Something about the name grabbed my attention so I did a little digging this evening. This is what I've come up with in the past hour or so.
Most of the company's revenues come from recycling cathode ray tubes (CRTs) in televisions. It obtains CRT waste glass from Hitachi, Toshiba, and other TV makers, and then sells the recycled glass back to them as raw materials after cleaning and separation. The company also color coats glass substrates for use in plasters, tiles, grouts, flooring, and other construction materials. Its plants are in St. Augustine, Florida, and Dunkirk, New York. Subsidiary APT uses a proprietary process to color decorative particles.
Fiscal Year End: June
Sales Year: 1997
Sales: 1.4 (millions)
Sales Change: (48.1%) (Over 1-Yr.)
Employees: 39
Address: 3452 Lake Lynda Dr., Ste. 280
City/State/Zip: Orlando, FL 32817
Phone: 407-207-5900
Fax: 407-207-5955CEO: William L. Amt
CFO: John G. Murchie
They are a well known around the world for their technology to recycle CRT glass and seem to be unique in that particular aspect of recycling old monitors, etc. See grn.com
Found a limited partnership that has been investing in the company since at least 1996. Looking at their track record, this may be a good one to have in your portfolio. They recently invested further in the company. technologyfunding.com
From their newsletter:
During the third quarter, the Partnership invested an additional $236,250 in Conversion Technologies International, Inc., through a private placement. At September 30, 1997, the fair value of the Partnership's investment in Conversion Technologies was $352,820. Conversion Technologies raised gross proceeds of $4,145,000 in the private offering of Series A Preferred shares. Conversion Technologies produces industrial abrasives for surface cleaning and preparation and aggregates for non-skid flooring, roofing and other construction materials. In July, the company terminated a merger agreement with Octagon Inc. which provides operations and maintenance services to nuclear utilities. Conversion Technologies subsequently announced that William L. Amt, formerly of Octagon, had joined the company as president and chief executive officer.
I'll be digging a little further. Appears the bottom has hit. |
