| | Business Summary | | Metal
Recovery
Technologies,
Inc.
(MRTI),
formerly
Malvy
Technology,
Inc.,
acquired
its
wholly
owned
subsidiary,
Metal
Recovery
Industries
(US),
Inc.
(MRI(US)),
in
April
1995.
MRI(US)
is
engaged
in
the
development
of
a
commercially
viable
means
of
recovering
the
zinc
coating
from
steel
scrap
through
a
dezincing
process.
Over
the
last
17
years,
the
steel
industry
has
seen
a
rapid
increase
in
the
worldwide
use
of
galvanized
(zinc-coated)
steel,
especially
in
the
automotive
and
appliance
industries.
This
increase
has
created
a
new
problem
in
the
industry,
an
ever-increasing
amount
of
galvanized
steel
scrap.
The
presence
of
zinc
in
the
steel
scrap
supply
creates
problems
in
the
melting
and
casting
of
new
steel,
and
an
environmental
issue
to
clean
or
dispose
of
zinc-laden
dusts.
Since
the
acquisition,
MRTI
has
been
involved
in
the
re-commissioning
of
the
MRI(US)
plant
in
East
Chicago,
Indiana. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Metal
Recovery
Technologies,
Inc.
is
engaged
in
the
development
of
the
first
commercially
viable
means
of
recovering
the
zinc
coating
from
steel
scrap
through
a
dezincing
process.
For
the
nine
months
ended
9/30/98,
revenues
remained
at
$0.
Net
loss
decreased
86%
to
$593
thousand.
Results
reflect
the
Company's
election
to
capitalize
all
organization
costs
during
the
developmental
stage,
and
a
reduction
in
litigation
expenses
and
general
overheads. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY1997 Pay | |
| William Morgan, 68
CEO | $105K | Roy Pearce, 37
CFO | 150K | | 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
|
|
