SALT LAKE CITY , Jan. 8, 2013 /PRNewswire/ -- Garb Oil & Power Corporation (USOTC: GARB). Further to our shareholder update on December 10, 2012 , Garb Oil & Power Corporation announces meeting on January 9, 2013 in Los Angeles , between Garb management and Bionas Malaysia management to discuss possible joint venture partnership for the North American market.

About the company: Bionas Malaysia http://www.bionas.com.my/index.html : Bionas is a company that specializes in alternative fuels their MISSION - To Become the leading producer Of Sustainable Second Generation Renewable Energy which is environmentally friendly, do not cause deforestation, do not compete with food while providing socioeconomic value to local communities.  MISSION - To develop new sustainable green economic activity which will enhance economic growth in rural areas and at the same time eradicate poverty

About the Company: Garb Oil & Power Corporation (Garb) was founded in 1972. The Company is a pioneer in the recycling and waste industries.  The Company's founder invented, patented and produced the first shredder in the world designed specifically for shredding tires. This shredder revolutionized the waste tire world. This tradition for innovation, now stemming over 37 years, is a key founding principle upon which Garb thrives.  The Company continues to infuse this same tradition of enthusiasm and innovation into its operations, and the Company's founder's trademark commitment to breaking new ground will carry on into the future. The new industries of Waste Rubber, Electronic Waste (E-waste) and Waste-to-Energy are the new areas upon which Garb is currently focusing its innovative spirit.  Management believes that the integration of Garb's ClosedCycle™ principle and the attainment of a NoWaste™ process in these industries, along with innovation and contributing technology and products, will keep Garb green on growth.

Certain statements in this announcement contain or may contain forward-looking statements that are subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Generally, the words "believes", "anticipates," "may," "will," "should," "expect," "intend," "estimate," "continue," and similar expressions or the negative thereof or comparable terminology are intended to identify forward-looking statements which include, but are not limited to, statements concerning the Company's expectations regarding its working capital requirements, financing requirements, business prospects, and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. These forward-looking statements were based on various factors and were derived utilizing numerous assumptions and other factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors. Most of these factors are difficult to predict accurately and are generally beyond our control. You should consider the areas of risk described in connection with any forward-looking statements that may be made herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this announcement. Readers should carefully review this announcement in its entirety, including but not limited to our financial statements and the notes thereto. Except for our ongoing obligations to disclose material information under the Federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events. For any forward-looking statements contained in any document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

OTHER PERTINENT INFORMATION

When used in this announcement, the terms "GARB", the "Company", "we", "our", and "us" refers to GARB OIL & POWER CORPORATION, a Utah corporation.

Garb Oil & Power Corporation
+1-801-738-1355 Office
John Rossi President & CEO
Email: info@garbmail.com
Websites: www.garbop.com

SOURCE Garb Oil & Power Corporation