GNPT- Last PR was HUGE! and it is a shame that went unnoticed because everyone was in a panic mode..
We gained yet another international partnership!.. GreenParts are going to provide recycled oil to South Korea ! AND they are actually already working on the first order !
'Chief Executive Officer Asif Balagamwala stated, "I'm extremely encouraged by our expanding relationship with our global partners. We just recently signed a term sheet to provide recycled oil to our South Korean partner and we have already begun to implement the first order and see this as not only a growing business but are delighted to fulfill part of our mission statement of creating a better global environment'
Also, do you remember PR from a month ago ? Partnership with SAH Global about concrete recycling ? PR said that everything is 'in the very early stage' and there is going to be more details later on.. and here we are a month later and BOOM!!.. they already delivered first shipment for $150k!
"In addition we have delivered on approximately 150 thousand dollars of our first shipment to SAH Global for our previously announced concrete recycling agreement. In both cases we see growth and very good margins in these new ventures."
If we assume one shipment a month (for the beginning).. that should add almost $500k in sales to the quarterly revenue.. with newly added oil recycling and steel prices finally recovering, we are on a way to have Q3 better than Q3 2014 (which was $3.2mln)
AND here is the best part from the PR:
"It is a major component of GreenParts Internationals' strategic five-year plan to diversify our business and be less dependent on metal recycling. I'm very excited about our new oil and concrete recycling ventures as well as other opportunities that are forthcoming. More details regarding all our new areas of business will be coming soon."
MORE NEW AREAS OF BUSINESS WILL BE COMING SOOOOON!!!
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