SALT LAKE CITY, July 12, 2012 (GLOBE NEWSWIRE) -- Garb Oil & Power Corporation (Pink Sheets:GARB) announces an update for its shareholders on the Company's current situation.
The Company has been quiet over the last 7 weeks, but management has been working on several projects and transactions. Management's first priority is to generate revenue into Garb, and the second priority is to file and keep Garb current with its public filings. During the last 7 weeks and most of this year, management has worked hard at achieving these two critical milestones. Management anticipates filing a Current Report on Form 8-K on July 13, 2012, to disclose a strong revenue contract for Asia Pacific in the form of a consulting agreement, with additional information to follow. Management believes that the revenues produced from this agreement will enable the Company to update our filings and get current in the quickest possible time.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this document that are not historical fact, are forward-looking statements based upon management's current expectations. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The results anticipated by any or all of these forward-looking statements may not occur. Garb Oil & Power Corporation expressly disclaims any obligation or intention to update any forward-looking statements.