Washington, D.C., August 23, 2013 – (Accesswire) – Virtual Sourcing, Inc. (OTCPink: PGCX) subsidiary Allied Recycling Corp. (ARC) has finalized a purchase order for its first mobile fiberglass disposal equipment unit. In addition, ARC has ordered its first production machine for the conditioning of fiberglass waste, thus beginning the operations outlined within its sub-license agreement with Amour Fiber Core, Inc., a wholly owned subsidiary of American Fiber Green, Inc.
Allied Recycling Corp. holds a sub-license on a patented process for reconditioning fiberglass waste into recycled end products with durability that exceeds that of steel, aluminum and plastic. Their sub-license on this patented process allows ARC to inventory, recycle and produce end products from all fiberglass waste derived from the Mid-Atlantic States. The sub-license agreement also states that ARC is the sole provider of the essential services needed to provide properly sized recyclable material to the licensor, using the licensor’s entire current inventory on a cost plus basis.
ARC's mobile unit is expected be in the field and operational within the next ten weeks. Upon completion and delivery, the mobile disposal unit will begin generating revenue immediately. While the mobile unit is being built, plans are being finalized for initial mobile operations. At present, approximately 4,000,000 lbs. of material is already cut into manageable sizes for processing at various sites in the United States. Initial mobile operations will likely be located in Texas, where a large concentration of the material is currently stored.
To review the Company’s full business plan, please visit: http://www.virtualsourcinginc.com/.
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.
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SOURCE Virtual Sourcing, Inc.
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