Recycling: Appliance Recycling Centers of America, Environmental Technologies, and Mercury Waste Solutions
August 4, 2000
Appliance Recycling Centers of America, Inc. (ARCA; Minneapolis, MN) reports strong operating results for the second quarter. Revenues increased 44% to $5,819,000, from $4,053,000 in the second quarter of 1999. Net income came to $341,000 or $0.12 per diluted share (fully taxed), up 36% from $251,000 or $0.11 per diluted share in the prior-year quarter (no taxes recorded).
Environmental Technologies, Corp. (EVTC; Hurst, TX) announces that it has agreed to purchase a controlling interest in Mercury Waste Solutions, Inc. (MWSI; Mankato, MN), which provides mercury waste recycling services. EVTC will acquire up to a maximum of 70% of MWSI's outstanding shares.