USA Recycling Industries, Inc. Discloses Corporate Events to the Public Domain
01 October 2011 - 3:07AM
Marketwired
USA Recycling Industries, Inc. (PINKSHEETS: USRI), a scrap metals
recycler servicing the automotive service center industry with
commercial customers throughout North America, today announced
several key corporate events that are expected to produce both
short and long-term value for the Company and its shareholder base.
The Company, through the outside accounting firm of Lynda R. Keeton
CPA, LLC based in Henderson, Nevada, has finalized its financial
statements through December 31, 2010 and along with the Company's
Disclosure Statement both are expected to be released as current
information to OTC Markets Group, Inc. in mid October 2011. Several
key Corporate events resulted in the Company's decision to delay
the release of its completed financial Statements and disclosure
statement which are as follows:
1. The Company is in discussions with two (2) major used motor
oil re-refiners, both privately-held firms, one based in the United
States and the other Europe, to secure a direct end-user-consumer
relationship for its collected Used Motor Oil. A final agreement is
anticipated to be secured with one of the re-refiners in the near
term;
2. The Company is in discussions with Exide Technologies
(NASDAQ) to supply certain scrap metal products to Exide's smelter
operations throughout North America and potentially its European
operations. Exide has issued a purchase-order to the Company and a
pilot-program will be implemented in the month of October 2011 to
begin delivery of these particular scrap metal products;
3. The Company has engaged the New York law firm of Charles
Internicola to assist the Company's Management in the development
of the "USA Recycling franchise system" and the filing a national
franchise registration offering to further expand the Company's
market share www.FranchiseLawSolutions.com
USA Recycling Industries CEO Vincent J. Smith stated, "We have
been able to position the Company well for fiscal year 2012 making
major in-roads with direct end-user-consumers for a variety of
recyclable materials. In addition, our planned franchise offering
will provide significant growth opportunities throughout North
American and allow the Company to reach a much broader market in
the automotive service center industry sector. All of this will
benefit the Company's market position while providing long-term
value for the Company's shareholders."
About The Company
USA Recycling Industries, Inc. formerly known as Voyager
Petroleum, Inc. (www.usarecyclingindustriesinc.com) is a publically
traded mid-market scrap metal recycler servicing commercial &
industrial customers throughout North America. USA Recycling
Industries now participates in a $75 billion global scrap metals
market through its acquisition of Scrap USA in January of 2011.
Operating since 2007, USA Recycling Industries has been focused on
and successful in targeting the Automotive Service Center Industry.
It currently provides specialty recycling programs to more than
4,000 automotive service center locations operated by some of the
most recognizable names in that retail category. USA Recycling
Industries contracted automotive scrap metal suppliers are listed
on the NASDAQ, New York Stock Exchange and others are owned by some
of the world's largest hedge funds. Having developed a national
footprint in its current market of scrap metal collection &
processing the Company is now comfortable with integrating other
ancillary products such as used motor oil and other automotive
related recyclables to its specialty services.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995. Statements contained in this document that are
not historical fact, are forward-looking statements based upon
management's current expectations. The forward-looking statements
are subject to risks and uncertainties that could cause actual
results to differ materially from those set forth in or implied by
forward-looking statements. The results anticipated by any or all
of these forward-looking statements may not occur.
For Further Information Contact: Vincent J Smith CEO USA
Recycling Industries, Inc. Ph: 610-374-0282 toll-free 877-464-5865
Email: Email Contact
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