Tuesday, August 11, 2009
310 Holdings Inc. Provides an Update On Their P20 Process and Technology
NIAGARA FALLS, Ontario, Aug. 11, 2009 (GLOBE NEWSWIRE) -- 310
Holdings Inc. (OTCBB:
TRTN) has received confirmation from RS Marine that their
initial Plastic to Oil processor will arrive at port on August 16,
2009 in two 40-foot shipping containers and will then be shipped by
rail and truck to the first processing site. An engineer is coming
from China to assist with assembly and operation. Assembly of the
processor is estimated to take approximately 3 weeks, and the
machine will then be retrofitted with the Company's catalyst system
as soon as it is functional.
Initial test results have been extremely positive. A number of
different plastics, including ground up tape plastic from the
1960s, have been tested. Gasoline and diesel fuels, acquired from
local gas stations, were also tested and used as a control sample.
The very encouraging results determined that 1 liter of Octane,
with better than an 85% yield, could be produced in just 15
minutes.
John Bordynuik, 310 Holdings Inc. President and CEO, commented,
"We are very excited about these results and look forward to
operating our first large processor in the United States and,
moreover, we feel that we can provide a viable solution to the
world's plastic recycling problem with our revolutionary
technology. Since it takes plastic some 500 years to photodegrade
in landfills, our P2O process will help to minimize that problem,
while providing essential fuel for consumers."
To date, the Company has received numerous sample plastics from
various sources, including a large auto manufacturer in Windsor,
Canada. 310 Holdings, Inc. is then able to analyze yield, quality,
and other factors to determine which plastics will maximize
profitability.
Management has found no lack of raw source material for free,
since there is a vast quantity of unrecyclable plastic that
currently costs the suppliers and municipalities $80 or more per
ton to dispose of in landfill in addition to potentially expensive
transportation costs.
Also, upon the completion and closing of the chemical company
acquisition, the Company will be able to use this facility for
production of their catalyst in a sealed plastic container for
deployment to new sites, while also producing smaller packets to
"top up" the catalyst in operating facilities. The shared resources
would include a team of highly skilled acquisition executives, a
chemistry lab and QC lab, a proven marketing and sales team, a
knowledgeable staff, and a site on which to run a P2O
processor.
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.
On July 16, 2009, 310 Holdings Inc. acquired certain assets of
John Bordynuik Inc., including all of its intellectual property,
its custom tape processing hardware, its Swahili data migration
system, fixed assets, and its current customer base subject to
certain closing conditions and adjustments.
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
+1 (289) 296-5538
Katie@310holding.com