HOUSTON, Jan. 17, 2018 /PRNewswire/ -- Geo JS Tech Group (OTC: GJST) announced it has acquired Green Fence Recycling and Florence Development LLC. The purchase agreement includes recycling processing system in polyethylene terephthalate (PET) bottles and lithium batteries.
"This agreement allows us to immediately expand operations into recycling," explained Edward Mui, CEO of Geo JS Tech Group. "The processing system, customers and a management team with 25 years of experience in recycling processing will be a great jump start for our 2018 business goals."
This acquisition gives our company the ability to engage in buying, processing and selling ferrous and non-ferrous recycled material and it is expected to provide an anticipated 30 to 40 million dollars in increased revenues in the upcoming fiscal year, a 600% growth year over year.
This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
View original content:http://www.prnewswire.com/news-releases/geo-tech-purchases-recycling-business-300583478.html
SOURCE Geo JS Tech Group
