American Fiber Green Products, Inc. Enters Multi-Billion Dollar Wind Energy Industry
23 Marzo 2012 - 4:00PM
Marketwired
American Fiber Green Products, Inc. (OTCQB: AFBG) (PINKSHEETS:
AFBG) today announced that the company has tapped into the
multi-billion dollar wind energy industry and opened the first of
many fiberglass recycling collection points around the continental
U.S. for the purpose of using its proprietary patented process to
recycle fiberglass.
According to Kenneth McCleave, Chairman of AFBG, the first major
collection site was opened in Roscoe, Texas in the fourth quarter
of 2011 specifically to handle the fiberglass blades of the wind
energy industry damaged and removed from service by manufacturers,
owners and operators of wind farms. This location was chosen
because it is home to the nation's highest concentration of wind
turbines and anticipated growth. This multi-billion dollar industry
generates thousands of tons of fiberglass waste either through the
manufacturing process or decommissioned wind blades in the field.
Until AFBG began operation in August of 2011, all waste went to
landfills where it will stay for hundreds of years without
degradation. Since that time, AFBG has been commissioned to move
almost 200 tons of product into its recycling program by some of
the world's most prominent companies.
The Company has removed wind blades from Texas, Montana and
Minnesota and has opened smaller temporary fiberglass storage in
Wyoming and at its headquarters in Tampa, Florida.
McCleave stated, "Our CEO and President, Dan Hefner, has been at
point to locate company sites. Currently, we have chosen ten (10)
cities as hubs for gathering. We expect to open at least this
number over the next 12 months."
Hefner commented, "We have received hundreds of calls from
fiberglass producers all over the country asking when we will be in
their area. These calls represent millions of pounds of fiberglass
destined for the landfill each year until we are in place. They
also represent millions of dollars in tipping fees annually that we
can receive."
Hefner continued, "We have been seeking adequate funding to
allow a major push toward establishing our network of fiberglass
recycling facilities. The first step in doing so was identifying
locations of sufficient waste production where the tipping fees
generated would produce adequate cash flow to make the operations
profitable in anticipation of the actual production facility coming
online. While we are considering purchases, leases, joint ventures
and state economic development opportunities nationwide, the
magnitude of the wind energy industry in Texas and contiguous
states and the cash that could be generated made the region a
logical choice for our first gathering site. The city of Roscoe,
Texas welcomed us on a temporary basis and hopes to make the
partnership permanent. As a designated 'economically disadvantaged'
city, it is anticipated that that city will be able to use local,
state and federal funds to bring the new jobs of fiberglass
recycling to their residents."
The Company expects to be able to use this model to expedite the
expansion projected for the next 24 months.
Hefner noted substantial progress has been made in creating
awareness of the growing fiberglass dilemma worldwide and of
American Fiber Green Products, Inc. subsidiary, Amour Fiber Core,
Inc.'s ability to be The Solution for diverting fiberglass from
landfill destinations to recycling into environmentally friendly
replacements for pressure treated wood, concrete and even steel in
extreme cold applications.
American Fiber Green Products, Inc. trades under the symbol
AFBG. The company maintains a website at
www.americanfibergreenproducts.com.
AFBG has a Strategic Partner in American Commerce Solutions,
Inc. trades Over the Counter under the symbol, AACS. The Company
maintains a website at www.aacssymbol.com.
Under the Safe Harbor rules consider the following: Any portion
of this presentation that is not historical in nature is subject to
change due to any number of factors that are not under the control
of the Company or its officers. As such, anyone reading this
information release should consider the possibility that material
differences from the information presented may occur and should be
verified before any consideration to invest.
Contact: Daniel L. Hefner 813-244-9843
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