This company was profiled on MSN’s Money Central on September 29th, 2004. Solucorp was picked because it is the “potentially most rewarding — environmental stock on Money Central’s list … The tiny company has three areas of business, which may begin producing some relatively big revenue over the next six to 12 months.”
What does Solucorp Industries do?
SOLUCORP is an innovative developer of superior metals remediation technologies. The Company develops environmentally friendly technologies for the treatment and prevention of hazardous heavy metal contamination of waste streams. Solucorp owns two patents on its Molecular Bonding System (MBS(R)) technology, has applied for several patents including bullet traps, projectiles, paint strippers and filter material with its Integrated Fixation System (IFS) technology and has received a notice of allowance from the Patent Trademark Office (PTO) for the main IFS patent application. The effectiveness of the Company’s patented MBS is acknowledged by its successful completion of the U.S. EPA’s Superfund Innovative Technology Evaluation (SITE) Program. MBS has proven to cost effectively and permanently remediate heavy metals contamination in soils and industrial wastes and has been successfully used internationally.
In the past 3 months the stock has been fluctuating a lot - it went up as high as $3/share, then went down to $1/share in September until it finally climbed back up to $1.75/share. Yes, it is a bit risky investing in this company - but after reading their profile on MSN’s Money Central (title: “3 ‘green’ stocks that don’t care who’s president”), I was convinced that this could be a good long-term investment.
Here’s the URL if you want to see their profile:
http://moneycentral.msn.com/content/P92933.asp
Quote of the Day:
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