SALT LAKE CITY, Nov. 3, 2010 (GLOBE NEWSWIRE) -- Garb Oil & Power Corporation ("Garb") (OTCQB:GARB); Garb's first compact LCD-monitor Waste (Scrap) recycling plant, recently introduced to the market, has a strong potential in the United States. It is capable of handling three metric tons per hour of throughput and comes with a full buyback agreement on all throughput produced
President John Rossi noted, "We see E-Waste as a growth industry in the United States. Our Company's first full LCD-Monitor Waste Recycling Plant, which is the first of its kind in the world, has generated significant interest. I attribute this intense United States interest to the fact that 23 states have passed legislation mandating state-wide E-waste recycling. The Producer Responsibility Act mandates that manufacturers must pay for E-Waste recycling. The implementation of this act in 22 states has resulted in 61% of the population of the U.S. now being covered by a state E-Waste recycling law.
I am excited about upcoming scheduled meetings with potential clients to respond to our multiple ongoing enquiries. I have met with positive response to our ability to handle three metric tons per hour supported by the Garb full buyback agreement."
About: Garb Oil & Power Corporation is a company 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 plants 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.
CONTACT: Garb Oil & Power Corporation John Rossi, President & CEO +1-801-738-1355 Fax +1-801-738-1102 info@garbmail.com www.garbop.com