SOURCE: Garb Oil & Power Corporation
LARGO, FL--(Marketwired - Feb 20, 2014) - Garb Oil & Power Corporation (OTC Pink: GARB) Today the company confirmed the 2013 Authorized and Reported 3000:1 Reverse Split is cancelled due to the fact that it has been over 90 days since it was authorized and approved but never enacted.
Tammy Taylor, company Chief Executive Officer and President stated, "In our continuing efforts to clean the Company on several fronts, the new Company team is working diligently with Laura Anthony and Legal & Compliance, LLC to identify and address all unresolved corporate matters we inherited last August. With tomorrow being my six month anniversary with the Company, I truly believe we are progressing toward our goal to build real value to the Company's shareholders with the Company's enhanced business plan".
About Garb Oil & Power Corporation
Garb Oil & Power Corporation (OTC Pink: GARB) has a rich company history in the fast growing industry of waste recycling and specifically related to waste-to-energy. Garb has reorganized to utilize both next-generation machines and new technologies to vertically integrate into the waste refinement, recycling and energy industries. The revised company emphasis is in profitable new and "green" solutions for waste-to-energy, alternate energy sources, gas drilling, fuel enhancements and improving energy usage efficiency.
Garb's strategy is to build its own plants and sell the high value products that Garb's new cost effective processing technologies allow it to produce. Several technologies and products are under review with Garb's new strategic alliances include the following.
- Specific food waste to energy and other of its potential green technology uses.
- Alternate energy sources beyond today's widely publicized options.
- Fuel enhancements to increase efficiency and decrease pollution.
- Recycle fuel operations that utilize the fuel enhancement products.
- New equipment technologies that improve energy usage efficiency.