| Business Summary | | Solucorp
Industries
Ltd.
is
focused
on
the
development,
sales
and
marketing
of
technologies
and
services
as
solutions
to
problems
within
the
environmental
industry
marketplace.
The
Company
has
developed
and
patented
the
Molecular
Bonding
System
(MBS)
for
the
remediation
of
soils
and
industrial
wastes
that
are
contaminated
by
hazardous
metals.
MBS
is
capable
of
remediating
hazardous
metals
in
soils,
ash,
slag,
sludge
and
smelter
waste,
having
successfully
met
the
stringent
testing
criteria
of
the
United
States
Environmental
Protection
Agency's
Superfund
Innovative
Technology
Evaluation
Program.
The
Company
also
markets,
under
license,
a
product
named
MuckMix,
which
is
proven
to
stabilize
and
solidify
organic
contaminated
oily
wastes,
such
as
are
found
on
petrochemical
industry
sites.
In
addition,
the
Company
continues
to
market
Mercon,
a
line
of
mercury
vapor
suppressant
products
that
are
used
to
clean-up
mercury
spills
and
to
suppress
the
deadly
vapors
associated
with
them. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Solucorp.
Industries
Ltd.
develops
and
markets
solutions
for
the
remediation
of
hazardous
heavy
metal
and
mercury
spills.
The
Company
also
operates
an
environmental
training
and
consulting
business.
For
the
nine
months
ended
9/30/99,
revenues
rose
59%
to
$2.2
million.
Net
loss
fell
77%
to
$581
thousand.
Revenues
reflect
increased
remediation
activity,
as
projects
began
their
on-site
start-ups.
Lower
losses
also
reflect
increased
investment
income
and
lower
S/G/A
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| Peter Mantia, 51 Pres | $110K | Bernadette Anderton, 47 Director,
Sec. | -- | Arle Pierro, 50 Sr.
Vice-Pres, "Founder" | -- | James Spartz, 46 Sr.
VP and Director | -- | David Porteous, 54 Sr.
VP of Corp. Marketing | -- | Dollar amounts are as of 31-Dec-1998 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
|
|