| Business Summary | | Waste
Recovery,
Inc.
(WRI)
is
a
specialized
service
and
process
company
operating
in
the
environmental
services
industry.
The
Company
is
involved
in
all
aspects
of
scrap
tire
disposal
and
in
conversion
of
scrap
tires,
through
a
proprietary
process,
into
a
uniform,
high
quality,
wire-free,
tire-derived
fuel
(TDF).
At
year's
end,
the
Company
had
TDF
producing
facilities
operating
in
Portland,
Oregon;
Houston,
Texas;
Atlanta,
Georgia;
Philadelphia,
Pennsylvania;
Marseilles,
Illinois
(near
Chicago);
and
Dupo,
Illinois
(near
St.
Louis).
WRI
has
made
investments
in
facilities
and
developed
expertise
in
the
areas
of
tire
collection
and
disposal,
which
allows
it
to
serve
as
a
disposal
service
for
scrap
tire
sources
ranging
from
current
scrap
tire
generators,
such
as
tire
dealers,
to
large,
sometimes
long-abandoned,
scrap
tire
piles. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Waste
Recovery,
Inc.
is
a
specialized
service
and
process
company
operating
in
the
environmental
services
industry,
involved
in
all
aspects
of
scrap
tire
disposal
and
in
the
conversion
of
scrap
tires
into
a
tire-derived
fuel.
For
the
nine
months
ended
9/30/99,
total
revenues
fell
30%
to
$18
million.
Net
loss
fell
13%
to
$2.3
million.
Results
reflect
lower
disposal
fees
due
to
the
sale
of
U.S.
Tire,
offset
by
lower
general
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1997 Pay | |
| David Greenstein, 38 Pres,
CEO, Director | $125K | Martin Bernstein, 64 Vice
Chairman | -- | Thomas Earnshaw, 43 Vice
Chairman | 150K | Robert Thelen, 59 Exec.
VP- Engineering | -- | Mark Hope, 44 Sr.
VP of Marketing and Environmental Affairs | -- | Dollar
amounts are as of 31-Dec-1997 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|