FORT MYERS, FL / ACCESSWIRE / November 30, 2015 / American Metals Recovery & Recycling Inc., (OTC: AMRR) today announced it has completed the negotiations to acquire All Scrap LLC, a premier metals recycler in South West Florida.
"We have been reviewing several potential acquisitions in southern Florida and I am pleased to make this announcement," states Gordon Muir CEO of American Metals. All Scrap LLC is situated in Fort Myers Florida, in Lee County, with more than 1.2 million people according the Census Bureau and in the top 10 in North America for the fastest growing Metro areas. All Scrap has grown to become one of the premier metals recycling centers in the area, states Mr. Muir and we are excited about the additional acquisitions within arm's reach of and in Fort Myers.
About All Scrap LLC: All Scrap currently specializes in ferrous, non-ferrous materials and E-Scrap, with has the potential to handle additional commodities such as paper, cardboard and plastic. With more than 10 acres and two yards All Scrap has averaged more than 10 million in annual sales from 2011 - 2014. All Scrap has been family owned for more than 25 years and with a premier management team already in place there is potential to have significant growth over the next 2-5 years as the metals markets increase.
About American Metals Recovery & Recycling: We are a dedicated team of professionals in the metals recycling industry. Our goal is to provide new innovations to an exciting industry translating to excellent growth and share value to our shareholders with a proven acquisition strategy to build a solid and diversified corporation. We are visionaries, not followers and the future of our planet is our priority.
The Private Securities Litigation Reform Act of 1995 (the Act) provides a safe harbor for forward-looking statements made by or on behalf of the Company. Statements in this news release, which relate to other than strictly historical facts, such as statements about the Company's plans and strategies, expectations for future financial performance, new and existing products and technologies, anticipated clinical and regulatory pathways, and markets for the Company's products are forward-looking statements within the meaning of the Act. The words "believe," "expect," "anticipate," "estimate," "project," and similar expressions identify forward-looking statements that speak only as of the date hereof. Investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from historical or anticipated results due to many factors including, but not limited to, the Company's continuing operating losses, uncertainty of market acceptance of its products, reliance on third party manufacturers, accumulated deficit, future capital needs, uncertainty of capital funding, dependence on limited product line and distribution channels, competition, limited marketing and manufacturing experience, risks of development of new products, regulatory risks and other risks detailed in the Company's most recent Annual Report on Form 10-K and other Securities and Exchange Commission filings. The Company undertakes no obligation to publicly update or revise any forward-looking statements.
Contact:
American Metals Recovery & Recycling
www.ammrr.com
Gordon Muir CEO
gmuir@ammrr.com
SOURCE: American Metals Recovery & Recycling Inc.
