InfoSpi Inc. (ISPI.OB) to Finalize Lease Negotiations
InfoSpi Inc. recently announced that it is currently working towards finalizing negotiations to lease a 40,000 square feet warehouse with railroad access in Pompano Beach, Florida. The warehouse will be used to install InfoSpi's first Tire to Oil (T2O) facility – a milestone in the development of the project. Chris Hamilton, CEO of InfoSpi, commented, "Our ability to convert over 1,000,000 -used tires in each of our facilities into much needed re-useable commodities is exciting.” The facility will be capable of processing 30 tons of used tires per day, recovering oil, carbon black and high-grade steel. The company plans to…