tox free - advertising and supporting hotcopper hi guys.just got...

tox free - advertising and supporting hotcopper hi guys.

just got this in my e-mail addy..

TOX FREE - Advertising and Supporting Hotcopper.

The TOX Turnaround

Tox Free Systems (TOX) is a classic turnaround story in the making. The Company treats hazardous waste or contaminated soils at two special purpose plants licenced by the Department of Environmental Protection. This ought to be a highly rated and profitable niche.

After listing at 50c four years ago, technical problems and an engineering rather than commercial management focus nearly sent TOX under. The share price fell a long way and is currently 3 cents.

A new management team installed in the third quarter of last year switched the focus to marketing the service, profit margins on all contracts undertaken, and cost reductions.

TOX just announced its first operating profit with EBITDA of $325,000 for the 6 months to Dec 2004. Management is forecasting NPAT for the current 6 months of $700,000 and further profit increases in future periods as the Company undertakes brownfields expansion plans which are likely to lift profitability substantially.

A research report on TOX was released today and is available on the website www.toxfree.com.au, or directly by the link http://www.toxfree.com.au/reports.html

If TOX's expansion plans are achieved its shares will surely be many times the current price. It looks a very interesting recovery play.