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Garb Oil & Power Corp. (GARB.OB) Revises Revenue Estimates for End of Year Results

Today, NoWaste™ residue advocate Garb Oil & Power Corp. announced that the company is in the process of presenting preliminary sales offers for plant feasibility studies.

Plant feasibility studies, aimed for the United States, China, the Middle East, India and South America, lay the foundation for the sale of a Garb Plant. The studies also generate revenue for the company.

Garb Oil & Power is dedicated to the principle of economically viable waste processing, with its plants for Rubber Recycling, E-Waste, and E-Scrap recycling developed with that ideology in mind. A company representative noted that a Shareholder’s Update will be provided by the end of November.

President John Rossi stated, “Our recent introduction of our new machines and plant lines is ongoing and has generated an interest which is growing from customers both within the United States and abroad. We have a foundation upon which to maintain strong optimism that current discussions will result in active machine or plant sales for potential clients in Q1 and Q2 2011. In the meantime, we are presenting quotes for feasibility studies that will verify and determine what type of plants are best suitable for the customers’ needs. We believe that one or possibly two of the feasibility studies will be finalized in Q4 2010. This will create the basis upon which to provide an upward revision regarding Garb’s 2010 revenue.”

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