| Business Summary | | Garb-Oil
&
Power
Corporation
is
in
the
business
of
developing
and
marketing
processes
that:
recover
crumb
rubber
or
other
recyclable
rubber,
oil
by-products,
commercially
marketable
char
and
steel
from
scrap
tires;
recover,
repair
and
market
truck
tires
of
all
sizes;
and
utilize
scrap
tires
and/or
municipal
waste
to
generate
steam
for
the
production
of
electricity.
In
this
respect,
the
Company
has
designed
a
system
that
is
capable
of
recovering
used
rubber
from
large
off
road
tires.
In
1999,
the
Company
acquired
certain
assets
from
its
sister
company,
Garbalizer
Machinery
Corporation,
including
the
rights
to
manufacture
and
sell
Garbalizer
tire
shredders.
In
addition,
the
Company
has
the
rights
to
act
as
the
non-US
agent
for
a
third
party's
unproven
technology
for
the
remediation
of
radioactive
wastes
and
exclusive
rights
to
build
its
plants
in
the
United
States
and
abroad. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Garb-Oil
and
Power
Corporation
has
developed
and
patented
a
process
that
produces
electricity
from
scrap
tires
and
municipal
waste;
recover
crumb
rubber,
oil
and
steel
from
discarded
tires.
For
the
nine
months
ended
3/31/01,
the
Company
reported
no
operating
revenues
for
both
fiscal
periods.
Net
loss
rose
from
$16
thousand
to
$162
thousand.
Results
reflect
the
absence
of
any
revenue-generating
activities,
and
a
lower
gain
on
the
sale
of
assets. | More
from
Market Guide: Significant
Developments |
| | |
| Position | John Brewer, 78 | Chairman,
Pres, Director of HR | Bill Vee Anderson, 49 | VP,
Director | Charles Laver, 77 | Sec.,
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|