Garb Announces Sale of E-Waste (E-Scrap) Plant to SRI, Inc. in Ohio for $13,490,000.

March 23, 2010 - PRLog -- Tuesday March 23, 2010, 8:47 am EDT

SALT LAKE CITY--(BUSINESS WIRE)--Garb Oil & Power Corporation  www.garbop.com announces the sale for $13,490,000 of an E-Waste processing facility to be commissioned on SRI, Inc., Ohio property site. The plant will process 30,000 metric tonnes of E-Scrap, E-Waste per year using the latest Garb technology. This plant will apply the Garb ClosedCycle™ principal of leaving NoWaste™. Commissioning of the plant is planned for 1st QTR 2011.

John Rossi, Chairman and CEO stated, ”This plant will contribute to elimination of electronic waste “E-Waste” and electronic scrap “E-Scrap”, and will help the state of Ohio to minimize their electronic waste through its exclusive technology process and will allow a further improvement in a no waste principle.” He went on to state, “SRI land is perfectly positioned in the state of Ohio to take advantage of the logistic environment and further help the state in maximizing the elimination of its electronic waste “E-Waste“, “E-Scrape” processing, therefore further reducing the overall waste. This goal is inline with the state of Ohio EPA master plan.”

About Garb Oil & Power Corporation is a company dedicated to the application of ClosedCycle™ technology and NoWaste™ residue. Our plants for Rubber Recycling, E-Waste and E-Scrap Recycling, Waste to Energy and OTR processing plants are all developed with these principles in mind. Garb believes that processing waste should be economically viable and leave NoWaste™. It is our endeavor to build plants that continue to push the boundaries for the attainment of the ClosedCycle™ principal and a world with NoWaste™.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained in this document that are not historical fact, are forward-looking statements based upon management's current expectations. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The results anticipated by any or all of these forward-looking statements may not occur. Garb-Oil & Power Corporation is not required to update its forward-looking statements.

Contact:
Premier Media Service Inc
Kelly Black, President
480-649-8224
480-898-0406 Fax
kblack@premiermediaservice.com
www.GreenStocksRock.com
or
Garb Oil & Power Corporation
Matthew Shepard, Executive Vice President
801-832-9865
801 931-5578 Fax
info@garbmail.com
www.garbop.com

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