Planet Earth Recycling Inc. Launches Public Business
Monday November 27, 10:05 am Eastern Time
Press Release
BLAINE, Wash.--(BUSINESS WIRE)--Nov. 27, 2000--Planet Earth Recycling Inc. (the ``Company'') (OTCBB:PERI - news) is pleased to report that it has now completed its transition from a private corporation to a public company.
The Company is an integrated multi-faceted recycling and waste management business, ready to address a broad range of recyclable materials, including glass, plastic, paper, cardboard, metals and particularly organic wastes. Through its subsidiaries, the Company is able to build and support recycling, waste handling and environmental facilities. The Company's master license enables it to own and operate state-of-the-art Thermo Master(TM) Plants in Canada and the US States of California, Washington, Oregon, Nevada, Hawaii and Iowa, a territory with a population totaling approximately 78 million people. The Company offers a full range of waste recycling and management services to waste generators and communities.
Prior to becoming a public company through a merger with Adventure Minerals Inc., Planet Earth Recycling Inc. had begun to create a corporate structure to address a range of recycling and waste processing businesses. The Company operates through its subsidiary Planet Earth Operating Services Inc. (``Planet Earth Operating'') and conducts most of its business through four subsidiary companies under Planet Earth Operating. Two of these subsidiaries, Planet Earth Design Build Inc. and Planet Earth Management are structured to deliver a full package of construction and support services to physical plants on a cost plus fee for services basis. These two subsidiaries are already party to a number of service contracts and provide steady cash flow to the Company through these contracts. The other subsidiaries are structured to conduct waste management and recycling businesses including waste acquisition, recycling and commodity brokering as well as waste processing and conversion to value added products. One of the Company's key environmental technologies is the patented (US Patent No. 5,810,903) Thermo Master(TM) Process, for which it holds an exclusive license and through which it can offer large-scale commercial technology to convert organic waste, the most challenging waste stream, to value added feed and fertilizer products in an environmentally controlled facility.
The quarter ended September 30, 2000, was the Company's first quarter following the transition. The following unaudited financial results are a comparison of the financial situation at September 30, compared to June 30, 2000 and were included in the Company's Form 10-QSB for the period ended September 30, 2000.
Planet Earth Design Build Inc. (``Design Build'')
Planet Earth Management Inc. (``Planet Earth Management'')
Earth Alliance Systems Inc. (``Earth Alliance'')
Planet Earth Bio Conversion Inc. (``Planet Earth Bio Conversion'')
biz.yahoo.com |
