SALT LAKE CITY, May 21, 2012 /PRNewswire/ -- Garb Oil &
Power Corporation (USOTC: GARB). Garb Oil & Power Corporation
announces shareholders meeting Saturday,
November 17, at 11.00 am, to
be held at Little America Hotel, 500 South Main Street,
Salt Lake City, UT 84101.
THE AGENDA FOR THE SHAREHOLDERS MEETING WILL BE THE
FOLLOWING:
- Update on current situation
- Garb's future direction
- Discussion and vote on approval for share restructuring and the
reduction of the Authorized shares
- Discussion and vote on approval for the elimination of all
Classes of Garb Preferred shares and conversion into Common
stock
- Discussion and Vote on approval for a Reverse Split to occur
within the earliest possible time as per legal requirements.
- Discussion and vote on approval to take Garb to AMX or Small
Cap exchange
- Other matters
Before the shareholders meeting will take place, a proxy
statement will be sent to all shareholders on record followed by
formal notice of the shareholders meeting; this will occur within
the next 120 days.
The Reverse Split has already Board approval and is set at
3000:1, pending shareholders' approval and legal requirements.
The delay from previous announcement is due to the time
necessary to call the shareholders meeting and present the Proxy
statement.
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. Garb Oil &
Power Corporation is not required to update its forward-looking
statements.
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