9 April 1998: US-based Eftek Corp., a public company through its wholly owned subsidiary CFC, Inc., announced that the two largest end users of its successful “GlassFlour” product had agreed to commit…
9 April 1998: US-based Eftek Corp., a public company through its wholly owned subsidiary CFC, Inc., announced that the two largest end users of its successful “GlassFlour” product had agreed to commit to purchase substantial minimum tonnage at additional locations throughout the country. The company, subject to financing, zoning and other necessary criteria, intends to build at least an additional three plants, one of which is intended to be located in California. If and when the California plant is built and put into operation, the company said these end users have committed to purchase at least 80,000 tons per year at substantial volume related prices subject to continued quality and timely deliveries. The company said it is actively seeking proper financing for the building of these plants, and that once financing has been obtained, it estimates a period of at least eight months before operations could commence for each plant. The company said that CFC, Inc.“s “GlassFlour” product is the result of its patent pending production process of removing and cleaning substantially all outside contaminants from commingled mixed cullet (bottle glass of mixed colours) that usually otherwise ends up as an unused and unrecyclable solid waste for landfill disposal. “The obtaining of these commitments is a necessary and important first step towards the obtaining of financing to expand our proven glass flour plants throughout the country,” said Frank Whitmore, President of Eftek and CFC, Inc.