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Wednesday May 26, 2010, 10:40 am
SALT LAKE CITY, May 26, 2010 (GLOBE NEWSWIRE) -- Garb Oil & Power Corporation (OTCQB:GARB) http://www.garbop.com/ announces debt reduction in excess of $3,000,000.
John Rossi, President and CEO of Garb Oil & Power Corp, states, "this reduction is in line with our strategy of reducing our past debt and preparing Garb to deal with the new challenges ahead."
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Tuesday May 25, 2010, 9:05 am EDT
SALT LAKE CITY, May 25, 2010 (GLOBE NEWSWIRE) -- Garb Oil & Power Corporation (OTCBB:GARB) http://www.garbop.com/ announces the appointment of John Rossi as new President and CEO of Garb Oil & Power Corp. John Rossi is co-inventor together with Alan Fleming, (Chief Operations Officer), of the ClosedCycled Principal and the driving force behind the technology promoted by Garb. Igor Plahuta, Director of European Operations and Chief Technology Officer, is the developer and patent registrant for most of the technology related to Garb. Together this new team is setting Garb on a new direction.
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Freedom Estimates 30,000 Gallons of Grease Collected From Existing Commercial Clients Per Month to be Sold to Processing Facilities at $1.75 Per Gallon
Wednesday May 19, 2010, 8:00 am EDT
ORLANDO, Fla., May 19, 2010 (GLOBE NEWSWIRE) -- Freedom Environmental Services (Pink Sheets:FRDM) announced today its biofuel consultant, Homestead Inc. has developed a business plan for initiating a biofuel revenue stream for the company. Freedom anticipates collecting 30,000 gallons of grease per month initially, which will then be shipped to existing processing facilities across the country to be turned into biofuel and resold. Freedom expects to receive $1.75 per gallon for the grease it collects from existing commercial clients.
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Monday May 17, 2010, 3:00 pm EDT
OKLAHOMA CITY, OKLAHOMA--(Marketwire - 05/17/10) - Nitro Petroleum Incorporated (OTC.BB:NTRO) is pleased to announce an engineering update on the first two wells in regard to the current enhancement program. The Quinlan #1, Quinlan #2, and Quinlan #3 wells are located in the Northeast Shawnee Field in Pottawatomie County, Oklahoma. Nitro is the operator on this field and chose to upgrade these 3 wells first which includes re-works on mechanical equipment down hole and chemical treatments which will happen within the next thirty days on the Quinlan #1 and Quinlan #2 wells. This work should result in a significant increase of daily production rates. In addition, Nitro's engineering department advises that the Viola Limestone is behind pipe in the Quinlan #3 well which should be re-equipped and put online within the next thirty days for new production. The company is actively seeking further Oil & Gas opportunities and is in negotiations on several projects subject to due diligence.
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Friday May 14, 2010, 2:00 pm EDT
OKLAHOMA CITY, OKLAHOMA--(Marketwire - 05/14/10) - Nitro Petroleum Inc. (OTC.BB:NTRO) reports that the Ward-McNeil well located in Section 27, T3N, R1W, Garvin County, Oklahoma is now ready for a fracture treatment. Nitro is the Operator on this project and their Geologist has identified a potential pay zone in the Viola Limestone formation.
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Company Foresees Strong 2010 Supported by Expanding Commercial Business
Tuesday May 11, 2010, 8:00 am EDT
ORLANDO, Fla., May 11, 2010 (GLOBE NEWSWIRE) -- Freedom Environmental Services (Pink Sheets:FRDM) announced today that it has reduced its operating expenses by 41% year-over-year in period ending December 31, 2009 as reported in the Company's 10K filed Friday, May 7, 2010. Revenues for the Company remained constant during the same period at $283,000.
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