Replies to post #52059 on Wanderport Corp (WDRP)

[gharma]

Search terms can be fickle
A couple questionables
http://articles.chicagotribune.com/1990-02-11/travel/9001120554_1_scrap-tires-retreading-recycling-center
dateline Akron Ohio Feb 1990

. . .
Similar junkyards filled with tires exist all over the country, and local attitudes toward them are much the same.

But enter an Indiana entrepreneur, Dan Overman, 39, who thinks he can change all that.

Now Overman, with help from Grebelsky`s 28-year-old son Bob, wants to transform the site, complete with its junkyard dog, from an environmental and safety liability into a profitable recycling enterprise.

Renamed ReGenesis, the venture eventually could employ 10 to 12 workers who would shred and grind into crumbs some 10,000 to 12,000 tires a day, Overman said.

Overman said he plans this year to transform a 14,000- to 15,000-square-foot warehouse on the site into a recycling center, stocked with some $1.5 million worth of machinery.

That`s quite a switch for Overman because, he said, ``until about a year and a half ago, the extent of my knowledge of the tire business was going and buying a new set once in awhile.``

and from the Ohio EPA in 2008
http://www.epa.ohio.gov/Portals/47/media/major_scrap_tire_cleanups2008.pdf

2. ReGenesis Scrap Tire Site, Summit County. This was the first state funded scrap
tire cleanup due to its size, location, and the priorities established by law in Ohio
Revised Code 3734.85. Between September 1997 and June 1999 over 4 million scrap
tires were removed from this site. This failed tire pyrolysis venture had two major fires
in the 1980s and after each fire the owners brought in more scrap tires. The City of
Barberton and its fire department was successful in obtaining a court order to shut down
the site. The company and its owners had all filed for bankruptcy before the state
funded cleanup was initiated.

Not sure if at all related, but it seems the funding model used has similarities to the ill-defined sketch of a business model in the WDRP pree release

the importance of Wanderport's anticipated acquisition of ReGenesis is synonymous with their expected scrap tire recycling contract in Italy which is accompanied with storage and land space, as well as, funding from an Italian regional zone in return of ridding the region of its scrap tire problem which should provide the operating capital to purchase the recycling equipment which Wanderport presumes will produce important revenues.

I must move on now . . . my gut is hurting from laughing :-)