Our subsidiary ALLIED RECYCLING CORP is commercia

Our subsidiary ALLIED RECYCLING CORP is commercializing patented and advanced technologies to introduce both cost effective recycling methods and production of recycled fiber products. While these recycled products may compete with certain recycled plastics our products are unique in that they do not warp, corrode, lose pigment, burn or melt. In addition, our products can be made to any mass, weight, color or shape as required by the customer.

ALLIED RECYCLING CORP solves waste stream problems by removing all recyclable fiber materials from the clients’ site and transporting them to our various inventory locations, usually at cost neutral prices compared to dumping at commercial dump sites. We are currently developing a mobile grinding system that will allow for access to remote sites where materials may be limited or transportation to distant inventory locations is cost prohibitive.

The sized material we generate will be produced to the specifications in each off-take agreement. Initially the company will deliver all of the sized material to our licensor/manufacturer of recycled fiberglass products on a cost-plus basis, thus guaranteeing our profitability.

We expect to begin building our fixed plant in the Mid-Atlantic region, in mid-to-late Summer 2013. This facility will be our first site for processing recyclable material at a fixed location. We will produce many kinds of durable goods including fiberglass boards, fasteners, pipe, decking, tables and other compressible or extruded products.

$PGCX

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