SOURCE: American Fiber Green Products, Inc.

April 16, 2012 22:30 ET

American Fiber Green Products, Inc. Form 10 K Shows Promise for 2012

TAMPA, FL--(Marketwire - Apr 16, 2012) - American Fiber Green Products, Inc. (OTCQB: AFBG) (PINKSHEETS: AFBG) has filed its Form 10, audited financial report for 2011 revealing promise for 2012.

AFBG Chairman Kenneth McCleave stated, "It was nice to be able to finally report the beginning of revenue generation from our recycling subsidiary, Amour Fiber Core, Inc. We have worked for several years preparing for the right contracts and companies to be the lead for development of this division. With agreements with several Fortune 500 companies generating that first $100,000 was significant. When compared to the prior year, the excitement is multiplied."

Daniel L. Hefner, President and Chief Executive Officer, added, "With the generation of each dollar of revenue from receipt of fiber glass to recycle, we are also stockpiling inventory for our future manufacturing operations. Additionally, the cash flow allowed us to improve the balance sheet by reducing payables, increasing receivables and add some needed equipment. These small steps have energized our staff and created other current opportunities of which we are taking advantage."

The Form 10 K can be viewed at www.sec.gov. Interest in the company and its stock has substantially increased as the public has become more aware of the current and future opportunities available to the company.

American Fiber Green Products, Inc. trades under the symbol OTCQB:AFBG. The company maintains a website at www.americanfibergreenproducts.com.

AFBG Strategic Partner, American Commerce Solutions, Inc. trades Over the Counter under the symbol, AACS. The Company maintains a website at www.aacssymbol.com.

Under the Safe Harbor rules consider the following: Any portion of this presentation that is not historical in nature is subject to change due to any number of factors that are not under the control of the Company or its officers. As such, anyone reading this information release should consider the possibility that material differences from the information presented may occur and should be verified before any consideration to invest.

Contact Information

  • Contact:
    Daniel L. Hefner
    813-244-9843