Replies to post #27952 on Garb Oil and Power Corp (GARB)

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$GARB - Garb Oil & Power Corporation’s CEO and President Tammy Taylor Addresses Shareholders to Review 2014 Corporate Initiatives and Operations

Dec 01, 2014
OTC Disclosure & News Service

Largo, FL -

Garb Oil & Power Corporation’s CEO and President Tammy Taylor Addresses Shareholders to Review 2014 Corporate Initiatives and Operations

FOR IMMEDIATE RELEASE
Largo, Fla., December 01, 2014/ Garb Oil & Power Corporation (OTCPink: GARB) Today the Company’s Chief Executive Officer and President Tammy Taylor released the following open letter to shareholders to review 2014 corporate initiatives and operations details headed up by the Company’s new management within the new Company Business Plan.

TO THE SHAREHOLDERS OF GARB OIL & POWER CORPORATION

First let me express my gratitude for the support shareholders have provided over the last year.

Although the audit has taken longer than the company was initially told it would take, it is now almost complete and we fully expect it to be done by the end of the year. Since the audit includes 2011, 2012 and 2013 as well as the 2014 quarterly reviews, once complete, Garb will be able to restore to full SEC reporting. Getting to this point is a tremendous accomplishment, especially since former management had allowed it to get so far behind.

Early this year, I stated my, and the new Company team’s commitments: “We intend to rebuild shareholder trust by executing on our expanded business plan, building our revenue base, and increasing our shareholder value. The Company must create real value while continuing to explore additional business opportunities.”

Since then we filed OTC Initial Filings and moved up to OTC Pink Current Information and shortly thereafter generated $200,000 in revenue. We began the company’s vertical integration in the waste refinement, recycling and energy industries through the plans for a wood pellet plant. Although the site the company previously had under contract fell through, a suitable site is still being aggressively sought.

Then the company announced it had created a new division to serve the Medical Marijuana Industry. Although the initiative on Florida’s 2014 ballot did not gain enough votes to pass, the company is under contract to purchase a paraphernalia company, Chubby Glass, located in Colorado. There are 23 states in the U.S. that allow the use of Medical Marijuana. Acquiring the company will allow Garb to market to these 23 states. Chubby Glass has been generating revenue for over 10 years and the products it produces will allow Garb to use recycled materials in the process.

The company acquired an office/warehouse with a $1,385,000 purchase price through a lease purchase contract. A closing is set for early March 2015. The property is currently being occupied by the company and preparations for the sale of new tires is under way. The offices will serve as the company’s headquarters.

Garb Oil & Power Corporation and Shredderhotline have mutually determined that their business interests have diverged and Garb Oil & Power Corporation and Shredderhotline have released one another from their rights and obligations under the Letter Of Intent and Collaborative Effort Agreement both dated January 24, 2014.

Currently, the company is actively seeking several acquisitions of revenue generating companies to assist in qualifying for a movement upwards to the NASDAQ.

Overall, I am confident the efforts of the management team this year have positioned the company for tremendous acceleration into 2015. The management team and I wish you a Merry Christmas and Happy New Year!


Sincerely,
Tammy Taylor, Chief Executive Officer and President

About Garb Oil & Power Corporation
Garb Oil & Power Corporation (OTC Pink: GARB) (PINKSHEETS: GARB), has a long company history in the fast growing industry of waste recycling and specifically related to waste-to-energy. Garb is organized to utilize both next-generation machines and new technologies to vertically integrate into the waste refinement, recycling and energy industries. In addition to selling new tires, shredders and related recycling equipment, the Company's emphasis is for its own plants to produce profitable new and "green" solutions for waste-to-energy including the potential use of hemp, alternate energy sources, fuel enhancements, recycle fuel operations that utilize the fuel enhancement products, new equipment technologies that improve energy usage efficiency and utilizing recycled material in producing both useful and desirable products including wood pellets and medical marijuana paraphernalia.
Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements. These statements are based on current expectations and assumptions regarding future events and business performance and involve known and unknown risks, uncertainties and other factors that may cause industry trends or actual Company results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these statements. Although the Company believes that expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. All who read this press release should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release.
Company Investor Relations Contact:
Garb Oil & Power Corporation
[e-mail]
Telephone: [phone], Ext. 1

Investor Relations Firm Contact:
Pacific Equity Alliance LLC
Zachary R. Logan / Drew S. Phillips
[e-mail]
Telephone: [phone]

This release includes additional documents. Select the link(s) below to view.

GARB Press Release - Dec 01 2014, CEO-President Letter to Shareholders.pdf

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The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.