SOURCE: Garb Oil & Power Corporation

Garb Oil & Power Corporation

May 20, 2016 15:28 ET

Garb Oil & Power Corporation CEO and President Tammy Taylor Provides Shareholders Update

LARGO, FL--(Marketwired - May 20, 2016) - Garb Oil & Power Corporation (OTC PINK: GARB) -- Today the Company's Chief Executive Officer and President Tammy Taylor released the following open letter to shareholders.

TO THE SHAREHOLDERS OF GARB OIL & POWER CORPORATION

Last month the Company changed Auditors on April 15th as was announced in an 8-K filed with the SEC. We have completed and filed to date with the SEC to become Current SEC Reporting.

Our immediate focus is to obtain continuous revenues. While our first product being developed is to include recovered rubber in producing retread tires and as an alternate fuel source in the generation of electric power, we are also reviewing our options available in the overall energy industry. The Company is moving forward in completing the purchase of the entire warehouse complex that we are currently only leasing a portion of in order to have the warehouse capacity for new tires, recycle equipment and to house our research & development facility.

We are continuing the corporate action process in order to be able to encourage greater interest in the Company's common stock and enhance the marketability of our common stock to the financial community, investing public and shareholders of targeted companies we desire to acquire, as well as promote greater liquidity for our shareholders.

We all thank you for your patience and look forward to being able to fully execute Garb's business plan of operations.

Sincerely,
Tammy Taylor,
Chief Executive Officer and President

About Garb Oil & Power Corporation
Garb Oil & Power Corporation (OTC PINK: GARB), has a long company history in the fast growing industry of waste recycling and specifically related to waste-to-energy. Garb is organized to utilize both next-generation machines and new technologies to vertically integrate into the waste refinement, recycling and energy industries. In addition to selling new tires, shredders and related recycling equipment, the Company's emphasis is for its own plants to produce profitable new and "green" solutions for waste-to-energy including the potential use of alternate energy sources, new equipment technologies that improve energy usage efficiency and utilizing recycled material in producing both useful and desirable products including recycled rubber to produce retread tires and as an alternate energy source in the production of electricity.

Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements. These statements are based on current expectations and assumptions regarding future events and business performance and involve known and unknown risks, uncertainties and other factors that may cause industry trends or actual Company results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these statements. Although the Company believes that expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. All who read this press release should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release.

Contact Information

  • Company Investor Relations Contact:
    Garb Oil & Power Corporation
    info@garbreorg.com
    Telephone: 888-573-6622, Ext. 1