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Non-Tech : RECY Looking Good... A

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To: Mahatmabenfoo who wrote (6824)7/7/1999 2:24:00 PM
From: James Strauss  Read Replies (1) of 7006
 
Charles:

I got an E-Mail from an investor that visited one of the RECY sites and spoke to local Mgmt... Of the 42 original sites, 32 have been sold off or are in the process of being sold... The remaining 10 sites are doing well... G.E. capital is currently funding RECY's operations... It was G.E. capital that recommended the recent change of CEO... This explains the lower revenues this year as compared to last year... I'm still awaiting a return call from RECY...

Jim
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