy endeavor does that not happen?

Stuff happens. The only time a plan is pulled off seamlessly without the need for adjustments is when you are writing fiction.

GARB = Nonfiction!

I've put together some DD to highlight the path of opportunity they have been consistently pursuing over the last several quarters.
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Toxic E-waste Demands Response, Garb Has The Answer: CEO Blog Post
Published February 29, 2012 | By admin
In a town near the South China Sea, you can taste the blighted air. Children play in a river of dioxin-laden ash that runs through town. Plastic is burned over coal fires, releasing poly-vinyl chloride into the atmosphere. Vats of acid release red smoke as barefoot, barehanded laborers employ medieval processes to extract precious metals from circuit boards. Roving gangs patrol through piles of discarded computers, cell phones, PDAs, cameras, and household electronics; threatening outsiders who get too close. 80% of the children have lead poisoning. Miscarriages are rampant. The soil is so saturated with lead, chromium, tin, beryllium, arsenic, antimony, and cadmium, that the water is undrinkable, and produce will not grow.

This isn’t a fictional setting for a post-apocalyptic film. This is real. This is now. This is Guiyu, China; where the sprawling acreage of the world’s most notorious e-waste dump is found. CBS Video Link

The crisis unfolding in Guiyu occurs when discarded consumer electronics, or e-waste, from electronic consumer heavy nations (like the US) is dumped onto developing economies. Recycling operations in these marginalized regions then process the poisonous scrap using dangerously antiquated and labor intensive methods to extract valuable commodities.

The ensuing ecological mayhem is extremely toxic. And it is highly illegal.

Some company’s that claim to do “e-waste recycling” are simply way-stops for containers of unprocessed toxic e-waste smuggled out of the country. Media stories like the CBS video above have exposed this illegal trade in recent years. Increased government regulation is squeezing illegal e-waste processors out of the industry. Garb offers the fully compliant solution for keeping the poisons out of the landfills and out of the ecosystem. Garb has the mandate to lead in this industry. Consider:

Legal strictures in the US continue to tighten in light of increased media attention, giving Garb the competitive edge. Garb is not a mere shipping company. Our e-waste recycling plants offer the full e-waste recycling solution.
Our Closed Cycle Principle ™ means that toxic e-waste is processed in full compliance apart from the landfills, here or abroad. Valuable commodities are profitably, safely reintroduced back into the economy.
Mechanical separation with proprietary technology means the environment is spared and human exposure to poisons is avoided.
Our track record of producing over 120 plus machines/plants worldwide means that we do not offer the solution in concept only.
Garb has been in the waste recycling industry for 40 years. Our current management team has over 200 combined years experience years combined experience in machine building and waste related industries.
See our technology in action here: Garb Technology Video
3 million tons of e-waste are discarded by the US every year. Demand has never been stronger for green, US recycling plants. The e-waste dilemma demands a solution. Garb has the mandate to answer. We answer because of the opportunity. We answer to provide an alternative to the Gaiyu scenario. I have the unique pleasure as CEO of Garb in engaging in a business model that not only offers revenues, but also seeks to protect our ecosystems and guard against the devastating human toll taken when we spoil those ecosystems. Tom Brokaw is accredited with saying: “It’s easy to make a buck. It’s a lot tougher to make a difference.”

There is much more to share with you. Be sure to join our open shareholders conferenrce call this Friday, March 2nd at 4:15pm EST. Please dial in at 1-218-339-3600, then enter the conference code: 767741#

If you are asking yourself, “Are the consumer electronics found in my home really that toxic to dispose of?” I plan on answering that question is an upcoming CEO Blog post entitled: “Suprised by E-waste Toxicity?”

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Garb Shareholder Updates 2 of 4: Signs Second Definitive Agreement for JV E-Waste Partnership in Italy
Last update: 2/24/2012 10:11:00 AM
SALT LAKE CITY, Feb. 24, 2012 /PRNewswire via COMTEX/ -- Garb Oil & Power Corporation (usotc:GARB). Garb Oil & Power Corporation signs definitive agreement for a second JV partnership in Italy to build and operate an E-Waste plant. The plant will have 13,000 metric tons input and produce output in Copper, Aluminum, Alloys and Plastic. Once operational the plant will provide estimated revenues in excess of euro 7,000,000($10,000,000) and EBITA in excess of euro 3,000,000 ($4,500,000) per year of operation. All raw materials will be on sold to local entities for further processing. The plant will be locally funded and initial funds are available to start the project.
Garb through its European subsidiary will buy 51% of the existing company and will proceed to fund 20% of project with 80% being organized by the JV partner, which will own 49% of the JV company. The JV company will then build, own and operate a 13,000 metric ton E-Waste plant. The estimated cost of the project including land, building and plant is expected to be approx. $13 million USD and is scheduled to be completed by December 2013. Funding for the E-Waste plant will come through the engagement of a local bank and will be guaranteed by an insurance bond. Garb estimates to break ground in this project by November 2012.

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****CEO Blog post from www.garbconnect.com:

All Eyes on Electronic Waste Recycling!
Published February 24, 2012 | By admin

Hello friends of GARB!

It has been a busier than usual season here at Garb over the last several months. Many times I wished for a spare moment to update the Garb network here on GARBconnect.com but was prohibited by an extremely tight schedule required of me at the helm. If you have had a chance to read the latest GARB Press Releases you are seeing some of the fruits of our efforts unfolding. You can see the recent PR’s here:

Company Filings and E-waste Facilities Underway

Open Conference Call and Ohio E-waste Plant

There have been many long hours, days and weeks invested by GARB management getting to this point. My deepest appreciation goes out to all the GARB team. There is so much that goes on outside of the spotlight’s glare in pursuing various threads of opportunity, (some fruitful, some less so) when bringing all the complex components of a deal together for unveiling. The progress in the Indiana, Ohio, and Italian facilities, as well as other open doors, the various J-V partnerships and the funding lined up, the soon to be released audited financials: all these things are truly gratifying.

Someone once said, “The difference between perseverance and obstinacy is that one comes from a strong will, and the other from a strong won’t.” There is a truth in that statement. If I might be allowed to bend the phrase, I would suggest that both perseverance and obstinacy are required on the path to success. And strong elements of both “will” and “won’t” are manifested in the multiple arenas in which we labor in pursuit of a worthwhile objective.

Garb finds itself in the open field of opportunity in the e-waste recycling industry. Here is a strong “will” opened before us and a strong “will” which we are called upon to excercise. Cast a glance at the legal and regulatory climate surrounding e-waste recycling developing in the USA and you will see why we are focusing all our efforts in this sector:

Manufacturers, retailers, and small businesses are increasingly required to verify proper recycling of electronics made, used and sold.
In some cases, regulatory agencies are requiring consumer electronics manufacturers to verify a recycling quota of up to 60% by weight of consumer electronics produced.
Landfills in ever growing numbers will not receive unprocessed e-scrap.
Regulations regarding electronic devices extend to computer monitors, laptops, mobile phones, televisions and many other common electronic goods.
Toxic substances found in consumer e-scrap such as lead, mercury, cadmium and hexavalent chromium are devastating to ecosystems if dumped in a landfill.
Garb’s unique Closed Cycle Principle ™ disposes of these toxic substances in full regulatory compliance.
Recyclable commodities such as plastic,steel, glass, precious and semi-precious metals can be wholesaled back into the economy after Garb processing.

Further reading on the mounting e-waste dilemma: link here



With the “wills” also come “wont’s”. Adaptation is a key component of success in the jungle of business. I was asked on this blog to comment about the cancellation of Garb’s partnership with USRI, announced on January 5th. Read more here: USRI partnership dissolved.

The reasons are various, but the simplest explanation of why we cancelled the partnership is that USRI was not in the e-waste recycling business. The “will” of the tremendous GARB opportunity in E-waste logically led to the “won’t” of cancelling our partnership. There is so much power in focus. As Bill Gates is reported to have said, “My success, part of it certainly, is that I have focused in on a few things.”

At GARB, we are focused in on e-waste solutions. I look forward to sharing more of the results of that focus with you very soon.

See you on the conference call!

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SALT LAKE CITY, Feb. 22, 2012 /PRNewswire/ -- Garb Oil & Power Corporation (USOTC: GARB.PK - News).
Garb management is working with the Company's auditors to complete its SEC filings, which are expected to be filed this month. In addition to the work on the Company filings, substantial work has been completed on the several e-waste facility projects underway.
Italy – Sardinia: A joint venture has been struck to build one plant in Sardinia Italy. This plant will work in conjunction with current recycling centers in each of these locations to specifically process e-waste streams. Currently, J-V agreements have been executed, sites have been selected, and 80% bank financing is being arranged. GARB plans on contributing 20% in cash toward the completion of the plant.
Indiana: GARB has executed a Joint Venture Agreement with a company bringing 100% funding of a full e-waste recycling plant. Funding is being accomplished through the USCIS EB-5 program. Indiana has been coordinating the receipt of the property USCIS Regional Center designation that is a requirement of this particular funding mechanism. The Site has been identified, the building has been designed, a General Contractor is in place, and ground-breaking is estimated for mid 2012 with completion of the Plant in 1st quarter 2013.
According to CEO, John Rossi, "We anticipate a collection/scrap recycling location possibly in other parts of Indiana, Ohio and Nevada. These locations will allow for the collection and processing of e-waste material throughout the state of Indiana, and should allow for receipt of material from a few neighboring cities in other states."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this document that are not historical fact, are forward-looking statements based upon management's current expectations. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The results anticipated by any or all of these forward-looking statements may not occur. Garb Oil & Power Corporation is not required to update its forward-looking statements.
Garb Oil & Power Corporation
[phone] Office
John Rossi President & CEO
Email: [e-mail]
Websites: www.garbop.com


SALT LAKE CITY, Feb. 22, 2012 /PRNewswire/ -- Garb Oil & Power Corporation (USOTC: GARB.PK - News). Garbannounces shareholder open conference call to be held on Friday, March 2nd at 4:15pm EST to Discuss Ohio E-waste Recycling Plant.
Please call in at:
218-339-3600
Conference code: 767741#
The agenda for the meeting will be as follows:
Current status of the Ohio E-waste recycling project
Projected time-line of plant construction
Projected annual revenues anticipated
Funding and partnerships. Status on the $20 million line of credit available to GARB.

Additionally, CEO John Rossi will address the following initiatives pertinent to GARB shareholders:
Reduction of authorized shares from 50,000,000,000 to 6,000,000,000 common shares
The elimination of the Class C preferred stock
The elimination of Class B preferred stock and the conversion of said shares into Garb common stock at the current assigned value of conversion
To reduce Class A preferred stock voting and conversion powers
Dilution
To discuss filing results and or issues

"This has been a very busy and productive several months at Garb," stated John Rossi. "I am excited to share the fruits of our last several months of labor with shareholders. At Garb we have been breaking new ground by laying the groundwork for the implementation of our proven E-waste recycling technologies here in the USA. In the midst of this tremendous pioneering effort, I am most eager to take this time to shed light on all our progress and to help refine the focus on our various strategic objectives. Our efforts have been well received by both civic leaders and future customers. The market timing is truly ripe for Garb."


"SALT LAKE CITY, Jan. 17, 2012 /PRNewswire/ -- Garb Oil & Power Corporation (OTCQB: GARB.PK - News) meets with numerous government officials to advance its project in the state of Indiana. The Indiana project, which is in conjunction with an EB-5 program managed by its financing partner, ACG, is dedicated to provide approximately 100 jobs directly at the facility and up to 600 jobs due to the plant's economic benefit to the region. The regional government continues to assist the Company with the development. This particular region has lost many jobs due to automobile industry plant relocations. GARB is committed to work with the community to transfer the valuable e-Waste from entering region's landfills and mine the products for commodities. Each location is designed to process approximately 55 Million pounds of e-Waste each year, able to produce EBITDA earnings in excess of $10 million annually. The Company is working with the region government and ACG to erect up to 7 of these plants in the economically depressed area. Garb expects to expand the operation to neighboring states.
CEO, John Rossi added, "We are currently meeting with numerous Indiana government officials and our construction planning teams in preparation for our ground breaking expected early this year. We are excited to build our first of many US e-Waste recycling facilities mirroring our patented technology successfully operating for many years in Germany. We look forward to bringing a new base for jobs to the region and providing a green solution to the e-Waste that has thus far been dumped in land fills."

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****This one is not a Press Release but a CEO blog post from www.garbconnect.com****

Midwest trip: boots on the ground in Indiana for Phase 1 of future Garb E-waste Recycling Plant
Published January 11, 2012 | By admin
Greetings to Garb followers!
I’m quite thrilled to be writing the first post in my new CEO Blog. I want to use this blog to share a “view from the cockpit” through these exciting next phases of developing e-waste recycling plants in the Midwestern USA.
Alan Fleming, our Chief Operations Officer, Igor Plahuta, Chief Technical Officer, and I have been in Indiana all this week on the first leg of our trip. We have been viewing land for our first plant and further developing some key civic and business relationships.
The schedule has been packed! Most days we’ve split up to cover as much ground as possible with the time we have. So far we’ve:
Met with numerous business and other entities that will use our plants to discard e-scrap.
Scouted some very promising properties.
Met with various county commissioners. They are especially anxious to address the environmental dilemma of e-waste as Indiana law prohibits e-waste in household garbage. Read more here .
Met with various regulatory bodies.

As Garb CEO, I must use discretion in discussing the latest developments. I have a duty to GARB stock shareholders to protect proprietary knowledge from competitors. But I also must balance that with the need to share with you the progress we are making. I can discuss the following things about the Garb presence in the Indiana market:
3-15 projects are being pursued
100 mile radius of production there are over 5 million people: Fort Wayne, Indianapolis, Cincinnati, Columbus, etc.
Each plant will benefit the respective counties by creating 95 fulltime well-paid jobs, in addition to 300+ regional jobs
Each plant will meet the most up to date EPA requirements with minimum carbon footprint.
Garb has a definite competitive advantage in light of our proven technology and patented processes with over 120 machines already sold and 6 facilities built worldwide.

We are making some real progress. We have more meetings scheduled this week in Indiana. The next stage of our journey takes us to Ohio. I am eager to share more news with you soon as developments materialize. Don’t forget to friend us on Facebook and follow us on Twitter !
Thanks for reading!

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SALT LAKE CITY , Jan. 5, 2012 /PRNewswire/ -- Garb Oil & Power Corporation (USOTC: GARB.PK - News) announces the cancellation of the GARB-USRI Partnership:
Garb has cancelled effective immediately the Joint Venture Partnership with USRI. The announcement was not possible before December 31, 2011 . Garb and USRI no longer share the same objectives and goals.
We wish USRI all the best in their endeavours. Garb will continue to focus on E-Waste and E-Waste Processing.


SALT LAKE CITY , Jan. 5, 2012 /PRNewswire/ -- Garb Oil & Power Corporation (USOTC: GARB.PK - News) announced the following shareholder update:
Garb's management will be on the road for most of January. Garb will be in Indiana for 10 days meeting with various officials and private suppliers. Further, Garb will spend another 5 days in Ohio review properties and speaking with local suppliers and Regional Chamber representatives. These meetings are important to all stakeholders as Garb prepares its roll out.
Garb is pleased to announce its new IR website:www.garbconnect.com. The new website is specifically designed to open up new channels of communication with a broader audience of those interested in following the latest Garb news and developments. The website will be a center for two-way communication with the Garb investor base. Notable features include a CEO blog and a live web broadcasting function with the ability to respond to chat messages.

"I am excited about this new platform for sharing the rapidly developing opportunities for Garb here in the US," states Garb CEO and President John Rossi , "Queries from news organizations and investors have grown with the unveiling of our plans for US based recycling plants in the Midwest. The new website will be an ideal place to connect and share a front row view with those who have been following our progress. We are committed to communicating with our investors."

The new website, www.garbconnect.com, is an addition to the Garb's existing main website: www.garbop.com.



October 11 2011 - Garb Secures Short Term Capital
SALT LAKE CITY, Oct. 11, 2011 /PRNewswire via COMTEX
Garb is pleased to announce that short term capital has been secured. This short term capital will assist Garb in completing financial filings by mid-November and provide overhead working capital until February 2012. Management believes this funding will provide sufficient resources for Garb until the Company begins accessing their previously announced $20,000,000 line of credit, which will be available shortly after the filings are completed.

John Rossi, President and CEO of Garb, stated, "This funding allows us to get our filings completed and focus our efforts on the implementation of our $20,000,000 Line of Credit to bring our model and technology to fruition."

Additionally, Rossi stated, "The West Coast Wall Street Conference we attended in Newport was a tremendous success in terms of the number of investors and parties that have expressed an interest in Garb. We are now in the process of following up and providing additional due diligence material to the interested parties and will provide progress updates to our shareholders as they materialize."

****When you read this one, keep in mind, that they are not primarily focusing on Rubber recycling anymore, but Ewaste is the major focus****
August 29 2011 - Garb Provides Update On Our Know-How
SALT LAKE CITY, Aug. 29, 2011 /PRNewswire via COMTEX
Garb Oil & Power Corporation is dedicated to the application of ClosedCycle(TM) principle and NoWaste(TM) residue. Garb's technology has been sold in Europe for the last 10 years. It is proven technology with over 130 machines sold and more than 15 plants sold in a variety of sizes and scope. Our current plants for Rubber Recycling, E-Waste and E-Scrap Recycling are all designed and developed with these principles in mind, utilizing much of our European know-how and experience cultivated through over 20 years in the business. Garb believes that processing waste should be economically viable and leave NoWaste(TM). It is our endeavor to build plants that continue to push the boundaries for the attainment of the ClosedCycle (TM) principles and a world with NoWaste(TM).



***with this one also, keep in mind that they are not focusing on a florida plant anymore, but midwest plants***

August 15 2011 - Garb Boost Earning Opportunities as Commodity Prices Soar.
SALT LAKE CITY, Aug. 15, 2011 /PRNewswire via COMTEX
Each processed phone offers gold and platinum. High commodity prices make recycling attractive.

Computers, mobile phones and cars are the mines of the throwaway society. A mobile phone virtually contains the entire periodic table. In addition to common industrial metals such as copper and aluminum, the Company stated that electronic waste includes gold and rare metals such as gallium and germanium. Already, there is a global competition for high-quality waste.

The Florida plant will have 25,000 metric tons input and produce output in Copper, Aluminum, Alloys and Plastic. Once operational the plant will provide estimated revenues in excess of $15,000,000 and EBITA in excess of $8,400,000 per year of operation starting from 2013. All raw materials will be on sold in the States for local processing. It is planned to have the plant operational by September 2012, with testing and commissioning occurring between July and August 2012.

According to Garb management, high commodity prices are driving a combination of business interest and an increased desire to keep E-Waste from entering land fills. The volume imports of raw materials increased from 54 to 127 billion euros in Germany, according to a report from the Federal Institute for raw materials. In particular, the so-called technologies of the future are raw eaters. Each wind turbine contains up to eight tons of copper, and the construction of an electric vehicle requires about 100 pounds, which is approximately twice as much as conventional midsize cars.

August 2 2011- Garb Joint Venture to Build 7 E-Waste Plants in the U.S. Over the Next 3 Years.
SALT LAKE CITY, Aug. 2, 2011 /PRNewswire via COMTEX
Garb and ACG Consulting LLC (the "JV") have formed Xanthus LLC. Xanthus will act as the co-ordinating company for the Joint Venture managing and co-ordinating the growth and development of the 7 plants throughout the United States.

It is planned that the company will manage and co-ordinate the building of 7 E-Waste recycling facilities within the next 3 years. The JV will be funded through USCIS designated regional centers under the EB-5 Pilot Program for each E-Waste recycling facility in accordance with our planned schedule. It is estimated that each E-Waste recycling facility will cost as much as $15,000,000 to build depending on configuration and size of each recycling facility.

Xanthus LLC will be owned 51% by Garb and 49% by ACG Consulting LLC. Three E-Waste recycling facilities are planned for operation during the 2013 calendar year with four additional recycling facilities to come on line during the 2014 calendar year. It is expected that by end of 2015 the combined E-Waste recycling facilities will contribute an estimated $85,000,000 in revenues to the JV.

The EB-5 Program was authorized by the U.S. Congress under the Immigration and Nationality Act of 1990, as amended, with the intent to help stimulate the U.S. economy by creating new jobs for U.S. persons. The term "EB-5" is an acronym for "the fifth employment based visa preference category." As it implies, the source of the investment capital comes from foreign investors who wish to legally immigrate to the U.S. by investing $500,000 through an authorized EB-5 Regional Center in a commercial enterprise located within a Targeted Employment Area that will benefit the U.S. economy and create at least 10 full-time direct and/or indirect jobs for U.S. persons. The program is administered by USCIS, as provided under Section 610 of Public Law 102-395. Since its inception in 1990, the EB-5 Program has been the conduit through which over $1 billion has been invested by foreign nationals in U.S. enterprises to create jobs throughout the U.S. economy.


July 27 2011 - Garb has Signed Definitive Agreement With ACG Consulting LLC to Build 7 E-Waste Plants in the U.S
SALT LAKE CITY, July 27, 2011 /PRNewswire via COMTEX
Garb has Signed a Definitive Agreement With ACG Consulting LLC to build 7 E-Waste recycling facilities within the next 3 years. It is planned that the first E-Waste recycling facility will break ground in South Florida in March of 2012. Garb plans to break ground with a new E-Waste recycling facility every 4 months thereafter, at various sites in the U.S. as licenses, permits, and USCIS approvals are obtained.

The JV will be funded through USCIS designated regional centers under the EB-5 Pilot Program for each E-Waste recycling facility in accordance with our planned schedule. It is estimated that each E-Waste recycling facility will cost as much as $15,000,000 to build depending on configuration and size of each recycling facility. Once operational each E-Waste recycling facility is estimated to contribute a minimum of $12,000,000 in revenues every full year of operation and create many new jobs for U.S. persons in the U.S. The JV's first E-Waste recycling facility is expected to be delivered and commissioned between September and October 2012. The JV will conduct testing during the months of October, November, and December of 2012 with the recycling facility beginning full production January 2013.

The JV will be owned 51% by Garb and 49% by ACG Consulting LLC. Three E-Waste recycling facilities are planned for operation during the 2013 calendar year with four additional recycling facilities to come on line during the 2014 calendar year. It is expected that by end of 2015 the combined E-Waste recycling facilities will contribute an estimated $85,000,000 in revenues to the JV."

You can watch our technology in action on the following link http://www.youtube.com/watch?v=dVbZ9SqAYfU
Garb Oil & Power Corporation is dedicated to the application of ClosedCycle(TM) principle and NoWaste(TM) residue. Our plants for Rubber Recycling, E-Waste and E-Scrap Recycling, Waste to Energy and OTR processing are all developed with these principles in mind. Garb believes that processing waste should be economically viable and leave NoWaste(TM). It is our endeavor to build plants that continue to push the boundaries for the attainment of the ClosedCycle(TM) principles and a world with NoWaste(TM).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this document that are not historical fact, are forward-looking statements based upon management's current expectations. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The results anticipated by any or all of these forward-looking statements may not occur. Garb Oil & Power Corporation is not required to update its forward-looking statements.
Garb Oil & Power Corporation
[phone] Office
John Rossi President & CEO
Email: [e-mail]
Websites: www.garbop.com