American Fiber Green Products, Inc. to Report Fourth Quarter Revenue
(firmenpresse) - TAMPA, FL -- (Marketwire) -- 03/23/12 -- American Fiber Green Products, Inc. (OTCQB: AFBG) (PINKSHEETS: AFBG) today announced that the company will report its first substantial revenue from its proprietary fiberglass recycling division, Amour Fiber Core, Inc.
AFBG President, Daniel L. Hefner, noted that the 10K due to be filed at month's end will report the first revenue from the multi-billion dollar wind energy industry. Fiberglass disposal generates millions of dollars in tipping fees annually, according to Hefner.
Hefner stated, "We have spent a number of years preparing for the day that we could implement our plan of recycling fiberglass. The fourth quarter of 2011 was the right time to launch because of the needs expressed by leaders of the wind energy industry, to find an alternative to placing the damaged wind blades in landfills. According to industry professionals, these massive fiberglass components will not degrade for thousands of years if left intact. We are excited about our role in mitigating this issue and generating operating revenue."
According to AFBG Chairman Kenneth McCleave, the company has been responsible for blade extraction in Minnesota, Montana and Texas and will be expanding its operations across the country to meet the hundreds of requests for implementation of the fiberglass recycling process patented by William Amour.
McCleave stated, "Now that we have opened the door, we are being inundated with calls and emails from around the country for the company to come to the aid of manufacturers nationwide who desire to prevent fiberglass from going to landfills. Our patented process will allow us to make useful, quality products from the fiberglass stream. Revenue is expected to grow dramatically as we expand to meet these needs."
American Fiber Green Products, Inc. trades under the symbol AFBG. The company maintains a website at .
AFBG has a Strategic Partner in American Commerce Solutions, Inc. trades Over the Counter under the symbol, AACS. The Company maintains a website at
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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Datum: 23.03.2012 - 10:30 Uhr
Sprache: Deutsch
News-ID 127807
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Town:
TAMPA, FL
Kategorie:
Hazadous Materials Management
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