TAMPA, FL / ACCESSWIRE / June 1, 2015 / American Fiber Green Products, Inc. (OTC Pink: AFBG) (PINKSHEETS: AFBG) today released first quarter financial results.
"We are extremely pleased with AFBG first quarter results. AFBG's same quarter revenue increased from $164K to $275K or 67% in 2015. The result of this increase was $150K net profit or almost $.01 per share earnings. These results reflect a significant improvement in operations," stated McCleave.
AFBG Chairman Kenneth stated today that the improved results of AFBG's first quarter were overshadowed last week by the announcement that a long-term contract had been signed between AFBG and Owens Corning (NYSE: OC) to build a plant near Amarillo, Texas to turn waste fiber-related materials into useful marketable products.
McCleave continued, "AFBG will have several significant announcements over the next few weeks. We are pleased that we have generated significant interest through our recent release and expect that trend to continue."
About American Fiber Green Products:
American Fiber Green Products, Inc. trades Over the Counter under the symbol AFBG. The company currently maintains a website at www.americanfibergreenproducts.com.
AFBG has a Strategic Partner in American Commerce Solutions, Inc. which also trades Over the Counter under the symbol, AACS. The management of AACS has experience in machining and welding, as well as fabrication services and will be instrumental in the fabrication and procurement of the Amarillo equipment. The Company maintains a website at www.aacssymbol.com.
Under the Safe Harbor rules consider the following: Any portion of this presentation that is not historical in nature is subject to change due to any number of factors that are not under the control of the Company or its officers. As such, anyone reading this presentation should consider the possibility that material differences from the information presented may occur and should be verified before any consideration to invest.
CONTACT:
Dan Hefner
AFBG
813-244-9843
danshirlh@msn.com
Chuck Hartlage
Owens Corning
419-248-5395
chuck.hartlage@owenscorning.com
SOURCE: American Fiber Green Products, Inc.
