AFBG Nears Deal on Florida Joint Venture
26 Marzo 2012 - 4:30PM
Marketwired
(OTCQB: AFBG) (PINKSHEETS: AFBG) American Fiber Green Products,
Inc. today announced that negotiations have advanced on a possible
joint venture operation with Florida partners to facilitate the
recycling of abandoned and salvage boats from Florida rivers and
tributaries, as well as the Gulf of Mexico.
Ken McCleave, Chairman of American Fiber Green Products, Inc.
Board of Directors, noted that in excess of 100 acres of land have
been identified in West Central Florida to accommodate a fiberglass
boat recycling operation. The property's owner has agreed to make
the property available in conjunction with a third entity equipped
with barges and other equipment required to raise the Coast Guard
estimated 9000 boats that lie in the shallow waters of the Gulf of
Mexico. Florida, like many other states, struggles with the number
of boats left abandoned both in the waterways and on land. Our
ability to process fiberglass and recycle to new marketable
products will be the catalyst to a successful business venture.
It is anticipated that a boat recycling depot can be operating
in the next 90 to 120 days. Many states have funds earmarked
specifically for abandoned boat programs.
Company President Daniel Hefner offered, "In the aftermath of
Hurricane Katrina and other storms, our coastal states have been
littered with thousands of boats. In the cleanup after the storm,
salvagers stripped boats of their valuable electronics and metals,
leaving the fiberglass shells behind as eyesores to the landscape
and hazards in the shallow waterways. Insurance companies paid
owners for their losses and have continued to pay countless claims
for boats damaged as they strike obstructions just under the
surface. The Florida Keys offer a particularly vivid picture of the
problem as you view the numerous masts protruding from the water.
We will offer a pickup service as well as an owner drop off option.
Fees will be derived from all services offered. We expect to be
able to replicate this operation in multiple states in conjunction
with other fiberglass manufacturing trim disposal."
Hefner stated that the partners are so sure of success that
plans are being made to acquire up to an additional 300 acres to
accommodate the recycling initiative.
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 AFBG President 813-244-9843
Grafico Azioni American Fiber Green Pro... (CE) (USOTC:AFBG)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni American Fiber Green Pro... (CE) (USOTC:AFBG)
Storico
Da Mag 2023 a Mag 2024
Notizie in Tempo Reale relative a American Fiber Green Products Inc (CE) (OTCMarkets): 0 articoli recenti
Più American Fiber Green Products, Inc. Articoli Notizie