Blue Gold Beverages, Inc.: $300,000 Worth of Thermoplastic Polymers Leaving for Asia Market
(firmenpresse) - GREENWOOD, SOUTH CAROLINA -- (Marketwire) -- 12/09/11 -- Blue Gold Beverages, Inc. (PINK SHEETS: BGBV) The first shipment of Type 66 Nylon commercial waste has left our facility in Greenwood, South Carolina destined for the Asian markets. The Ten (10), forty foot containers full of the thermoplastic polymer have been shipped to our largest Asian clients. NGOG NGA CO.LTD, Quang Ninh, Vietnam, and JUMBO SPIRIT ASIA LIMITED, Hong Kong will be receiving the approximately 140 M/T of merchandise within 45 days. The polymers will be tested, cleaned and processed to determine the quality, purity and ultimately the purchase price.
The early estimates show between 20,000 to 30,000 metric tons of the Thermoplastic Polymers available for recovery, the current market value of clean, pelletized nylon at approximately $1500 per metric ton, the total value of recoverable Nylon at the South Carolina site is estimated at $30,000,000 to $45,000,000.
Please visit our website at under TY Recycling tab to see all of the latest updates on this and all of our projects as well as more about commercial grade type 66 Nylon and Polyethylene Terephthalate.
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 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.
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Datum: 09.12.2011 - 07:00 Uhr
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News-ID 1064465
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