On May 15, 2000, Good, O’Donnell & Redden — auditors for Aylmer, Ontario-based TCR Environmental Corp. — reported TCR’s financial statement for the period ended December 31, 1999. The statement shows a year-end deficit of $8.7-million (compared with $6.2-million the previous year) and losses that totaled approximately $2.4-million (compared to $1.3-million in 1998). TCR’s loss per common share was 31 cents in 1999 compared to 18 cents in 1998. The company borrowed $472,000 in notes payable plus $1,460,660 in shareholder advances, and issued $1,288,100 of common shares. Long-term debt includes approximately $2.4-million notes payable and $1.6-million shareholder advances. The company had 10,223,794 shares outstanding at the end of the year. Shares traded in the 38-cent range at the end of May, 2000.
For further information, contact TCR at 519-773-7204