Important Notification

 Hushyar Singh manhas +919419737209, 9622397554

For your kind information 

you can call me at above mobile numbers to know more  about latest / current  situation and further plans of Recyclix!

NOTE:- All Recyclixers are requested to do not click on the Sell /  Recycle/Deposit/Buy Buttons till the Company's  next Notification!

We would like to inform all our partners, that we have suspended the deposit-, buying- and restart-options of our program.

The reasons for this suspension are linked to the situation and shall simplify the decision that our management will take shortly, to deal with the current situation in the best possible way.

To protect our partners from possible losses and in order to not complicate the situation further, we consider the decision to suspend the buying and restart option as necessary until we have restored our production capacity.

We would like to thank you for your understanding and patience and we would like to ask you to continue to follow and support us on our way towards a solution for the current issues.

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Recyclix Question & Answer Session

RECYCLIX® Q&A SESSION

Answering Important Questions on Current Events and Future Developments

Over the past couple of weeks, which were spent on working towards a sensible and efficient solution to the obstacles Recyclix encountered, we received an array of questions about the current events and further developments in our company via our social media and customer support services.

That is why we picked out the most frequent of them and decided to provide transparent and clear answers to those issues that are most important to you in this special Q&A session.

Question: What is currently happening with Recyclix?

Answer: Following a streak of unfortunate events that Recyclix was recently challenged with, we came across a display of mala fide behaviour and attitudes on behalf of some of our partners who decided to take advantage of the company’s unstable situation and failed to meet their obligations. All of this led to an unexpected lack of working assets and funds at Recyclix’s disposal.

Q: How is the company going to handle it and what will happen with my investment?

A: A special crisis management program that will handle provision of the corresponding compensations to the users—about which we are going to tell you more below—will be implemented in the soonest possible time.

Q: What will happen with Recyclix as soon as the crisis management program has been successfully completed?

A: In the coming days the current executive board of Recyclix as well as all customer support and all other team members will leave the company, whilst the crisis management program will be launched and carried out from start to finish by a group of professionals with relevant experience who were not associated with the company before.

Q: What was the reason for such a sudden and drastic change in the company’s functioning?

A: Regretfully, a sequence of unfavorable proceedings beyond anyone’s control that we were faced with led to a plunge in the company’s reputation, reaffirming the need for establishing a different and more pliant structure and business model.

Following these events the concept of the company was reconsidered and a new business model meant to ensure a long-standing functioning of green and renewable energy projects was masterminded. This is why it was decided that after handing the reins over to the experts in crisis management, the current executive board members will leave Recyclix for a new green project that will serve as a revenue source to solve the issue of pending withdrawals.

Q: A new project? What about it?

A: With a revised and enhanced business model, our operations will be shifted to South America. Our ultimate goal is to devise a system that constantly generates revenue without the need to attract new users as well as runs and regulates itself without jeopardizing its own integrity. Such system will be backed by a green community that is lead and managed by shareholders or members with voting rights from this very community.

More information and details about the new venture will be made public in the near future.

Q: Earlier you mentioned the crisis management program. Can you tell me more about it?

A: In the coming days the new management board of Recyclix will form a special crisis management pool and make certain changes in the company’s production workflows in order to ensure a smooth process of handling compensations for users.

Q: What exactly the crisis management program will feature?

A: The newly developed crisis management program consists of four steps.

Firstly, experts from the new executive board of Recyclix will host a public webinar sharing details about the company’s current financial activities and revealing a schedule of the oncoming compensations.

Secondly, an online crisis management center for settlement of payments will be opened. Thirdly, a thorough audit of the company’s assets and funds will be carried out. Fourthly, a special crisis management pool will be formed in order to commence the procedure of providing user compensations.

Apart from this, to make sure that this process takes place in a transparent and seamless way, additional strategically important administrative units—an internal committee of fiscal and property audit as well as a committee for establishing a crisis management pool—will be formed.

Yours sincerely,
Recyclix

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PARTICIPATION IN PRS AMSTERDAM 2017 CANCELLED

RECYCLIX® ON CANCELLATION OF ITS PARTICIPATION IN PRS AMSTERDAM 2017

On account of the unfortunate proceedings that Recyclix was recently challenged with as well as a large amount of time and effort necessary to cope with their consequences, it was decided to withdraw our entry in the Plastic Recycling Show Amsterdam 2017 on March 29th – 30th and cancel our participation in the event.

Currently the management board hold daily meetings in order to analyse the possibilities and adopt a viable solution for overcoming the obstacles that our company has lately encountered.

Apart from it, due to a massive number of incoming emails, calls, and ID verification requests as well as a variety of other administrative tasks that Recyclix is dealing with at the moment, temporary staff has been taken on to tackle these matters in a timely way.

We would like to remind you that the Recyclix team is working towards resolving the issue of pending payouts, the update on which will be published as soon as all the alternatives have been thoroughly evaluated.

Our close-knit community was founded on mutual trust, working together for the cause of making the world a cleaner and richer place, and principles of ensuring the growth of the Recyclix family worldwide. We hope for your understanding and patience, which will help us tackle the current obstacles in a more efficient way.

Be sure to stay tuned for updates, news, and other important insights into Recyclix life on Recyclix website, Facebook page or Twitter.

Yours sincerely,
Hushyar Singh
Recyclix team

RECYCLIX® ON FURTHER STRATEGY FOR DEVELOPMENT AND GROWTH

       Hushyar Singh Manhas
       +919419737209, +919622397554
       Jammu and Kashmir (INDIA)

Further to the information that was published in the previous newsletter, Recyclix would like to provide important information, details and updates on the consequences of the massive fire that hit its Brożek Recycling Plant on February 14th, 2017. 

Recyclix would like to clarify that in order to be as transparent as it has always been, additional information will be provided continuously to all those who are indirectly involved in this event. 

Investigations were immediately started by the local authorities and the involved insurance companies but the nature of the fire is still unclear, which doesn’t allow having a clear and complete picture of the situation yet.

In order to develop a professional recovery plan Recyclix Management has met an expert group, consisting of professional consultants, lawyers and qualified partners, and is happy to inform that it resulted into an action plan that will guarantee to overcome this particular and temporary crisis.

Big investors, who have shown interest in supporting Recyclix’s business during the meetings, confirmed their willingness to invest into an industrial investment fund that has the aim to finance all necessary actions to overcome the difficulties Recyclix is currently facing. 

The fund will be monitored and supervised through the banking authority that way securing the investments and guaranteeing to benefit from safe profits. It will be also promoted worldwide by the institutional and financial services like Bloomberg and etc., to attract investors from all over the world. 

Technical procedures will be completed in March; this is why detailed information cannot yet be published. Though subscriptions will be operational this month already, to collect a significant amount of capital used to purchase new raw material and equipment in order to fully restore the production capacity of the facilities that are already operative and of those under construction or in a phase of acquisition.

This strategy is necessary to normalize the activity and to restore the investment by the end of June. The availability of waste throughout the European Community and beyond is already being examined. The waste to be bought is for further selling through the recyclix.com website alike it has been before. 

Every investor can benefit from the newly proposed investment fund through procedures that will be announced shortly, that way creating the opportunity to help Recyclix recover from the fire but at the same time safeguarding his investment. 

Recyclix is currently working on a solution of offering its users an option to convert the temporarily suspended waste packages into shares of the above-mentioned fund.

The application for the registration and activation of the fund has been already submitted and is now to be authorized by the respective banking authority; the update will follow immediately once the approval has been given.

We would like to encourage the entire supportive Recyclix community to work together to fully restore the business activities as soon as possible.

Despite of what happened; Recyclix management is determined to move forward to solve all the current issues in an efficient and rapid way. We are convinced that with your understanding and support Recyclix will be back on the stage of the big European Recycling companies very soon.

Production Decline

RECYCLIX® ON TEMPORARY DECLINE IN PRODUCTION CAPACITY

www.kontakt24.tvn24.pl

One of the major fires for the past few years in Poland broke out in Brożku landfills last week, February 14th, affecting the Zielona Gora Recyclix facility in Poland along with the storehouse and the waste that was kept there. 17 fire units were working on the site while the fire covered 1.5 hectares of land without leaving anything aside.

Recyclix is a manufacturing business that is strongly dependent on the capacity of the raw material, namely the waste for further recycling and pellets production. The massive fire that has arisen in Brożku landfills not only affected the facility and the equipment line, but furthermost destroyed a significant amount of waste intended for recycling. Fortunately, the facility and the warehouse were insured and the insurance company is now further evaluating the fire case in order to comply with all the procedures.

www.polsatnews.pl

Recyclix representatives have visited the facility and already estimated the primary loss, stating that the waste capacity has significantly decreased at the moment. Due to the sufficient loss of waste and damage to the equipment, Recyclix is forced to use all its resources to recover from the fire without stopping the further manufacture. The current situation led to certain difficulties in maintaining the balance between the waste volume being in recycling and the real waste capacity.

In order to continue and be able to proceed with the recycling, revenue payments and further manufacture, Recyclix was forced to adhere to the recovery plan, that way restoring the previous capacity and getting back on the track. It is expected to regain the former balance by June, 2017.

Albeit the risks that come along with the manufacturing business and affect all the involved members, Recyclix would like to point out that the actions taken should be perceived as non-other but a Force Majeure inevitable recovery plan to execute the further operation as smooth as possible. Therefore, all Recyclix website users, who deposited before the fire on February 14th, 2017, will be divided into following categories:

Note: -
1) Users who are in profit and with less than 33.3% revenue share

2) Users with 33,3% revenue share and in profit

3) Users with less than 33.3% revenue share or not yet in profit

Each group will be assigned a certain % of the waste quota decrease to balance the current waste capacity and operate smoothly during the recovery period, expected till June,  2017.

www.gazetalubuska.pl

Since Recyclix has proved itself as a strong, reliable and fair partner in the past few years, we dare to hope that users stay loyal and share the risks of the recycling business, accepting the offered recovery option.

www.gazetalubuska.pl

Recyclix has experienced a big amount of payout requests over the last month and has implemented certain restrictions in order to process the queue as fast as possible, but there are still payments pending. We would like to apologize for any inconvenience or frustration this caused you and reaffirm that Recyclix payment department has worked hard to resolve the issue and is almost back to the usual operating mode, despite the above mentioned situation.

However, please note that as required by the banking institutions compliance procedures, in order to process wire payments, Recyclix is obliged to confirm every user’s ID and Recyclix-registered address. To receive the wire payment, the ID and address verification documents (ID, utility bill, bank statement, postal ID etc.) have to be uploaded into the system. This is a one-time procedure intended only for internal use of Recyclix. All document verifications are processed manually and might take up to 3-5 business days.

www.gazetalubuska.pl

Considering the situation, Recyclix is likely to revise and extend the deadline for the new registrations and waste-buying option through its current Online-Recycling-Platform that was previously set to October 2017. Recyclix expects that to be revised and announced by June, 2017, after the recovery period termination.

We would appreciate if, considering the circumstances, you would stay patient and loyal. We apologize again for the delay and thank you for your time. We have been happy with our business relationship and trust this incident will not jeopardize our future dealings.

More details on the fire in Brożku landfills can be found in the local polish mass media.