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Garb Oil & Power Corporation Updates Shareholders on Upward Revision on Revenue Estimates for End of Year Results

/ Source: GlobeNewswire

SALT LAKE CITY, Nov. 1, 2010 (GLOBE NEWSWIRE) -- Garb Oil & Power Corporation ("Garb") (OTCBB:GARB) (OTCQB:GARB) is in the process of presenting preliminary sales offers for plant feasibility studies in the United States and China, The Middle East, India and South America. A plant feasibility study is the foundation upon which a sale of a Garb Plant is made and the studies generate revenue for Garb.

President John Rossi stated, "Our recent introduction of our new machines and plant lines is ongoing and has generated an interest which is growing from customers both within the United States and abroad. We have a foundation upon which to maintain strong optimism that current discussions will result in active machine or plant sales for potential clients in Q1 and Q2 2011. In the meantime, we are presenting quotes for feasibility studies that will verify and determine what type of plants are best suitable for the customers' needs. We believe that one or possibly two of the feasibility studies will be finalized in Q4 2010. This will create the basis upon which to provide an upward revision regarding Garb's 2010 revenue."

A further Shareholder's Update will be provided by the end of November.

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