TransGlobal Assets Makes Revolutionary Engineering Advancements to Expand Biomass System Across Multiple Industries
24 5월 2011 - 9:30PM
Marketwired
TransGlobal Assets, Inc., (OTCQB: TMSH)
(PINKSHEETS: TMSH) is pleased to announce that its Joint Venture
Partner, Helios Inc. of India, has made revolutionary engineering
advancements to its biomass unit design allowing the System to now
take in virtually all forms of waste generated by humans and
animals and convert the waste into saleable electricity and
byproducts. The advancements position TransGlobal Assets as the
sole supplier of a completely portable and modular all-waste
management solution for commercial-scale use on the market today.
By engineering the System to process an even wider variety of
waste inputs, the Company can expand its business beyond landfill
clean up and management to an even broader range of commercial
industries that also generate and manage high volumes of waste
product. TransGlobal Assets can now provide solutions for, and
generate clean energy from:
- Medical waste
- Commercial poultry, swine and livestock production
- Human sewage
- Wood, plastic, glass, metal and rubber refuse (including
tires)
- Coal and coal waste byproduct
- Textiles and leather manufacturing debris
- Yard and garden debris and more.
"Not only has this design enhancement expanded
our market exponentially, it has opened up avenues for revenue
beyond the already enormous industry of municipal solid waste
management," says Paul Thompson, Vice President of Investor
Relations for TransGlobal Assets. "In short order, we expect to
more than double our original revenue estimates in sales, leasing,
and Company managed systems."
Revenue Impact:
As a result of the design enhancements, the Company intends to
initially expand into four additional industries beyond Municipal
Solid Waste management. The Company conservatively projects a
five-fold increase in the number of units sold, leased or operated
as a result of the expansion. At present, the Company holds Letters
of Intent to purchase eight 1-MW units for MSW processing. The
units are expected to generate revenues over $48M USD. Based on its
current purchase commitments within one industry, the expansion
across five industries could realistically increase revenues from
$48M USD to $240M USD.
Furthermore, other commercial and civic entities have expressed
interest in purchasing 37 additional biomass systems for MSW
processing and landfill clean up. Revenues from those sales could
reach $270M USD. Based on current expressed interest and the
additional industries which have been made available with this new
technology, TransGlobal Assets will establish itself as a leader in
this multi-billion dollar renewable energy market and make a
significant positive impact on the environment.
About TransGlobal Assets, Inc.:
TransGlobal Assets, Inc. is a rapidly evolving global holding
corporation strategically poised to build a multi-billion dollar
asset base within diverse industries around the world. The
Company's initial emphasis is on Renewable Energy Ventures, Resort
and Hospitality Properties, Senior-Related Services, Commercial
Real Estate, select Manufacturing, and beyond. To learn more about
TransGlobal Assets, Inc., please visit:
http://www.tmshglobal.com/
Safe Harbor Statement This news release
contains "forward-looking statements" as that term is defined in
Section 21E of the Securities Exchange Act of 1934. Statements in
this press release that are not purely historical are
forward-looking statements. Forward-looking statements involve
known and unknown risks, and other factors that may cause actual
results or achievements to differ materially from the anticipated
results or achievements expressed or implied by such
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
General Inquiries: Paul Thompson Vice President, Investor
Relations TransGlobal Assets, Inc. - USA Email:
investorrelations@transglobalassets.com On the web:
www.transglobalassets.com
TransGlobal Assets (PK) (USOTC:TMSH)
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