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Pure Earth, Inc.
Symbol:  PREA


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Business Summary: Pure Earth, Inc., through its subsidiaries, operates as a diversified environmental company primarily in the United States.
 
Address
  1 Neshaminy Interplex Ste 201
  Trevose , PA 19053-6955
  Phone: 215-639-8755
  Fax: 215-639-8756
  Website: http://www.pureearthinc.com
Auditor
  Marcum & Kliegman
  New York
Transfer Agent
  Interwest Transfer Co. Inc.
Employees:  126
ShareHolders:  201
Founded:  1997
Domicile:  Delaware
 
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Pure Earth, Inc.
Symbol:  PREA


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Pure Earth, Inc., through its subsidiaries, operates as a diversified environmental company primarily in the United States. It provides 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. The company operates in four segments: Transportation and Disposal, Treatment and Recycling, Environmental Services, and Materials. The Transportation and Disposal segment offers 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. The Treatment and Recycling segment removes, processes, treats, recycles, and disposes residual waste from various industrial and commercial sources, targeting customers along the U.S. eastern seaboard. The Environmental Services segment provides environmental consulting and related specialty services, including environmental investigation and engineering; environmental well drilling; disposal of regulated medical waste; and locating and acquiring Brownfield sites for subsequent development, restoration, and resale with capping material. The Materials segment produces and sells recycled construction materials for a range of construction and other applications, such as crushed stone and recycled aggregate. Pure Earth Inc. is headquartered in Trevose, Pennsylvania.
History:  INCORPORATED in Delaware Feb. 13, 1997, as Info Investors, Inc.; name changed to Pure Earth, Inc. Jan. 17, 2006. On Jan. 20, 2006, the company acquired South Jersey Development, Inc. for 9,300,000 Common shares. Also on Jan. 20, 2006, South Jersey completed the acquisition of American Transportation and Disposal Systems, Ltd. Outstanding shares of American were exchanged for 1,200,000 Common shares of the company. South Jersey also acquired certain assets of Whitney Contracting, Inc. South Jersey then acquired Juda Construction, Ltd. and certain assets of Alchemy, Inc. Outstanding shares of Juda were exchanged for 300,000 Common shares of the company, and Alchemy's assets were exchanged for 75,000 Common shares of the company.
 
Subsidiaries:
Bio Methods LLC
Casie Ecology Oil Salvage, Inc.
Echo Lake Brownfield, LLC
Geo Methods LLC
HFH Acquisition Corp.
Juda Construction, Ltd.
MidAtlantic Recycling Technologies Inc.
New Nycon, Inc.
PEI Disposal Group, Inc.
Pure Earth Energy Resources, Inc.
Pure Earth Environmental Inc.
Pure Earth Materials (NJ) Inc.
Pure Earth Materials, Inc.
Pure Earth Transportation & Disposal, Inc.
Rezultz, Incorporated
 
 
 
 
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Pure Earth, Inc.
Symbol:  PREA


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Management
OfficersPosition
 Brent  KopenhaverChairman, Exec VP, Treasurer & Chief Financial Officer
 Mark S. AlsentzerPresident & Chief Executive Officer
 Joseph T. KotrositsSecretary & SR VP

Directors
 Mark S. Alsentzer
 Charles M. Hallinan
 Brent  Kopenhaver
 
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Pure Earth, Inc.
Symbol:  PREA


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Capitalization as of 03/31/2010:
 
 Authorized SharesOutstanding Shares
Series B Preferred $0.001 par20,0006,300so1
Common $0.001 par25,000,00017,587,899
 
LONG TERM DEBT: $6,709,048.
 
Common $0.001 par
 
Stockholders:  04/10/2010, 201.
Transfer Agent:  Interwest Transfer Co. Inc.   Salt Lake City , UT
 
OTC Bulletin Board( Primary): PREA
 
ExchangeYearHighLow
OTC Bulletin Board20091.45000.1800
OTC Bulletin Board20083.50001.0100
Over The Counter20079.45002.2000
Over The Counter20068.75004.3000
Over The Counter20052.25000.7500
Over The Counter20042.00000.9000
 
DIVIDENDS: Common $0.001 par: None.
 
 
  so1The company must redeem all outstanding Ser. B shares on Mar. 3, 2013.
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Pure Earth, Inc.
Symbol:  PREA


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Annual Report
 
Income Statement
  20092008
REVENUES
Revenues43,312,16061,166,930
EXPENSES
Cost of Revenues(38,705,460)(50,373,760)
Salaries and Related Expenses(4,761,738)(5,929,102)
Occupancy and Other office Expenses(861,794)(1,101,242)
Professional Fees(2,020,366)(1,985,740)
Other Operating Expenses(1,370,511)(2,081,607)
Insurance(1,100,715)(1,035,528)
Depreciation and Amortization(475,119)(440,687)
Impairment of Idle Machinery-(1,618,125)
Write off of Fixed Assets(733,333)-
Interest Expense(2,444,604)(1,972,096)
Interest Income-82,821
Loss from Equity Investments(143,431)(310,678)
Change in Fair Value of Warrants with Contingent Redemption Provisions728,9961,151,266
Expenses for Unrealized Acquisitions(30,000)(271,081)
Other Income/loss471,635188,352
Gain on Sale of Equipment23,648245,424
Earnings before Taxes(8,110,629)(4,284,851)
TAXES AND OTHER EXPENSES
Provision for Income Tax(78,674)748,820
Provision for Income Tax1,678,6891,308,765
Earnings of Discontinued Operations(357,895)(312,494)
Net Income (Loss)(6,868,509)(2,539,760)
CHARGES ON NET INCOME
Dividends on Preferred Stock(272,154)(477,846)
Net Income Available to Common Shareholders(7,140,663)(3,017,606)
SUPPLEMENTARY INFO
Gross Profit/loss4,606,703.0010,793,170.00
Basic EPS - Continuing Operations(0.39)(0.16)
Basic EPS - Discontinued Operations(0.02)(0.02)
Basic Earnings Per Share ? Total(0.41)(0.18)
 
Balance Sheet
  20092008
CURRENT ASSETS
Cash and Cash Equivalents796,553900,744
Accounts Receivables6,614,57510,903,950
Due from Joint Venture118,270342,552
Inventories392,562312,651
Deferred Income Tax Asset209,568306,073
Prepaid Expenses760,383781,893
Restricted Cash211,122813,164
Other Current Assets1,487,6671,065,740
Asset Held for Sale956,9231,986,917
Total Current Assets11,547,62017,413,690
NON CURRENT ASSETS
Land1,085,9401,085,940
Buildings and Improvements7,114,7527,125,309
Machinery, Equipment10,282,8908,025,683
Trucks and Automobiles1,884,9891,922,246
Office Furniture, Fixtures and Computer Software323,160323,160
Leasehold Improvements220,560211,875
Accumulated Depreciation(6,725,625)(4,423,106)
Goodwill759,694759,694
Permits2,200,0002,200,000
Other Intangible Assets, Net of Accumulated Amortization1,647,1912,017,972
Deferred Financing Costs544,245747,989
Idle Machinery4,158,1007,176,850
Deposits and Other Assets1,417,117923,335
Total Assets36,460,64045,510,640
CURRENT LIABILITIES
Accounts Payable5,005,1465,318,797
Accrued Payroll & Payroll Taxes151,408294,356
Accrued Expenses1,031,609902,265
Line-of-credit1,884,529407,822
Notes Payable-25,068
Note Payable-related Party1,011,348333,000
Current Portion of Long-term Debt1,462,2241,556,494
Other Current Liabilities545,8021,323,452
Liabilities Held-for-sale796,5161,887,513
Accrued Disposal Costs468,942262,815
Total Current Liabilities12,357,52012,311,580
NON CURRENT LIABILITIES
Note Payable-related Party-650,296
Long-term Debts, Net of Current Portion7,203,8558,351,740
Mandatorily Redeemable Series B Preferred Stock,.001 Par Value Authorized 20,000 Shares Issued and Outstanding 6,300 an5,359,2064,447,437
Deferred Income Tax Liabilities - Permits880,000880,000
Deferred Income Taxes2,272,0424,047,236
Preferred Stock Convertible105-
Contingent Consideration1,176,2351,176,235
Accrued Disposal Costs282,17278,023
Warrants with Contingent Redemption Provisions383,1681,112,164
SHAREHOLDERS' EQUITY
Common Stock - Par Value17,57617,627
Additional Paid in Capital15,034,60013,803,470
Accumulated Deficit(8,505,842)(1,365,179)
Total Shareholders Equity6,546,43512,455,920
Total Liabilities & Shareholders Equity36,460,64045,510,640
 
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Pure Earth, Inc.
Symbol:  PREA


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Interim Report   
 
Data Not Available
 
 
 
 
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Pure Earth, Inc.
Symbol:  PREA


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Pro Forma Report   
 
Data Not Available
 
 
 
 
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Pure Earth, Inc.
Symbol:  PREA


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Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2010   17,020,000
  2009   112,070,000
  2009   212,000,000
  2009   311,450,000
  2009   Full Year 43,310,000
  2008   114,620,000
  2008   217,890,000
  2008   319,130,000
  2008   411,100,000
  2008   Full Year 62,740,000
  2007   110,320,000
  2007   218,500,000
  2007   315,290,000
  2007   415,290,000
  2007   Full Year 59,400,000
  2006   Full Year 22,230,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   1(2,300,000)
  2009   1(810,000)
  2009   2(870,000)
  2009   3(1,200,000)
  2009   Full Year (6,510,000)
  2008   1(410,000)
  2008   2(180,000)
  2008   310,000
  2008   4(1,960,000)
  2008   Full Year (2,540,000)
  2007   Full Year 2,030,000
  2006   Full Year (300,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1(.13)
  2009   1(.05)
  2009   2(.05)
  2009   3(.07)
  2009   Full Year (.39)
  2008   1(.02)
  2008   2(.04)
  2008   3Nil
  2008   4(.11)
  2008   Full Year (.17)
  2007   1.01
  2007   2.04
  2007   3.03
  2007   4.03
  2007   Full Year .12
  2006   Full Year (.02)
 
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