Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, December 20, 2011
Mon, December 19, 2011 Blue Gold Beverages, Inc./Largest Reclamation Project in North America: Potential Value Exceeding US$ 100,000,000
December 19, 2011 16:05 ET
Blue Gold Beverages, Inc./Largest Reclamation Project in North America: Potential Value Exceeding US$ 100,000,000
GREENWOOD, SOUTH CAROLINA--(Marketwire - Dec. 19, 2011) - Blue Gold Beverages, Inc. (PINKSHEETS:BGBV) through its on-going partnership with California Chemical Fiber Material Company (CCFM) is in negotiations to acquire the rights to the largest polymer reclamation project in North America. Blue Gold Beverages is currently negotiating for the rights to the McAdoo landfill site, which is located near Kingston, Ontario Canada. The commercial grade polymer was buried there in the 1970 by DuPont, the world class chemical company, who invented polymers such as Nylon, Teflon, Mylar, and Kevlar. The estimated value of the commercial grade polymers once cleaned; reground and pelletized is US$ 120,000,000.
Blue Gold Beverages is familiar with the consistency/quality of the polymers originating from the DuPont facility located near Kingston Ontario. The company had previously sourced commercial grade Nylon from the McKendry Landfill site, also used by DuPont. The polymers were extracted and successfully sold to the Asian market; therefore Blue Gold Beverages is confident that this new reclamation project will be a huge commercial success.
ABOUT THE COMPANY: Blue Gold Beverages wholly owned subsidiary, TY Recycling specializes in the cleaning, processing and recycling of thermoplastic polymers such as Polyethylene Terephthalate and Type 66 Nylon waste. This is in-line with the company's strategy of becoming environmentally responsible by eliminating its carbon footprint, and increasing shareholder value. Blue Gold Beverages, Inc. through its recent acquisition of Epic Nutrition is a leading producer of 2 ounce specialty drinks and energy bars such as NRG Shots and PitBull energy bars, please visit our website [ www.bluegoldbeverages.com ] for more details.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.
