JCF Funding, LLC
"Happy New Year"
This is going to be a great year, 2013 has a lot to offer in the way of investments,
Our goals for 2013 are to Incorporate JCF Funding and go public.
November 22, 2013
Gordon Jenkins has been working with Francis Kreais who is the founder and CEO of JCF Funding-who has been the front man for Arco Hills Silica Company making the deal work.
Gordon Jenkins is the president of Arco Hills Silica Company. This company owns some very large and very pure silica located in Butte County, Idaho. (About 20 Billion tons) When we heard of the bankruptcy auction of Hoku, we became extremely interested in acquiring that polysilicon plant because it fits in so well with what we are trying to do with our silica mine located near Arco Idaho.
We plan to purchase the entire plant at this upcoming auction because it would make it possible for us to go into operation without having to build our own processing plant.
We also would benefit the local community because we would not only bring back the some 160 jobs related to the shutting down of the Hoku plant, but at least another 500 to 1000 jobs related to the development of our silica mine and related to the companies that are willing to move their plants out here to Idaho just so they can decrease the transportation costs of hauling the silica back to where they are already located.
“Making You Money is Our Business”
FOR IMMEDIATE RELEASE August 7, 2013
How Much Risk is JCF and Arco Hills Willing to Take?
The first question to ask yourself when you decide to start a business is, what business should I start? Or, better yet, who can we get to run it and make it profitable? JCF Funding and Arco Hills Silica Company started their industry research just over a year ago, asking themselves which businesses are least likely to succeed in the U.S. economy today, and which are the most likely to succeed?
Gordon Jenkins is the owner of Arco Hills Silica Company (AHSCO). It was formed to mine and develop the 16+ billion tons of Kinnikinic Quartzite, composed of over 99% pure silica (Si02), which AHSCO Trust has under its control. The AHSCO Trust, an Idaho Trust, is the recorded owner of 115 unpatented mining claims located on 2,220 acres of Bureau of Land Management (BLM) land. Mr. Jenkins, the Trustee of AHSCO Trust, is the President and CEO of Arco Hills Silica Company that was formed in 2006 and which was granted the exclusive right to develop and mine these claims from the AHSCO Trust.
Gordon Jenkins of Arco Hills and Francis Kreais of JCF Funding have been researching options to start up a silica processing plant when it was discovered by Larry Krigbaum, JCF’s head of Research and Development that the Hoku plant in Pocatello, Idaho was in the process of filing Chapter 7 bankruptcy. Mr. Krigbaum started his investigation into the Hoku Plant and contacted Ed Church former plant manager of Hoku as part of his due diligence into the facility and its operations. Mr. Krigbaum interviewed Ed Church and found out that he was still available but only for a short time. He informed JCF’s owner Francis Kreais, that he had struck “pay dirt”- a gift from God Himself, in the availability of Mr. Church and the Hoku plant. JCF and Arco Hills realize the value of the plant, not only for the various minerals such as silica to create more efficiency in many products that are part of our daily lives but for the community of Pocatello. The world continues to look for answers to solve the numerous problems created by modern growth and the need for technology advancements to compete in a world economy, and we believe Hoku is a part of the solution.
Mr. Jenkins said that many companies seeking very pure silica are turning to India or Brazil for the source of their raw materials - AHSCO has secured the rights to what expert geologist believes are the largest deposits of high purity metallurgical quality quartz silica in North America, if not the world.
As we all know Tianwei-Hoku is now bankrupt and JH Kelly has had to meet the challenges of meeting financial obligations with past contractors and has made personal sacrifices during this difficult time to do so. JCF and Arco Hills have much respect for JH Kelly efforts to meet these obligations to the past valued employees and vendors.
JH Kelly stated that business was done with a handshake and we at JCF and Arco remember those days well, where a personal commitment and a shake of the hand meant you could trust the other party to deliver what they had promised. And if they couldn’t, they made it right for those who had faith in them. JCF stands for “Jesus Christ First” and our tenant is that business must employ the same moral values that all Christians share. We at JCF and Arco Hill accept the implied responsibility to the town of Pocatello and will uphold our promises and guarantees. We have a sense of moral commitment and obligation to Ed Church and to his town. That’s how we do business and always will. We have accepted Ed’s trust and now take on the trust and responsibility that the town has placed in us. We understand that in times like this it is difficult for people to conceive that we are committed to this project because of all the negativity surrounding a project of this nature – but we are committed to it and to the people of Pocatello.
JCF and Arco are not Tianwei-Hoku, we have asked for your support and faith only, at this time. Our goal is in creating new jobs and sustainable careers for this community. In just 3 short years we at “Pocatello Silica” will be best in class.
Hoku Materials, a subsidiary of Hoku Corporation
Now in Chapter 7 Bankruptcy.
On Wednesday July 24,2013 JCF Funding, LLC had submitted a verbal offer to purchase the abandoned plant to Gary Rainsdon who is the Chapter 7 Bankruptcy Trustee for Hoku Materials, Inc.
On Tuesday the 30th of July, the estate attorney Jason Naess and Gary Rainsdon reviewed the verbal offer made by JCF Funding with Francis W Kreais III the founder and CEO of JCF.
If our offer is approved by the Bankruptcy Court
The New - Pocatello Silica Company
Pocatello, Idaho (August 1, 2013)
JCF Funding, LLC a leading provider of Financial Consulting, Research and development, and of Managing operations for companies and individuals, today announced that they have plans in opening a new office in Pocatello, Idaho. JCF believes it has the full support of the Mayor of Pocatello Brian Blad and John Regetz of the Bannock County Development Office.
JCF Funding and others are trying to prevent the liquidation of the plant that would be sold off for scrape. The former Plant Manager Ed Church along with seven other employees who spent several months trying to figure out a plan to save the plant are now working with JCF, the Mayor Brian Blad and other engineers to go over the successful reopening of the plant if our offer is accepted by the Bankruptcy Court.
JCF Funding has been working with AHSCO Trust and Arco Hills Silica Company for over a year now and are gearing up to employ some 200 people in the greater Pocatello area later this year and has plans for an additional 1,500 new job opportunities for the surrounding area over the next 2 to 3 years due to the plants reopening.. The president of Arco Hills Silica Company, Gordon W. Jenkins and Founder & CEO of JCF Funding Francis W Kreais III along with the help from Ed Church former Plant Manager and JCF's head of research and development Larry Krigbaum have plans to redevelop the operations in the town of Pocatello.
Larry Krigbaum has played a key role in all of this; it was Larry that brought this opportunity to JCF's attention just two days after the Bankruptcy was filed, His first course of action was contacting the former Plant Manager Ed Church.
The opening of JCF Funding's new office in Pocatello is expected to help generate sales of $367.8 M dollars with Arco Hills in the first 18 - 24 months after opening, Arco Hills president Gordon W. Jenkins along with 5 other companies are relocating towards Pocatello, this is an important step towards realizing our plan' to bring in new jobs and opportunities for growth and prosperity for the community.
If our offer is approved, we have plans to upgrade the Reactor Building to support 15 new Generation 5 CVD Reactors, These reactors will produce approx. 700 metric tons per year for us, in addition a Finishing Building for our Lab, Polysilicon processing, Etching, Pullers to grow our seed product and shipping area.
JCF and Arco Hills knows that three quarters of China's solar-grade polysilicon producers face closure as Beijing looks to overhaul a bloated and inefficient industry, resulting in fewer but better companies and JCF plans to compete against Germany's Wacker Chemie AG and South Korea's OCI Co Ltd.. JCF Funding and Arco Hills Silica Company believes that with the help of the former Plant Manager Ed Church we can compet in this market.
Demand for solar panels has eased since the global financial crisis, forcing governments worldwide to slash solar power subsidies, and leaving China sitting on idle capacity and mounting losses we have seen first hand as the Hoku plant sits in bankruptcy. , JCF and Arco Hills will accelerate the much needed technological upgrades at the plant in polysilicon to weed out the inefficient producers.
The plants core team was hand-picked by Ed Church, whose names will be released at a later date.
The Plant updates that will be needed are; New Rail Spur- and a Bridge at the west end of the plant; We will need help from the city with the end location, also we will be putting in a MG Silicon grinding operation-still working on Building design, estimated The Tank Farm - Holds all of the chemicals is 90% completed and last the Control Room that is in place needs the wiring of the control systems through the plant will need to be completed.
We would like to thank the Mayor of Pocatello Brian Blad and John Regetz of the Bannock County Development Office for all their support, and also thanks to Ed Church for all his input on how to save the plant from being dismantled and sold for scrap. JCF Funding and Arco Hills is looking forward to a long and lasting relationship with the town of Pocatello and its community for many years to come.