GlyEco Enters the Jacksonville and Miami Markets to Expand its Brand and Grow its Retail Automotive Footprint

PHOENIX, AZ / ACCESSWIRE / December 3, 2015 / A leader in sustainable glycol technologies, GlyEco, Inc. (“GlyEco” or the “Company”) (OTC: GLYE), announced today that the Company has entered and begun direct delivering quality, sustainable glycol into the Jacksonville and Miami markets.

Executive Vice President of Sales, Todd Smith commented, “We continue to witness growth in Florida and our expansion into the Jacksonville and Miami markets are driven by our leadership, customer service, and product quality.” Smith added, “We believe Florida will continue to see double digit growth for some time while we expand and create our waste pick-up and delivery routes. Also, our profitability in Florida will continue to increase to the levels we expect, which are between 15% – 25% over the next few quarters.”

Start a Project with GlyEco! Contact Todd Smith, Executive Vice President, at 866-960-1539 ext. 704.

GlyEco is also interested in accepting hard or impossible to dispose ethylene and polyethylene glycol waste. “We partner with companies who take seriously sustainable glycol waste streams.”

Interim Chief Executive Officer, David Ide, stated “We will continue to advance into markets where we see fragmentation and where our national retail customers already exist to ensure limited to zero latency between expanding our reach and servicing businesses we already enjoy a relationship with.” Ide continued, “Our quick to partner technology platform allows us to calculate the value of our expansion prior to setting hard assets in motion, and we believe this will continue in other locations outside of the Florida market as we have communicated recently in Georgia, North Carolina, and through are partnerships into the Northeast.”

Jacksonville is the largest city by population in the State of Florida, and the largest city by area in the contiguous United States. With an estimated population of 853,382 in 2014, it is the most populous city proper in Florida and the Southeast, and the 12th most populous in the United States. Jacksonville is the principal city in the Jacksonville metropolitan area, with a population of 1,345,596 in 2010. To learn more about Jacksonville, please visit the City of Jacksonville website. Miami. The 44th-most populated city proper in the United States, with a population of 417,650, it is the principal, central, and most populous city of the Miami metropolitan area, and the most populous metropolis in the Southeastern United States after Washington, D.C. According to the U.S. Census Bureau, Miami’s metro area is the eighth-most populous and fourth-largest urban area in the United States, with a population of around 5.5 million. For more information on Miami please visit Starting a business in Miami!

About GlyEco, Inc.

GlyEco collects and recycles waste glycol streams into reusable glycol products that are sold to third party customers in the automotive and industrial end-markets in the United States. Our proprietary and patented technology allows us to recycle all five major types of waste glycol into high-quality products usable in any glycol application. We are dedicated to being the standard in the glycol industry by providing the highest-quality products, services, and technology possible to our customers.

For further information, please visit: http://www.glyeco.com.

To partner or to start a project with us, please visit: Start a Project with GlyEco!

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the words “believe,” “anticipate,” “expect,” “intend,” “estimate,” and similar expressions. All statements in this document regarding the future outlook related to GlyEco, Inc. are forward-looking statements. Such statements are based on the current expectations, beliefs, estimates and projections of management and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements including the risk that the future data will not be as favorable as the initial results. Additional uncertainties and risks are described in our most recent Annual Report on Form 10-K. For a more detailed discussion of factors that affect GlyEco’s operations, please refer our filings with the Securities and Exchange Commission (“SEC”). Copies of these filings are available through the SEC website at http://www.sec.gov. All forward-looking statements are based upon information available to us on the date hereof, and GlyEco undertakes no obligation to update this forward-looking information.

Contact:

GlyEco, Inc.
Dwight Mamanteo
Non-Executive Chairman
dwight@glyeco.com
866-960-1539 ext. 703

SOURCE: GlyEco, Inc.

ReleaseID: 434339