Pure Earth Inc (PREA)

Description:

Pure Earth, Incorporated was formed as a Delaware corporation on February 13, 1997 under the name Info Investors, Inc. On January 17, 2006, in connection with the acquisition of South Jersey Development, Inc., the Company changed its name to Pure Earth, Inc. It began to focus its efforts on the acquisition and operation of companies that serve the Company's objectives. The Company is a provider of integrated environmental transportation, disposal, recycling, consulting, engineering and related services, enabling the beneficial reuse of soils and industrial waste streams into approved disposal facilities or Brownfield sites. It operates in the following four reportable business segments, which serve as strategic business units through which its environmental products and services are generally organized: Transportation and Disposal; it provides transportation and disposal services for excavated clean and contaminated soils from urban construction projects in the mid-Atlantic region and the New York metropolitan area. Treatment and Recycling; it remove, process, treat, recycle and dispose of residual waste from a variety of different industrial and commercial sources, targeting customers along the U.S. eastern seaboard. Environmental Services; it provides a range of environmental consulting and related specialty services, including environmental investigation and engineering services to commercial and residential customers, and locating and acquiring Brownfield sites for subsequent development, restoration and potential resale with capping material from its existing facilities or directly from its customer base. Materials; it produce and sell recycled construction materials for a variety of construction and other applications, including crushed stone and recycled aggregate. The Company's construction materials are produced to meet all prevailing specifications for its use. The Company's business strategy consists for the following elements: Continue to focus on its Core Transportation and Disposal Business. It plans to expand and grow this segment, which involves the management, transportation and disposal of excavated clean and contaminated soils from urban construction projects throughout the mid-Atlantic and New England regions. Develop and Grow Revenues from Green Construction Materials and Related Products. It might seek to sell a growing variety of construction materials produced by reusing materials transported from construction job sites. Strive is a Provider of Treatment and Recycling Services. The Company plans to leverage its geographic breadth and services portfolio to offer its customers a single source for treatment and recycling services, thereby simultaneously expanding the options available to the customers and reducing the cost of providing those services. Recycle Waste Products into Alternate Fuels. It plans to develop and process BTU waste products into a form of fuel that can be used in place of or together with fossil fuels such as coal, natural gas and oil. The Company is currently investigating potential sites in the northeastern United States to commence operations. The Company operates in highly competitive markets and face substantial competition in all phases of operations from a variety of different competitors, depending on the industry and service area.