We are a Nevada corporation, formed May 1, 2007. We are currently developing a
new business which will provide a comprehensive solution for the disposition and
recycling of scrap tires through tire re-manufacturing and carbonization of
scrap tire components. Tire re-manufacturing is a process that takes high
quality used tires, removes the old tread and sidewall markings, and then
applies new rubber to the tread and sidewall. The used casing along with the new
rubber is vulcanized under high pressure and heat to produce a new tire. This is
the same process used by new tire manufacturers except that they make the casing
(the most costly part of the tire). Carbonization is a technology that heats
tires in an oxygen free environment and turns spent tire casings into diesel
fuel, carbon black, steel, and syn-gas.
On March 14, 2012, we entered into a License Purchase Agreement (the
"Agreement") with Kouei International, Inc. ("Kouei International").