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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

garb oil & power corporation (GARB) Snapshot

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02/19/14 - $0.0006
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garb oil & power corporation (GARB) Details

Garb Oil & Power Corporation, together with its subsidiaries, engages in the manufacture and sale of equipment and products to the waste processing, energy, and recycling industries in the United States. It is involved in building and commissioning of turn-key waste-to-energy plants and refinement/recycling plants in e-scrap/e-waste and waste-rubber. The company develops enabling technologies for waste processing and recycling waste rubber; municipal waste, domestic waste, waste to energy, and electronic scrap; and derivatives, including rubber power, fine rubber particles, alloys of rubber, TPE-V and rubber, elastomers, compounds, and technical rubber products from raw material for recycling industries, and original product manufacturers and producers. The company is headquartered in Murray, Utah with an additional office in Largo, Florida.

4 Employees
Last Reported Date: 03/8/12

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garb oil & power corporation (GARB) Key Developments

Garb Oil & Power Corporation Enters into Lease-To-Own Letter of Intent for 55,785 Square Feet of Office and Warehouse Space

Garb Oil & Power Corporation entered into a material contract, a Lease-to-Own Letter of Intent, for a Largo commercial property that totals 55,785 square feet of Office and Warehouse space located on 2.51 acres of land for the Company to occupy 16,838 square feet of the space by July 1, 2014. The 16,838 square feet of warehouse space that is currently being utilized by the seller that will be made available for occupancy is sufficient to house the Company's corporate staff, especially the office space required to fully staff the corporate Sales and Marketing Department. The available warehouse space being occupied is sufficient to warehouse and sell new truck tires. The Lease-to-Own purchase amount is $1,385,000 and the monthly lease amount is $7,000 for the 16,838 square feet portion of the property with $5,000 monthly being recognized as principal payments toward the purchase price of the entire 55,785 square foot complex. The Lease-to-Own term is for six months.

Garb-Oil & Power Files Form 15

Garb-Oil & Power Corp. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended.

Garb-Oil & Power Corp. Completes Preliminary Due Diligence on Las Vegas Project

Garb-Oil & Power Corp. has identified two, suitable locations to develop an e-Waste treatment center in the Las Vegas, Nevada Metropolitan area. For a number of reasons, Las Vegas is a natural choice for an e-Waste recycling plant. The Las Vegas, Nevada MSA is home to over 2,000,000 people with an annual visitor volume of approximately 40,000,000. As a major logistic hub, because of its strategic location along the Interstate 15 Freeway, a Las Vegas plant would gather input material from Southern California as well as cities located in Utah. Although Las Vegas is a city of approximately 2,000,000 residents, its annual waste deposited in the area landfill is equivalent to a city of over 5,000,000 because of the vast consumption exhibited by the local and visiting populations. Additionally, Las Vegas has approximately 27,000,000 people within a 300-mile radius from which to draw source material. The State of Nevada is keen on bringing new, nongaming industry to Nevada, and a number of possible incentives should be garnered due to the employment base and economic impact the plant will deliver. Two suitable locations have been identified. Location one is situated on an approximate seven-acre parcel with one building encompassing 10,000 square feet with existing rail spurs able to receive e-Waste material from the greater Los Angeles region. The building will require expansion to approximately 40,000 to accommodate the first phase of the e-Waste facility. Location two is approximately 20 acres and is situated approximate to the Harry Reid Technology Park in the Southwest area of Las Vegas. Garb will finalize decision on which property within the month. The Recycling plant will have capacity at maturation to process 42,000 metric tons of material across all e-Waste streams including large household appliances, LCD Monitors and a complete Plastics processing line. The total build-out of the Las Vegas e-Waste recycling plant is estimated to be $34,000,000. Design, Construction and Equipment installation period is estimated at 15 months from ground breaking, and full input material to reach plant capacity is estimated by the 21(st) month following commencement.


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