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Non-Tech : RECY Looking Good... A -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (4237)	3/4/1998 1:24:00 PM
From: Magnatizer	Respond to of 7006

Jim And what a sweet sound you produce. Long RECY David

To: James Strauss who wrote (4237)	3/4/1998 1:34:00 PM
From: TheInvestor	Read Replies (3) \| Respond to of 7006

Yes, folks I called RECY today and spoke with Alex the CFO of Recyclable Industries. Main points discussed: Q. Concern on where the Company is going now with the growth. A. We are in a very busy state looking on a daily basis to acquire new divisions. We have the funding and support to buy more companies to reach the $1 Billion dollar level by end of 1998. Q. How are exiting divisions you bought this year doing under your management and leadership? A. We feel they are performing as well or better than they were before we purchased them. Q. What is the earning/revenue outlook for this quarter? A. Well, we cannot quote or release any numbers to you because of certain SEC rules, but I will say that things are looking GOOD now. Q. How many divisions do you currently have? A. We have 18 now and growing. Primarily looking at the South East and Mid West Companies. Q. What aboute the debt to profit ratio? Even though you will reach the $1 Billion level. Would that just increase the debt to make you not very profitable? A. We are now show approximately 2 to 1 ratio and that is not bad at all. That is very healthy for a company like ours. Q. What is the current per Market Value for Recyclable Industries? A. We are now valued at $287 million dollar. Q. Well you look, sound, and feel like a company that is worth $30 per share, so why are you down at $6 now? A. That is true, and we would like to know why too. Q. What about institutions buying shares and raising the price? A. Yes we have a number of BIG institutions that have bought the stock in the past and are holding for future growth. They are people like Pilgrim, Ryback, Dean Witter, etc. We hope to get new ones to buy more and remove some of the shares from the market to help the share price go up. We currently have 19% of institutions holding our stock. Q. What happened at the Alex Brown conference? Why was it not available to the public? A. We did a presentation at the Alex Brown Conference, and it was well received by them. Very similar to what went on in the Red Chip Review conference. This conference was private held for Alex Brown and Co. Q. The current share price is $6 and dipping, why is that? A. we don't know how this market works, sometimes that happens. But as you might already know a number of brokerage houses priced our stock at $12 and $16 target for the end of 1998. I hope that covered most of your questions/concerns. Regards, TI