| Business Summary | | Victor
Industries,
Inc.
is
engaged
in
the
sales
and
distribution
of
zeolite.
Zeolite
is
an
ammonia
absorbent,
air
purifier
and
hazardous
waste
absorbent.
Zeolites
have
the
distinction
of
being
nature's
only
negatively
charged
mineral.
The
angstrom-sized
micropore
structure
of
zeolites
and
ion
exchange
capacity
allow
zeolites
to
act
as
molecular
sieves,
which
make
them
useful
for
metal
and
toxic
chemical
absorbents,
water
softeners,
gas
adsorbents,
radiation
absorbents,
soil
and
fertilizer
amendments.
The
Company
contracts
with
independent
contractors
to
mine
and
transport
zeolite
from
properties
the
contractors
own
or
lease
to
a
contract
milling
and
packaging
facility.
Victor
then
markets
the
packaged
and
bulk
ordered
zeolite
through
distributors
and
under
distributor's
private
labels.
This
structure
eliminates
the
need
for
the
Company
to
own
any
equipment
or
properties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Victor
Industries,
Inc.
is
in
the
business
of
producing
and
selling
the
mineral
Zeolite,
used
to
replace
phosphates
in
laundry
detergent,
treat
mine
waste,
for
radiation
clean
up,
dairies,
pig
farms,
sewage
systems,
soil
amendments
and
other
applications.
For
the
six
months
ended
6/30/01,
revenue
fell
from
$2
thousand
to
$0.
Net
loss
fell
75%
to
$19
thousand.
Results
reflect
the
absence
of
zeolite
sales,
offset
by
lower
selling
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Costa Xistris, 61 | Pres,
Director | Penny Sperry, 47 | Treasurer,
Director | David Boulter, 60 | Sec.,
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|