Tampa, Florida 06/26/2013 (Eteligis via Accesswire)-- An American Fiber Green Products, Inc. (OTC PINK: AFBG) spokesman today announced that the company has entered into a sub-license agreement with Allied Recycling Corp (ARC), a wholly owned subsidiary of publicly traded, Virtual Sourcing, Inc. (OTC PINK: PGCX).
Chairman Kenneth McCleave announced today that after months of negotiations, the Company has opted to award a sub-license agreement for the Mid-Atlantic states to Allied Recycling Corp. According to McCleave, ARC will be responsible for gathering and processing waste fiberglass along the Eastern seaboard from the Carolinas to Maryland. The territory may be expanded by mutual consent.
McCleave stated, “Our CEO and President, Dan Hefner, has negotiated the terms and conditions of the agreement, as well as some special assignments specific to this first sub-license. We are excited to welcome Virtual Sourcing, Inc. (PGCX) as a player in American Fiber Green Products, Inc. (AFBG)
AFBG has been spent the last 18 months establishing fiberglass gathering sites strategically around the country. Currently sites are operational in Texas, Nevada, Wyoming, Illinois, Pennsylvania and Florida where millions of pounds of waste fiberglass have been kept from landfills. Additional sites are being considered for Michigan, Tennessee, Mississippi, Ohio and Washington.”
Hefner commented, “Our business plan called for 18 to 24 months of waste gathering, followed by a period of material grinding. Virtual Sourcing, Inc., through its ARC subsidiary will be responsible for mobilizing units for grinding the currently stored material to prep it for use in the AFBG subsidiary Amour Fiber Core, Inc. patented process to manufacture recycled products.
American Fiber Green Products, Inc. subsidiary, Amour Fiber Core, Inc. is advancing its business model of removing fiberglass from landfill destinations for recycling into environmentally friendly replacements for pressure treated wood, concrete and even steel in many applications.
American Fiber Green Products, Inc. trades Over the Counter under the symbol AFBG. The company maintains a website at www.americanfibergreenproducts.com.
AFBG has a Strategic Partner in American Commerce Solutions, Inc. which also 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 presentation should consider the possibility that material differences from the information presented may occur and should be verified before any consideration to invest.
Daniel L. Hefner
- wholly owned subsidiary