GARB Garb Oil and Power Corp (CE)

(1) Are any/all of these plants still planned? If so, what are new timelines?

[John Rossi] I am not sure at what plants you refer to. However all plants are subject to funding and Garb has been working hard at obtaining this funding. So far the Joint Ventures we have initiated have not produced the desired results and we are currently reviewing our position in all cases.

(2) What is the status of EB-5 funding? If EB-5 funding cannot be secured, how does GARB plan to fund the Indiana plant (or any other plant)?

[John Rossi] The EB-5 funding has not been successful as expected, there have been continuous delays, without placing blame on anyone, Garb has cancelled its Joint Venture partnership with ACG and is actively looking for alternative funding solutions for the Indiana plant, which we are still very interested in building.

(3) Is Garb still actively working with Italy JV partners?

[John Rossi] Yes, Garb is still actively working with Italian JV; however, the timing is not as fast as we first estimate. This is in part due to local circumstances related to applications, permits and licenses, we expect these processes to be resolved by end of year, at which time we are then in a position to proceed with the project. This is not a unique story to Italy; in some Eastern States in the US it takes over 3 years to confirm the permits and applications required to build plants.

(4) How does GARB plan to use the revenue from the HKAF contract? Will it be used toward funding construction of a plant & if so, which plant(s)?

[John Rossi] Yes, part of the revenue generated by the HKAF contract will be leveraged to build a plant (we are considering this for Indiana, but other sites are also possible); the rest will be utilized in acquisitions of strategic entities over the next 6 months. Furthermore, the first and most important part of utilizing this revenue is in making Garb current with its filings. This we will initiate with the first money that comes in.

(5) Many proposed share structure updates were proposed in the spring (reverse split, elimination of preferred shares, etc.). Are those plans still in place; if so, when? If not, what are the current plans?

[John Rossi] All of this is still in play; we have not changed anything from our past announcements. Given the necessary money, we will make Garb current, present a proxy statement, do the shareholders meeting, proceed with the reverse split if approved and continue in our growth phase and our objective is still to take Garb to Amex or Nasdaq at the earliest possible time allowable.

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.

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

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