Friday, October 02, 2009
310 Holdings Inc. Announces That Independent Lab Tests Confirm Plastic to Oil Fuel Passes ASTM Tests
NIAGARA FALLS, Ontario, Oct. 2, 2009 (GLOBE NEWSWIRE) -- 310
Holdings Inc. (the "Company") (OTCBB:
TRTN) is pleased to announce that it has received confirmation
from independent lab tests that its Plastic2Oil fuel has passed
ASTM testing.
Samples of fuels were created from various plastic feedstocks
and were tested (ASTM D 5453) and confirmed a sulphur concentration
less than 8.4 ppm (parts per million). Additionally the water and
sediment tests (ASTM D 1796) confirm that its fuel contained less
than 0.005% water and sediment. Density tests also placed the fuel
in the gasoline range.
Refineries management expressed concerns about sulphur content,
which must test under 0.05% for approval. The Company's fuel tested
at only 8.4 parts per million, which is far below accepted
fuel.
ASTM standard tests are used by refineries and diesel/gas
distribution to determine the quality and acceptability of
crude/diesel/and gasoline. They are also used to test large batches
of fuel before acceptance into refineries. See http://www.astm.org
The Company has already contacted refineries where its initial
Plastic2Oil joint-venture sites will be established and the Company
is shipping 1 gallon samples to ready local refineries for its
fuel.
To facilitate global growth of its process, the large
international lab is now doing a complete analysis of the liquor to
establish where the fuel can be blended. Upon completion of these
tests they will recommend refineries that would be willing to
purchase the feedstock.
John Bordynuik, 310 Holdings Inc. CEO and President, related,
"We are very excited and pleased with these results. This
confirmation is another important milestone in our growth model as
it provides credible evidence that the Company's Plastic2Oil
technology is viable and has potential for commercial success. All
types of different plastics produced nearly the same fuel,
management believes, due to our catalyst. Due to the extensive
tests that we have done, the independent testing and verification
of the fuel, the wide variety of feedstock that has been tested,
and the results we achieved from our catalyst, I have focused
resources to finish the large processor as soon as possible. With
the Pak-It acquisition complete, we are exploring options for an
interactive conference call. Upon the selection of a vendor, I will
announce a conference call date through a Press Release in the near
future."
About 310 Holdings Inc.
John Bordynuik purchased 63% of the issued and outstanding
shares of 310 Holdings Inc. on April 23, 2009. Subsequently, John
Bordynuik was appointed President and CEO of the Company. John
Bordynuik has returned 10 million shares of his personal stock to
the treasury in June 2009 to make acquisitions. As of September 30,
2009, the Company is profitable, has nearly 95 employees, 2 major
manufacturing facilities and offices in the U.S., Canada and
Mexico, with a head office at 500 Technology Square in Cambridge,
Massachusetts.
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. On September
30, 2009, 310 Holdings Inc. acquired Pak-It, LLC, the producer of
42 products, currently using its patented Pak-It(TM) water-soluble
liquid packets to deliver concentrated glass cleaner, disinfectant,
and many essential multi-purpose cleaning products for use on
floors, carpets, in kitchens, restrooms, and laundry
establishments, etc. shipped in tiny packages of condensed cleaner.
In this acquisition we also acquired a bulk chemical manufacturing
and packaging facility which will manufacture, package, and
distribute our Plastic2Oil catalyst. Our revenue sources presently
include (i) income from reading archived tapes (including
microfiche) from clients such as NASA, (ii) income from the
recently acquired JavaCo, Inc., (iii) income from the sale of
Pak-It products, and bulk chemical facility which we realize
beginning October 1, 2009, and (iv) from the anticipated
commencement of operations in the fourth quarter of 2009 with
Plastic2Oil, a process and service that converts plastic to fuel
oil.
For more information, please see http://www.310holdings.com and http://www.johnbordynuik.com and http://www.javacoinc.com and http://www.pakit.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@310holdings.com