MACE (Mace Security International) Message Board

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Microcap & Penny Stocks : MACE (Mace Security International)

MACE 0.0157

-6.5%

Dec 6 4:00 PM EST

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To: J R KARY who wrote (133)	4/13/1999 9:11:00 PM
From: J R KARY	of 143

Mace's new CEO invests in and is Chairman of US Plastic Lumber " U.S. Plastic Lumber Corporation announced today that it has filled one vacancy on its Board of Directors to include Louis Paolino, Jr. Mr. Paolino will select two other directors in the near future. USPL also announced that it intends to elect Mr. Paolino as its Chairman at its next regularly scheduled Board meeting May 5th. Mr. Paolino, is the former Chairman, Chief Executive Officer and the President of Eastern Environmental Services, Inc. (EESI) which was acquired by Waste Management, Inc. in December, 1998. In addition to Mr. Paolino becoming Chairman and adding two directors to USPL, Mr. Paolino and his affiliates will make up to a $13 million investment in USPL in the form of cash and stock including the merger of Soil Remediation of Philadelphia, Inc. SRP, in conjunction with USPL's other soil recycling companies, located in the northeast, makes USPL the dominant player in this highly profitable niche market. SRP had annualized revenues in excess of $14 million and EBITDA of $2 million for fiscal year 1998. biz.yahoo.com Wasn't more car washes - wonder if Mace's future is going to follow EESI's past to $35/shr ?

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