SALT LAKE CITY, July 16, 2012 (GLOBE NEWSWIRE) -- Garb Oil & Power
Corporation (USOTC:GARB) announces the signing of a consulting contract
for $36,000,000 with Hong Kong Alliance (HKA) Fund Ltd. The contract
will involve consulting on a variety of recycling areas from glass to
ferrous and non-ferrous material, to MSW, wood, paper, electronic waste
(Ewaste) and tires for the Asia Pacific Region, east of India. The
contract will start beginning of August 2012 and finish July 2013. Garb
will work with HKA to a set of deliverables that HKA will present every
month. The minimum fee agreed between Garb and HKA is $3,000,000 per
month starting from August 31, 2012 onwards. It is possible, depending
on what consulting, licenses and other know-how is transferred that a
higher fee is negotiated month to month. The contract allows for this
type of event. Garb will provide the following services at both Country
and regional level, concentrating on the growth of recycling
methodologies and processes in the Asia Pacific region:

Feasibility studies, Project analysis and review, Best suitable
approach, Project Management, General consulting on all aspects of
recycling, Solutions and best equipment, presentations, Licenses and
possible patents transfer.

President/CEO of Garb, John Rossi, states, "This is a great result for
Garb. I would like to congratulate all of our team for their effort and
contribution. This contract and the revenue it will generate will help
Garb stay current and up to date in its filing. It will further provide
internal investment possibilities for building new Ewaste plants. Our
new consulting division has provided an opening into a new market. Garb
will continue investing in this market place, while also focusing on
its prime objective of building and managing its own plants."

Please follow our website to see what is possible and what we offer
www.garbop.com

Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995. Statements contained in this document that are not
historical fact, are forward-looking statements based upon management's
current expectations. The forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those set forth in or implied by forward-looking
statements. The results anticipated by any or all of these
forward-looking statements may not occur. Garb Oil & Power Corporation
is not required to update its forward-looking statements.


CONTACT: Garb Oil & Power Corporation
         +1-801-738-1355 Office
         John Rossi President & CEO
         Email: info@garbmail.com
         Websites: www.garbop.com