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American Fiber Green Products, Inc. is a holding company whose main business is fiberglass recycling.
For decades chemists from around the world have sought to find feasible means to recycle fiberglass. Why? Fiberglass products and FRP waste are filling the world’s landfills and cluttering fields and scrap yards globally. The time required for these products to naturally deteriorate is over 400 years! With the constantly expanding uses of FRP (fiberglass reinforced parts), its disposal has become an environmental concern of epic proportions.
William Amour designed and patented a process of recycling fiberglass and its components and manufacturing products that are structurally capable of replacing concrete, steel and treated wood. Removal of these materials from our ground and waterways will put an end to the inevitable pollution through leaching, that they cause. Through years of laboratory and practical testing, the products created through the Amour process far exceeded even the most optimistic projections of performance.
Heralded by media, industry and government, the company and its founder appeared to be on their way to heights of acclaim reserved for great medical cures and Hollywood stars. Unfortunately, Mr. Amour passed away in 1999 and as the funds depleted, the company’s once bright future fell dark and silent as the facilities, inventory and favor dissipated. However, the dream was still alive in the surviving widow and son of Mr. Amour. They preserved the drawings and critical components of the process, as well as the patents, in the Amour Family Trust searching for someone tenacious enough to grapple with the tangled webs of Vendors, Landlord, shareholders (950), regulators and lawsuits that had watched the once promising future of Amour Fiber Core, Inc. appear to evaporate into worthless ‘what ifs and if onlys’.
Then, in February 2001, Kenneth McCleave, President of Affordable Fiberglass Group and American Leisure Products, chanced upon the only website for fiberglass recycling. Months of communication with Barbara Amour culminated with a merger agreement signed on September 14, 2001, between Amour Fiber Core, Inc. and American Leisure Products, Inc. From that day to the present, revitalization of Amour Fiber Core, Inc. became the focus. CAD drawings of the original/prototype plant were presented to engineers for review and suggested modifications. Legal issues were resolved, note holders were met and stockholder meetings were held all over the country to say that ‘AMOUR FIBER CORE IS ALIVE AND COMING BACK!”
The result was a renewal of the excitement that had existed when William Amour spoke about changing the world with his process and products. Many of the 950 shareholders of AMOUR were and still are blue collar workers who are passionate about the environment and believed in the Amours. Millions of dollars have been spent on Research and Development and now is the time for the payoff.
From around the world e-mail and phone calls reveal the universal problems of fiberglass disposal and the need for concrete, treated wood and steel replacement to eliminate contamination of our ground and waterways. Representatives of China, India, Thailand, Australia, Japan, Germany, Turkey, France, Canada and Egypt have all expressed a need or a concern that Amour can address. Structural products made from the recycled fiberglass can replace pilings, docks, seawalls, telephone and light poles, railroad ties and piers with longer life and no harm to the environment.
It is our belief that virtually every level of government will find value in our process and products. Through licensing agreements, AFGP will fund and grow this company. Exploration of grants, endowments and incentives from various organizations and governmental agencies will provide for on-going research and development of new uses and applications.
The original Amour Fiber Core, Inc., a Washington State corporation, was redomiciled to the State of Nevada and the name changed to American Fiber Green Products, Inc. The operating business was put into a new, wholly owned subsidiary, Amour Fiber Core, Inc., a Florida corporation.
American Leisure Products, Inc., a Florida corporation, is also a wholly owned subsidiary of American Fiber Green Products, Inc.er.com/aboutus.asp
Company website: americanfibergreenproducts.com
AFBG began trading on Friday, April 25, 2008.
Common stock, $.001 par value; 350,000,000 shares authorized; 9,249,628 shares issued and outstanding
Preferred stock, $.001 par value; 5,000,000 shares authorized; no shares issued or outstanding
Float is less than two million shares.
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