The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (27815)	4/14/1999 10:16:00 PM
From: MARK C.	Read Replies (1) of 90042

MACE has a new CEO and the share price has almost doubled in a week. Mr. Paolino is the guy who took over Eastern Environmental in 1996 at $1.50 a share and sold it to Waste Management last year for $32. Mace has almost doubled on no news. Makes me think some is coming. To top it off this was released today. It seems a lot of people believe in this guy. I am just mentioning something I have noticed that may be worth looking into. By the way this company was up over a dollar today also. Do your own DD, MarkC. 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

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