Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Amcor Capital (ACAP) -- Ignore unavailable to you. Want to Upgrade?

To: ElGator who wrote (31)	5/1/1998 8:43:00 PM
From: ElGator	Read Replies (1) \| Respond to of 63

Some news. Note that this has been organized as a subsidiary (separate corporate entity owned by ACAP shareholders) and not as a division ("branch"). I think some good things may be about to finally happen. SOURCE: AMCOR Capital Corporation AMCOR Capital Corporation Launches New Subsidiary to Pursue Biomass Recycling Market COACHELLA, Calif., May 1 /PRNewswire/ -- AMCOR Capital Corporation (''AMCOR'' or the ''Company'') (Nasdaq: ACAP - news) today announced the formation of a new subsidiary, AMCOR Biomass, Inc.(''AMCOR Biomass'') which will direct all of AMCOR's biomass/recycling operations. AMCOR Chairman, Fred H. Behrens, stated that: ''The California Integrated Waste Management Board estimates that California generates in excess of 12 million tons of green waste annually. With average tipping charges of $25 per ton, this represents a potential $300 million market. AMCOR Biomass was formed to pursue this market after having successfully operated biomass/recycling operations since late 1996. We expect that the biomass recycling industry will undergo a great deal of consolidation over the next few years and we are committed to becoming an industry leader. Initially, AMCOR Biomass will concentrate its efforts in California, where it has targeted a number of potential acquisitions with annual revenues ranging from $500,000 to $20 million.'' AMCOR entered the biomass/recycling industry when it first began a pilot program in late 1996, in order to provide soil amendment compost to its agricultural properties. In November 1997 AMCOR acquired Santa Fe Springs, California based TransPacific Environmental, Inc. (''Transpacific'') which was generating $2 million in annual revenues. In May 1998 the Company acquired Economy Tree Service (''Economy'') which specializes in servicing commercial and Industrial properties. With the transfer of TransPacific and Economy into the new subsidiary, the AMCOR Biomass is currently recycling and processing biomass for 19 California municipalities, State agencies, counties, school districts and private developers. Current long term and renewable contracts are expected to generate over $30 million in annual revenues by the year 2000. AMCOR Biomass' revenues are expected to increase substantially as it makes new acquisitions and obtains new contracts, as budgetary constraints force governmental agencies to privatize their in-house operations. In addition, the Company believes the implementation of the California Integrated Waste Management Act of 1989 (AB 939), which mandates that municipalities must divert 50% of their waste stream from landfills by the year 2000 (up from the current 25%), will contribute to a significant rise in AMCOR's biomass revenues. Twenty-three other states have enacted similar legislation in recent years. AMCOR is currently one of the only public companies with a biomass operation (green waste and tree maintenance). Its other two operating divisions include a fully integrated agricultural division, which produces over 150 million pounds of food products annually in California and Oregon and a transitional land planning/development division which manages a portfolio of development properties in California and Texas. AMCOR maintains a presence on the Internet at www.amcorcapital.com. ''Safe Harbor'' Statement Under the Private Securities Litigation Reform Act of 1995 With the exception of historical information, the matters discussed in this press release are ''forward-looking statements'' that involve a number of risks and uncertainties. The actual future results of the Company could differ significantly from those statements due to factors including, but not limited to: risks associated with managing the Company's growth; the continuation in the growth of the Company's biomass business; the continuation in the growth of the California real estate market; general economic conditions; various conditions specific to the agribusiness, real estate development, principal tree trimming and green waste processing industries; and factors discussed in the Company's annual report on Form 10-KSB for the fiscal year ended August 31, 1997.

To: ElGator who wrote (31)	5/1/1998 9:33:00 PM
From: skinydipper	Read Replies (1) \| Respond to of 63

Welcome to the thread ElGator. I agree that the term "losses" due to ElNino was a poor choice of words on my part. It is good news that the grape harvest will not be impacted by the weather. What is the source of your information? Do you live in the LA area? No. let me guess, with your handle it's got to be FLA. Since I have not renewed my subscription to The Stewart Report and have parted ways with my California stock broker my sources have dried up. I think ACAP will prove to be one of Stewarts better picks though. What benefit do you see in the formation of the separate subsidiary? It would make it easier to sell-off Biomass. Regards, Tim