ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES INC.DESPITE A BREAKOUT year in sales, Advanced Environmental Recycling Technologies Recycling technology Methods for reducing solid waste by reusing discarded materials to make new products. The three integral phases of recycling are the collection of recyclable materials, manufacture or reprocessing of these materials into new products, and Inc. lost money in 1999. The Springdale company reported net 1999 sales of $19.9 million, a 61 percent increase from $12.4 million in 1998. And although its stock saw a four-year high in July 1999 when it topped $2, AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team still lost money for the year. The company, which makes composite building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . from recycled plastic and wood fiber waste or "sawdust sawdust used as litter for chickens and bedding for horses. Sawdust made from treated timber may cause pentachlorophenol and other wood preservative poisoning. Fungi growing in sawdust litter in poultry houses may cause poisoning in the birds. ," reported a $1 million loss for 1999. That came after Chief Executive Officer Joe Brooks told shareholders that AERT was "not going to be a little microcap microcap 1. Of or relating to the common stock of a company with a small capitalization, usually between $50 million and $250 million. Microcap stocks tend to experience volatile price movements and are subject to investment fraud schemes. company much longer." The company only recorded its first-ever profitable quarter for the period ended March 31, 1999, when it had a $195,000 profit compared with a loss of $360,000 for the same 1998 quarter. AERT's products mostly include door and window components and industrial flooring and decking material. Its stock has lagged in recent years because of a string of crippling events. A series of fires, some of suspicious origin, disrupted and shut down operations, and a devastating dev·as·tate tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates 1. To lay waste; destroy. 2. To overwhelm; confound; stun: was devastated by the rude remark. legal battle with corporate giant Mobil Oil Co. threatened tiny AERT's survival when a jury returned a verdict against it. AERT has persevered thanks to additional investments by the Brooks family, especially Brooks' parents, Marjorie and the late Joe Brooks, who died two years ago while leading the company. AERT's leasing of the former Cabinet Craft building in Springdale also has taken longer to bring online than expected, at least in part because a computerized transfer system failed to work properly. AERT announced in April 1999 that it had opened a sixth extrusion line, the third of its kind at the company's Springdale production facility Joe Brooks Jr. said he expects the addition will help increase AERT's run capabilities to about $50 million worth of production materials. |
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