Our Favorite "Economic Clean Tech" Player GlyEco (GLYE) Has Had A Nice Couple Of Weeks

First they closed the $3.4M secondary round of equity financing (with warrants to buy an additional 6M shares at $1). NOW we can finally get our NBT Equities Research report out to tell this amazing story to the Street and especially to our subscribers.

What does Antifreeze Recycling, Inc.  and Renew Resources, LLC. have in common? On October 26th, they will both become official members of the GlyEco family.

More important—they like all the GLYE glycol recycling industry consolidations are accretive to the GLYE income statement NOW.

GlyEco's GLYE cornerstone acquisition just got better…a lot better. The seller (the owner/founder of major glycol recycling unit First Circle) has agreed to take $2M LESS cash—i.e. $2M in stock—to close their deal by September 30th…

Make no mistake—NOBODY from New Jersey takes LESS cash and more stock in a deal UNLESS they are 100% convinced the stock in going to worth a LOT more than the cash!

Dr. John Faessel, an independent equities research pro for whom we at NBT respect highly, has been on the GlyEco (GLYE) bandwagon since early this year. He calls GLYE a “Speculation Par Excellence”—with this equity round done we strongly believe it moves up the food chain to highly profitable emerging growth company without equal.

GlyEco, Inc. (GLYE) announced today it has completed a preliminary agreement to acquire Antifreeze Recycling, Inc. located in Tea, SD. The transaction is scheduled to close July 31, 2012.

This is the seventh preliminary acquisition agreement GlyEco has announced in 2012—with a target of 12 initial acquisitions for their first year they are AHEAD of plan…and have at least 5 more glycol recyclers in their M&A pipeline.