SOURCE: Virtual Sourcing, Inc.

March 03, 2014 09:00 ET

Virtual Sourcing, Inc. Files Form S-1 Registration Statement to Raise Capital for Expanding Its Business

WASHINGTON, DC--(Marketwired - Mar 3, 2014) -  Virtual Sourcing, Inc. (OTC Pink: PGCX) has filed a Form S-1 Registration statement to raise capital for completing acquisitions, funding joint ventures and developing or modifying existing products using fiberglass manufacturer's waste streams. When this registration statement is effective we will immediately begin the next phase qualifying to be listed on an exchange and will once again be fully reporting company.

The company has been actively working with fiberglass manufacturers to develop sustainability programs to use manufacturing waste in products such as non-structural concrete blocks and roll-off waste containers from matted waste. These initiatives are about to go into a four month trial phase with the manufacturer teams and ours perfecting the products for market during this period. The products being tested are made in West Virginia and South Carolina from waste created in North and South Carolina.

The fiberglass manufacturing industry is researching methods to use their waste in a sustainable manner with mandates by the management of several manufacturers to substantially reduce their waste to landfills in the next three years. We are participating in helping meet their goals. In developing products to use this waste we expect to use 11 to 15 million pounds of waste per year before the end of the second year of our programs. While these amounts seem small it is currently the largest single proposed diversionary program in the region.

The company is exploring joint ventures with certain product producers for the utilization of additional waste streams.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management and information currently available to management. The use of words such as "believes", "expects", "anticipates", "intends", "plans", "estimates", "should", "likely" or similar expressions, indicates a forward-looking statement.

The identification in this press release of factors that may affect the Company's future performance and the accuracy of forward-looking statements is meant to be illustrative and by no means exhaustive. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.

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