OCTOBER 2011
                                        

Garb Oil & Power Corp builds e-waste recycling plant in Italy

Garb Oil & Power Corporation will form a joint venture (JV) partnership in Rome, Italy to build and operate an e-waste plant in the Viterbo province. The plant will have 25,000 metric tons input and produce output in copper, aluminum, alloys and plastic. Once operational, revenues are estimated in excess of $15,400,000. All raw materials will be sold to local entities for further processing. The plant will be locally funded and initial funds are available to start the project.

The JV will be 51 percent owned by Garb and 49 percent by a local group already present in the waste recycling business.