SmallCapNewsRelease:(PINKSHEETS: BGBV) Completes Due Diligence on Contract With Loyalist Township
JERICHO, NY—(SmallCapNewsRelease)—December 7, 2011, Blue Gold Beverages, Inc. (PINKSHEETS: BGBV) announced today the completion of its due diligence phase of their contract to extract clear polyethylene terephthalate (PET) waste fiber from the Violet Road Landfill in Loyalist Township, Ontario.
Blue Gold has agreed to pay the city a royalty of $0.011 per kilogram for the PET removed; the PET, when cleaned and made into pellets can be sold for approximately $650 per ton, a value of $10,335,000.
Blue Gold Beverages recycling business is shaping the company’s future. Originally started as an eco-friendly compliment to the beverage business, the recycling business is driving profits and revenue and will be the major force in increasing shareholder value.
To read the entire press release, please visit http://finance.yahoo.com/news/Recycling-Industrial-Polymers-iw-4161441165.html?x=0&l=1
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