To: Warlock who wrote (30 ) 7/12/1998 12:58:00 AM From: PitBull Read Replies (1) | Respond to of 275
MRTI.Metal recovery Technologies MRTI is a company that has developed and has sole rights to the first commercially viable method of recovering zinc coating from galvanized steel scrap. The process recovers a high grade zinc which can be reused in the galvanizing and chemical industries and a high quality steel scrap which is in great demand from the steel and foundry industries. A primary customer will be the automotive industry. this stock is 10 cents and has already established a strong base float is 27 million they have a web site and the CEO bought 11 million shares on the open market Some investors might consider this a great sign for things to come. this was once over 60 cents this MIGHT be undervalued? there has never really been BIG volume There has been accumulation strength in this for a long time MRTI is ALSO listed on the Berlin Stock exchange besides our OTC exchange here is an excerpt from press release (see yahoo for full press release) Monday June 8, 10:41 am Eastern Time Company Press Release SOURCE: Metal Recovery Technologies, Inc. Metal Recovery Technologies Chairman Purchases 11,000,000 Shares of Company Stock ****** Metal Recovery Technologies utilizes a patent-pending process that removes zinc from galvanized steel scrap yielding two end products: 99.8 percent pure zinc, and the highest quality reusable ''black'' scrap steel. The dezincing technology has been developed by Metal Recovery Technologies in partnership with the Argonne National Laboratory and the United States Department of Energy. Visit Metal Recovery's web site at www.metalrecovery.com. SOURCE: Metal Recovery Technologies, Inc. : 415 East 151st Street East Chicago, IN 46312 Phone: (219) 397-6261 Industry: Metal Mining Sector: Basic Materials Employees: 20 Officers: Michael S. Lucas, Chmn./CEO Roy Pearce, CFO. Here is some stuff from the DD packet they sent: MRTI technology has been developed in cooperation with the US Dept. of energy, and has its own patent(brochure says patent pending, but when I spoke to the company they implied they have the patent, and there was no patent pending).. The dezincing process is environmentally sound, low cost, easy to operate, simple to adopt, flexible. The process generates no hazardous gases. Oxygen and hydrogen are the main gaseous emmissions. Initial revenues will come from the company's facility in East Chicago, Indiana. The equipment is currently being upgraded and in 10-12 weeks this plant should be in full force production. The brochure states that there should be 115,000 tons of black scrap and 5 million pounds of zinc for total revenues of circa $19 million per year. Their literature also states some other potential sources of revenue. MRTI estimates the potential worldwide market in this industry to be 10 billion dollars per year. MRTI has no real competition, private or public because of their patented process. MRTI says it is "the largest zinc mine in the world." A colorful brochure illustrates the layout of the plant which is located on an 11 acre lot of land. This is NOT a recommendation to buy, I am simply sharing some of the DD in what looks like a potential long term investment in a company that has a tremendous edge in this type of industry. Requesting a Due Diligence Packet from the company, and a phone call with Investor Relations, should prove extremely informative. There is a MRTI thread on SI and you will find more DD there, including some information about the CEO answering some questions soon on an investor web site.