“We offer a new industry at a time that many state and local municipalities are crying out for new jobs and are offering creative and valuable incentives for their creation. Politically, we offer an environmental solution that deserves and should receive bipartisan support. Environmentally, we have a viable solution for alternatives to pressure treated lumber, concrete and steel used in our water for seawalls, pilings, docks, piers and posts. We are a landfill solution. Land mass is lost when fiberglass is disposed of within a landfill. Fiberglass does not deteriorate for 400 years! Many landfills are no longer accepting this waste material. We will provide the solution to our shareholders benefit.” — Kenneth McCleave, Chairman
Current and Prospective Shareholders
In creating American Fiber Green Products, Inc. we have contacted many of the existing shareholders of Amour Fiber Core, Inc. and Amour Hydro Press, Inc. Unfortunately, we have not been able to contact all of them. If you or anyone you know has up to date information, we would like to update our records. Please contact us so that we can update our official records.
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Where We Have Been, Where We are Going
In 1999, William Amour, the founder and inventor of the Amour patented process of fiberglass recycling passed away. The subsequent three years found the company without funding, without direction and substantially indebted to individual investors, vendors, the landlord and employees. Over 900 stockholders were left to ponder the fate of their investment, but more importantly to wonder if this much needed answer to the critical issue of fiberglass recycling was going to be abandoned and lost. Many of the initial shareholders in this non-trading public company were personal friends and family of the Amours and the employees of the company. All were fascinated with the unlimited potential for this process to have a worldwide impact on the environment, whether by removing fiberglass from landfills or the use of products made from the recycled fiberglass to replace treated wood, concrete and steel.
Floundering until a chance meeting in 2001, the company and Barbara Amour entered into a merger agreement with American Leisure Products and Kenneth McCleave. Both McCleave and Ms. Amour recognized the significance of this process being brought back into public awareness as well as the substantial financial opportunity for its shareholders. From September 2001 to the present, significant resources of time and money have been expended to bring the company back into position to apply for trading. Negotiations with note holders and vendors, investigations and verification of drawings and plans, enduring and winning legal battles on several fronts, dealing with environmental concerns and personally meeting with hundreds of existing shareholders from Anchorage to Columbus, Seattle, Missoula, Tampa and Las Vegas have been met with success at every turn.
The original public entity, Amour Fiber Core, Inc. was redomiciled from Washington State to Nevada and the name was changed to American Fiber Green Products, Inc. (AFGP) to operate as the public holding company. Simultaneously, a new subsidiary corporation was formed from which to operate the fiberglass recycling business. American Leisure Products, Inc. was established as the second subsidiary to design, build, market fiberglass boats and vintage cars (whether for sale or rental).
American Fiber Green Products, Inc. (OTC:BB: AFBG) was approved for public trading in mid December 2007. This was the culmination of a six-year quest to revitalize Amour Fiber Core, Inc. a Washington corporation, which had ceased operation in 1999 after the cancer death of its president and founder, William Amour. Mr. Amour had created quite a stir with his ‘patent within a patent’ for a process and a processor that allowed finished fiberglass products, fiberglass production tailings and resins to be fully reduced and recycled into a variety of finished goods that were equal or superior in quality to their counterparts manufactured from steel, concrete or pressure treated lumber. The two specific gains are:
- turning landfill waste to commercially viable products while conserving land mass; and
- removing the source of potential environmental contamination by replacing rusting steel, leaching concrete and arsenic and creosote impregnated wood from earth and water or from the air in cases where burning has been an acceptable means of disposal.
Products created during the R&D of the mid to late nineties included seawalls, railroad ties, parking lot stops, picnic tables and park benches. Landscaping timbers and pavers are also commercially viable, while structural and non structural lumber offer an unlimited potential alternative to the fragile/brittle decking and siding lumber created from reconstituted plastics. Providing the structure to which these materials must be secured presents a viable solution and interaction that makes partners of potential competitors. The products that have been developed are in high demand in private, municipal and utility applications.
Ever increasing, worldwide concern for the contamination of land, air and water have caused legislation to be enacted which creates the perfect political and economic environment for American Fiber Green Products to enter the market. Private and Institutional investors should be intrigued and enticed to participate in this opportunity especially entering at this ground floor level. Opportunities to create awareness and acceptance of AFBG are many. Among them:
- job creation initiatives spurred by the recycling opportunities;
- private/public partnerships with local, state and Federal governments for recycling; and
- instruments such as grants, endowments and Industrial revenue bonds to facilitate the opportunities.
These efforts solve the problems associated with the abundant, intrusive, and nuisance material going into landfills; and reduces the corrosive and destructive contaminants that find their ways into the water and ground.
Whom should be our clients?
Every manufacturer of fiberglass products, large or small, must dispose of scrap, trimmings and tailings. This becomes our inventory.
Every user and producer of resins must dispose of outdated, seasonal, off specification product. This is part of our inventory.
Whom is the target market for the AFBG finished goods?
All municipalities should be encouraged to buy recycled products. Bus benches, parking stops, parking posts, picnic tables, park benches, landscaping timbers, and hundreds of other public applications can be more economical and environmentally friendly than traditional products. Marinas, piers, docks and decking from recycled fiberglass can replace concrete, steel and pressure treated lumber in these critical environmental applications. Thousands of picnic tables and benches are replaced in our local, state and national parks each year. Extremes of heat and cold in northern states cause expansion and contraction of concrete tables causing cracking and ‘blooming’. Wooden tables deteriorate quickly while some are used for firewood by campers. Recycled fiberglass replacement will last longer (up to 400 years estimated landfill life) because it is affected by neither micro-organisms nor extremes of weather. With UV and fire retardant treatment, our products can be expected to out perform all competition.
The Company has been in discussions with some of the largest fiberglass manufacturers and producers in the United States with great progress. In addition, we have been contacted to consider recycling opportunities in Australia, China and Europe. Worldwide, scrapped fiberglass has become a major problem with no entity able to meet the need.
The lagging economy has caused the Company to minimize marketing efforts for American Leisure Products. However, the time has been used to continue to make design modifications and improvements to the tooling. Additionally, management has reviewed and continues to explore alternative power sources for its vintage replicars in continuation of the Company’s ‘green’ theme.
The core management team of AFBG includes several executives with successful backgrounds in the fiberglass manufacturing industry and experience with startup operations:
- Daniel Hefner, 60, is President and CEO. His experience includes 25 years of management of early stage development companies. Dan’s ability to oversee everyday operations and define strategies necessary to stay competitive in the marketplace has been the cornerstone to his success throughout his career. Dan brings the core knowledge of the industry and the marketing skills necessary to successfully introduce AFBG into this currently untapped marketplace and provide the direction for continued growth and success.
- Kenneth McCleave, 59, is AFBG’s Chairman of the Board . Ken has vast experience in the field of fiberglass manufacturing and is responsible for the management of all operations. Ken’s experience with labor and resource management will be instrumental in AFBG fulfilling its full potential. Ken’s additional responsibility is to examine and develop new manufacturing concepts that will prove to streamline AFBG operations, making it possible to operate with full ease and efficiency which is especially important in attracting potential licensees, a potential major revenue source for AFBG.
- Frank D. Puissegur is Chief Financial Officer. Frank is a certified public account. He is the past chairman of the Florida Board of Accountancy.