ROCK HILL, SC / ACCESSWIRE / January 9, 2017 / GlyEco, Inc. (OTC PINK: GLYE) ("GlyEco" or the "Company"), a leading specialty chemical company, today announced that the Company has reached an agreement with a strategic partner to significantly expand its retail operations in the Southern United States, including the states of Tennessee, Mississippi, Louisiana, Arkansas and Alabama. The Company expects to begin delivering in these states within the next 60 days.
President and Chief Executive Officer, Ian Rhodes, stated, "The expansion of our retail business into these states is an important part of our growth plan for GlyEco and builds on our existing significant retail presence in Florida, South Carolina, North Carolina and Georgia. " Rhodes continued, "We are excited to introduce our quality glycol products, superior service and environmentally friendly solutions to retail customers in these states."
Vice President of Sales, Jeremiah Hiller, stated, "We have been working on this opportunity for several months and are excited to see it come to fruition. Our entire team, including Sales, Operations and Customer Service, are eager to service and grow this new base of approximately 200 customers."
About GlyEco, Inc.
GlyEco is a leading specialty chemical company, leveraging technology and innovation to focus on vertically integrated, eco-friendly manufacturing, customer service and distribution solutions. Our eight facilities, including the recently acquired 14-20 million gallons per year, ASTM E1177 EG-1, glycol re-distillation plant in West Virginia, deliver superior quality glycol products that meet or exceed ASTM quality standards, including a wide spectrum of ready to use antifreezes and additive packages for antifreeze/coolant, gas patch coolants and heat transfer fluid industry, throughout North America. Our team's extensive experience in the chemical field, including direct experience with reclamation of all types of glycols, gives us the ability to process a wide range of feedstock streams, formulate and produce unique products and has earned us an outstanding reputation in our markets.
For further information, please visit: http://www.glyeco.com/.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the Company's business including, increased competition; the ability of the Company to expand its operations through either acquisitions or internal growth, to attract and retain qualified professionals, and to expand commercial relationships; technological obsolescence; general economic conditions; and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Chief Executive Officer, President and Interim Chief Financial Officer
SOURCE: GlyEco, Inc.