SOURCE: VuQo Holdings Corporation

June 07, 2013 09:22 ET

Waste Management Asia Corporation Completes Gibraltar Capital Funding Program Requirements

NEW YORK, NY--(Marketwired - Jun 7, 2013) - VuQo Holdings (PINKSHEETS: VUQO) Updates Shareholders with its recent acquisition of Waste Management Asia Corporation on their First Round Financing Package with Gibraltar Capital in the amount of US$2,375,000.00 intended for a 160 ton per day Materials Recovery System. The funding facility will be coursed through one of the top 5 banks in the Philippines with a Bank Guarantee Arrangement.

Furthermore, WMAC and VuQo Holdings has already submitted requirements for the Second Round Financing Package amounting to US$60 million, involving a Master Investment Trust Program, intended for the solid waste programs in ten (10) regions, delineated to involve 57 towns and cities within 7 year MRCF installations and WMAC directly managed operating period.

WMAC has early co-venture arrangements in Kota Kinabalu, Brunei, Ghana, Nigeria, Togo and the Republic of South Sudan. The WTE programs will utilize the exposure of WMAC with support companies involved in renewable energy power plants backed up by commercial tree plantation programs for wood chip supply. The power plants under consideration are the Ankur of India and Balboa-Pacific of USA, while the tree planting programs are in coordination with GEA Timber Ventures, Inc., the latter company is the subject of a due-diligence acquisition study by WMAC.

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