Garb (GARB.OB) Announces: Forming a Consortium to Build 10 E-Waste Plants.

March 25, 2010 - PRLog -- Thursday March 25, 2010, 8:43 am EDT

SALT LAKE CITY--(BUSINESS WIRE)--Garb Oil & Power Corporation (OTCBB- GARB.OB) announces that it is in the final stages of forming a consortium of six companies to build 10 E-Scrap (E-Waste) plants in the Eastern part of the US. The combined value of the projects is $135,000,000, spread over the next 24 months. Garb expects to finalize the agreement with all six companies by the end of next week. The plants will process 300,000 metric tonnes of E-Scrap (E-Waste) per year using the latest Garb technology in 10 States across the Eastern US seaboard. The plants will apply the Garb ClosedCycle™ principle of leaving NoWaste™. Commissioning of the plants will start 1st QTR 2011 and continue to 1st QTR 2012.

John Rossi, Chairman and CEO, stated, “The consortium will be made up of six companies, all contributing in some way to the projects. From manufacturing to consulting each company will help Garb to consolidate our ClosedCycle™ principle and contribute to a NoWaste™ process.” He went on to state, “Garb will take the leading role in the consortium with 51% of the shares, Garb will contribute its E-Waste (E-Scrap) technology and expertise. The consortium will own, manage and operate the 10 plants once they are built and contribute to a solid reduction of Electronic Waste (E-Waste) and general Electronic Scrap (E-Scrap) in Eastern USA.”

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™ principle 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
John Rossi, CEO
+1-801-832-9865
+1-801-931-5578
info@garbmail.com
www.garbop.com

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