Garb Oil & Power Corporation (GARB) Signed a $20 Million Equity Line Funding Agreement and Engages DDR & Associates to Assist With Potential Acquisitions.
SALT LAKE CITY , June 7, 2011 /PRNewswire/ — Garb Oil& Power Corporation (OTCQB: GARB) signed a $20 million Equity Line with Evolution Capital, LLC . The funding will be used to close on potential acquisitions currently under review and due diligence.
In addition GARB engaged DDR & Associates , a strategic consulting firm with years of expertise in helping small enterprises achieve their growth potential.
“After evaluating GARB for a number of months we concluded that GARB possesses the technical know-how and the technologies to develop into a strong player on an International scale, within the E-Waste, E-Scrap and Rubber Recycling Industries . Our research had shown that these are high growth industries and DDR & Associates is proud to participate and assist GARB to grow,” stated DDR Managing Director, Mr. Michael Dancy .
PHI Group Subsidiary Acquires Humex Medical Group to Engage in Stem Cell Research and Therapy
LOS ANGELES, CA — (MARKET WIRE) — 06/07/11 — PHI Group, Inc. (OTCQB: PHIE) (PINKSHEETS: PHIE) (FRANKFURT: PR7), a company focused on M&A consulting services, real estate development, natural resources, energy and special situations, announced today that its majority owned subsidiary Provimex, Inc. has acquired Humex Medical Group, Inc. , a California corporation, to engage in stem cell research and therapies in Southeast Asia.
According to the corporate combination agreement between Humex and Provimex, Humex will exchange all its issued and outstanding shares for a 70% ownership in Provimex whereas PHI Group and its shareholders will retain 30% in the combined company.
Both Humex and Provimex are in the process of completing their financial audits and will file a registration statement with the Securities and Exchange Commission to become a new fully reporting publicly traded company. The combined company will change its name to EHE Biocell Group.