SARASOTA, Fla., Sept. 20, 2010 (GLOBE NEWSWIRE) -- Resource Exchange of America Corporation (OTCBB:RXAC), a Florida-based recycling company, comments on President Barack Obama's recently proposed plan to spend $50 billion to renew and expand America's roads, railways and runways.
"A proposed plan for revamping the entire U.S. infrastructure would have a positive effect on our roads and railways, but would more importantly serve to create jobs all over America. From our perspective, there is of course the added dimension that rebuilding many thousands of miles of roads (enough to span the Earth six times), and constructing thousands of miles of rails would require a significant amount of steel," comments Dana Pekas, CEO of Resource Exchange of America Corporation. "We hope to be in a position to supply at least a miniscule portion of the anticipated scrap metal that will be needed for such an undertaking," Mr. Pekas concluded.
About the proposed plan to Renew and Expand America's Roads, Railways and Runways:
Read more at the White House website:
www.whitehouse.gov/the-press-office/2010/09/06/president-obama-announce-plan-renew-and-expand-america-s-roads-railways-
About Resource Exchange of America Corporation
Resource Exchange of America Corporation is working to become a recycling powerhouse by rolling up companies within asset recovery, processing and brokering of ferrous and nonferrous scrap metal. With its access to deep-water ports, the company will be able to sell the scrap metal to clients domestically as well as abroad. Resource Exchange of America Corporation will bring together the best companies within the recycling industry and elevate them to excellence, drawing on the strengths of the individual companies while combining forces to achieve synergies and be able to tackle the biggest jobs.
The Resource Exchange of America logo is available at
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