Thursday, July 09, 2009
310 Holdings Inc. Files Patent Application for Plastic2Oil Technology
NIAGARA FALLS, Ontario, July 9, 2009 (GLOBE NEWSWIRE) -- 310
Holdings Inc. (OTCBB:
TRTN) today announces it is filing a patent application to
protect the Company's Plastic2Oil process and technology.
310 Holdings Inc. has developed a process to break down plastic
molecules in order to extract fuel from plastic: Plastic2Oil. This
procedure utilizes a process and catalyst that is not presently
commercialized.
John Bordynuik, 310 Holdings Inc. President and CEO said, "As
soon as our patent application has been accepted by the USPTO and
as soon as we receive the gas chromatograph, we will demonstrate
our technology on a small scale with our small Plastic2Oil
processor. We believe this will adequately disclose and affirm the
viability of our Plastic2Oil process by exhibiting the low
processing time and high yield."
The Company is looking forward to the following schedule of events:
* July 14, 2009: The gas chromatograph is scheduled to arrive at
310 Holdings Inc.
* July 15, 2009: Anticipated closing date of Asset Purchase Agreement
from John Bordynuik Inc.
* July 16, 2009: Large Batch Plastic2Oil Processor Machine leaving
port from China to North America
* August 1, 2009: 310 Holdings Inc. is scheduled to receive the keys
for our new Massachusetts office at 500 Technology Square,
Cambridge, MA.
* August 13, 2009: Anticipated arrival date of Large Batch
Plastic2Oil Processor from China.
"We are very excited to have our own in-house analysis lab so we
can dynamically change the variables within our small processor to
quickly perfect the process and determine processing time and
yield," said Mr. Bordynuik.
By integrating this technology into a large batch processor, the
Company believes that it can accomplish the following:
* Approximately one liter of fuel is extracted from a kilogram of
plastic.
* The gas byproduct provides the energy necessary to fuel the process
thereby eliminating energy costs.
* Due to our catalyst and a highly optimized process, fuel can be
extracted in four hours from a large source of raw unwashed, mixed
plastics.
* Raw plastic materials can be acquired in many forms at little or no
cost.
About 310 Holdings, Inc.
John Bordynuik purchased 63% of the issued and outstanding
shares of 310 Holdings on April 23, 2009. Subsequently, John
Bordynuik was appointed President and CEO of the Company.
Management has commenced operations with Plastic2Oil, a process and
service that extracts fuel from plastic. 310 Holdings Inc. is
incorporated in the State of Nevada and is publicly traded on the
NASDAQ OTCBB under the symbol "TRTN".
For more information, please see http://www.310holdings.com and
http://www.johnbordynuik.com.
Forward-Looking Statements
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act The Private Securities
Litigation Reform Act of 1995 (PSLRA) implemented several
significant substantive changes affecting certain cases brought
under the federal securities laws, including changes related to
pleading, discovery, liability, class representation and awards
fees and of 1995. Those statements include statements regarding the
intent, belief or current expectations of 310 Holdings Inc., and
members of its management as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. The Company undertakes no obligation to
update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
CONTACT: 310 Holdings Inc.
John Bordynuik, President and CEO
john@310holdings.com
Investor Relations
Katie Matkowski
Katie@310holdings.com
+1 (289) 296 - 5538