Free Flow, Inc. Receives Letter of Intent For Contract Valued at Over Twelve Million Dollars
KING GEORGE, Va., March 04, 2019 (GLOBE NEWSWIRE) -- Free Flow, Inc. (OTCPK: FFLO) announces that its subsidiary Motors & Metals, Inc. received a “Letter-of- Intent” for a contract valued at over twelve million dollars ($12,000,000). The terms call for the purchases for metal that include
“We are pleased to be selected for this size of contract,” stated Free Flow CEO Sabir Saleem.
As part of Free Flow’s 2019 initiatives, the Company plans to expand its existing auto crushing operation to include shredding which will be located on its By shredding into relatively small pieces, the steel can easily be separated out magnetically. The non-ferrous waste stream requires other techniques to sort.
According to research conducted by the , recycling scrap metals can be quite beneficial to the environment. Using recycled scrap metal in place of virgin iron ore can yield the following:
- 75% savings in energy.
- 90% savings in raw materials used.
- 86% reduction in air pollution.
- 40% reduction in water use.
- 76% reduction in water pollution.
- 97% reduction in mining wastes.
Every ton of new steel made from scrap steel saves:
- 1,115 kg of iron ore.
- 625 kg of coal.
- 53 kg of limestone.
Energy savings from other metals include:
- Aluminum savings of 95% energy.
- Copper savings of 85% energy.
- Lead savings of 65% energy.
- Zinc savings of 60% energy.
The metal recycling industry encompasses a wide range of metals, with the most frequently recycled metals being scrap steel, iron (ISS), lead, aluminum, copper, stainless steel and zinc., The two main categorize of metals, ferrous and non-ferrous contain iron (ferrous) and without iron (non-ferrous). Ferrous metals contain an appreciable percentage of , and with the addition of carbon and other substances create , a ferrous metal, being one of the .
Actively, for more than 150 years, the steel industry recycles, in large part because it is economically advantageous to do so. Recycling steel cost less than to mine iron ore and manipulate it through the production process to form new steel. Steel does not lose any of its inherent during the recycling process, and drastically reduces energy and material requirements compared with refinement from iron ore. The energy saved by recycling reduces the annual energy consumption of the industry by about 75%, which is enough to power eighteen million homes for one year.
About Free Flow, Inc.
Free Flow, Inc. (OTCMARKETS:FFLO), a publicly traded company, headquartered in the King George, VA, USA, operates its used auto parts and metal recycling businesses through its two wholly-owned subsidiaries, Motors & Metals, Inc. and Accurate Auto Parts, Inc.
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Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable securities laws relating to statements regarding the Company's business, products and future of the Company’s business, its product offerings and plans for sales and marketing. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company's products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend, to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.
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