Tytan Holdings Inc (TYTN)

[Suspect]

From Alamo's 10-k:

On May 12, 1995, the Company acquired Rhino International, Inc. ("Rhino International"), an unaffiliated company which imports Chinese-manufactured tractors for a purchase price of $2,663,000.

In December 1998, the operations of the Company's Chinese tractor import and marketing business, Rhino International, were terminated. These operations had experienced a decline in sales and profitability related to market factors. Sales in 1998 were $2.2 million versus $7.8 million in 1997. Alamo is in the
process of collection of accounts receivable of Rhino International and disposal of its remaining inventory and expects to conclude this process by mid-1999. In 1998, the effect of Rhino International, including settlement of certain litigation as well as inventory and accounts receivable losses expected in final collection and disposition, was an after tax loss of $6.4 million or $0.66 per diluted share, compared to an after tax loss in 1997 of $0.9 million or $0.08 per diluted share.