PGCX - Virtual Sourcing, Inc. Due diligence
PGCX Company Description
Virtual Sourcing, Inc. is a publicly traded company (Pink OTC Markets: PGCX) that pursues business opportunities in fiberglass recycling and products marketing manufactured products made from recycled fiberglass fibers, other fibers and virgin materials.
PGCX Products and Services
Recycling Solutions – Industrial Products
Virtual Sourcing is able to produce products for industry from building materials such as support beams, structural beams, plank for decking, railings, siding, seawalls, docks and just about any size, shape or strength. Other uses include bumper blocks for parking facilities, ramps for handicapped accessibility, picnic tables, cabinetry, shelving, etc.
The reuse, recycle, repurposing of various composites has been an ever increasing fact in the modern waste stream reduction cycle. Their licensed patented method of reusing composites in their fiber state to make new products is however, the only viable method of its kind at this time for most composites other than wood or plastic.
FIBERGLASS BOATS
The recent spate of inclement weather over the last decade have caused extraordinary issues with damaged or destroyed boats along the Atlantic Seaboard and Gulf Coast Regions of the United States.
Recent estimates from eight states governors suggest that there are as many as 15,000 boat hulls in need of disposal and possibly thousands more that still require salvage. In the Gulf Coast Region the 5 of the states have joined together to search for solutions to the more than 10,000 hulls in their region that are on shore. This consortium has stated a desire to dispose of them in a green/environmentally friendly manner. We are the solution! Many of these hulls are in the process of being stripped of the electronics and metals on board.
We are most interested in assisting in the disposal of these crafts and would welcome all contacts from the governors, insurers, municipalities, marinas and owners of these crafts. Our mobile cutting and chopping facilities can save thousands of dollars in logistics costs, landfill costs and these problems can be solutions in new consumer goods for region where salt corrodes all products made with wood and metals.
While we specialize in the Mid Atlantic our Licensor will allow us to participate in all regions seeking a solution to this significant problem. Other joint ventures with our Licensor and salvagers allow us to be a one stop shop from salvage to final green disposal.
Wind Turbine Blades
The wind industry has been growing at a great rate since the 1970?s. With the expansion have came several large corporate participants from the fiberglass industry, blade manufacturers and turbine manufacturers. These blades were designed for a 30 year life cycle. The end of this cycle creates a vast inventory resource for us. Thousands of these blades require disposal and the numbers will increase every year for the next couple of decade. These blades weigh from 8-12 tons depending on the length and girth. The major companies needing disposal are General Electric, Siemens, GAMESA, and Vestas Wind Systems. There are more than 30 others world-wide wind blade manufacturers. We and our Licensor are currently the only recycler of these blades.
We strive to be a cost competitive if not revenue neutral disposal partner for these products compared to local landfills.
Fiber/Composite Automobiles
The advent of the molded custom vehicle bodies and those of other sports car manufacturers causes a small but needed niche market for the waste from production of these molds and the recycling of damaged or destroyed vehicles. The ATV shells are also included in this niche market. We will pickup and recycle these products from the owners, insurers or vehicle salvagers.
Manufacturer Waste
The fiberglass and composite industry creates hundreds of thousands of pounds of waste in the United States on a daily basis. We are happy to entertain any venture between these manufacturers and ourselves to stop the use of landfills for the disposal of this waste and do it on a revenue neutral or joint venture basis with the manufacturer.
Plastics
Our recycling system allows us to use various composites in the production of finished goods wrapped in recycled fiberglass. Plastics that are not recyclable in conventional methods are almost always able to repurposed in the manufacturing of new durable consumer products and building material using our production method.
Resin
Resins that are out of date or unusable are able to be recycled in our composite filler program allowing the manufacturer to avoid the cradle to grave disposal process reducing their costs dramatically and allowing them to receive a Green Disposal Certificate making them a much better corporate citizen.
Carpet
In certain repurposed products various carpet fibers are able to be used to strengthen certain products at the core. While we have not yet been successful in achieving a use for the backings just the green disposal with the use of the fibers is capable providing a vast reduction in the waste stream from discarded remnants, side cuts from manufacturing and recycling at the landfill. Watch for carpet recycling dumpsters at your local landfill. If you don’t see them ask them to contact us for inclusion in our waste diversion program.
Scrap Metals
We are acutely aware of the waste industry trend of forcing haulers and metal recyclers to take all the waste from various manufactures. The waste haulers and metal recyclers are being saddled with substantial costs to dispose of the fiberglass, other fibers and composites. Please contact us as your solution to this costly waste disposal problem.
PGCX Key Company Management
Mario Faraone, Interim President
Mr. Faraone holds a Bachelor of Science degree in Finance. He has been active in various finance and financial collection product developments since 2003. He has been instrumental in the development of Skip Trace (creator) and default entitlement profiles in the mortgage industry. He has also been the business
coordinator for various major projects such as upgrades to mainframe programming, dialer and telephony profiles.
Changes in Corporate Management 1/13/14
http://finance.yahoo.com/news/virtual-sourcin...41041.html
PGCX Contact Info
1200 G St NW
Suite 800
Washington, DC 21046
Website: http://www.virtualsourcinginc.com
Phone: 877-291-0053
Email: info@virtualsourcinginc.com
PGCX SEC Filings
http://www.otcmarkets.com/stock/PGCX/filings
PGCX Headlines
http://finance.yahoo.com/q/h?s=PGCX+Headlines
Investigate more about PGCX @ http://www.otcmarkets.com/stock/PGCX/quote for more due diligence.
