L. Krinsky and Sons - Dealers in Scrap Metals

ARTICLES OF INTEREST

October 2007: L. Krinsky and Sons successfully defended itself against a multi-million dollar defamation claim by ACME Refining Company. Relying upon radio ads, direct mail pieces, email and accounts of personal visits as exhibits, ACME accused Krinsky of lying and unfair business practices. Judgment was entered in favor of Krinsky on the defamation count without the need for trial. A non-monetary settlement was reached between the parties with regard to the unfair business practices count.

Krinsky’s attorney, David Stieper of Hoffman Estates Illinois maintained from the inception of the lawsuit that the defamation count would fall without need for trial. Mr. Stieper opined that this was a classic David and Goliath situation in which David won.

MICHIGAN SCRAP METAL DEALER AGREES TO PLEAD GUILTY TO DEFRAUDING NINE SUPPLIERS

http://www.usdoj.gov/atr/public/press_releases/2004/203841.htm

Sturgis Iron & Metal was charged with shortweighing, an industry term used when misrepresented weights
are used to pay the supplier or customer. The shortweighing involved the South Bend facility and the headquarters in Sturgis, Michigan between 1995 and 2000.

TWO CLEVELAND SCRAP METAL COMPANIES, OWNER, AND AN EMPLOYEE
INDICTED ON SUPPLIER ALLOCATION AND BID-RIGGING CHARGES

http://www.usdoj.gov/opa/pr/2004/January/04_at_018.htm

A federal grand jury in Cleveland today indicted M. Weingold & Co. (M. Weingold); Harry Rock & Associates Inc. (Rock), formerly known as Harry Rock & Company; their owner, Jack Weingold; and an employee of M. Weingold, Loren Margolis, for conspiring to allocate scrap metal suppliers and rig bids for the purchase of scrap metal in Northeast Ohio, the Department of Justice announced. In addition, Rock was indicted for committing wire fraud in connection with a bid-rigging attempt with a competitor.

Clearing the Air Article from Recycling Today
This special feature article in the award-winning Recycling Today magazine centers on the issues on the issue of manufacturers not receiving fair market value for their scrap metal. The article highlights several illegal methods of scrap dealers who break the law. For more than 40 years, Recycling Today has been one of the industry's leading and most relied upon publications.

Please see page links below to read this thought provoking article.

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Seller Beware News Report
This news report published by L. Krinsky & Sons, Inc. centers on integrity and trustworthiness in the scrap industry, and the unscrupulous acts of a hand full of dealers that one needs to watch out for.

If you would like to read the entire article, please click on the graphic to the right. You will need Acrobat reader to download and view the article.

L. Krinsky & Sons, Inc. Feature Story in Daily Herald
L. Krinsky & Sons, Inc. was featured in the front page of the December 7th issue of the Daily Herald newspaper.

The article focused on the integrity and trustworthiness of our 5th generation, family-owned and managed business.

If you would like to read the entire article, please click on the graphic to the left. You will need Acrobat reader to download and view the article.

L. Krinsky & Sons, Inc. Featured on WBBM Newsradio 780
L. Krinsky & Sons, Inc. will be featured on WBBM Newsradio 780 with both
30-second, 60-second #1 and 60-second #2 spots over the next few months.

Company Adds Paper & Cardboard Recycling Services
L. Krinsky & Sons, Inc. recently added paper and cardboard recycling to our list of recycled materials. "This new service offers our valued customers a true one-stop source for their recycling needs," stated Mark Gilblair, President of L. Krinsky & Sons, Inc. "Customers today demand convenience and dependability."

Fine Joins L. Krinsky & Sons, Inc. Sales Team
L. Krinsky & Sons, Inc. is proud to announce the addition of Michael Fine to our sales team. Mr. Fine will be responsible for overseeing all of the company's sales plans and programs.

"Michael is a great addition to an already-strong sales team," said Mark Gilblair, president of L. Krinsky & Sons, Inc. "He has proven experience in sales management and customer relations. Michael will give our company the ability to enter additional markets that demand dependable and honest scrap pricing and customer service."

Fine brings 16 years of sales experience to L. Krinsky & Sons. He spent 10 years as a Senior Account Executive working for a US based manufacturer of technology products. During that time, Michael helped launch the company's International sales division. For the past 6 years, Michael's focus has been working with industrial manufacturers in the Chicagoland area.

He also believes in the building and maintaining of long-term relationships. "Hard work and integrity are essential when servicing the needs of customers," stated Fine. "Every employee of L. Krinsky & Sons operates with that philosophy."

Company Celebrated 115th Year Anniversary in 2004
L. Krinsky & Sons, Inc. celebrated our 115th year anniversary in 2004. We want to thank all of our current and past clients who helped us reach this special accomplishment.

It Pays to Choose L. Krinsky & Sons, Inc. for Your Scrap Recycling.

Service Guarantee- Krinsky & Sons, Inc. guarantees that your scrap pick-up will occur on your scheduled day. Otherwise, we will pay you $250.

Fast Payment Guarantee- We pay our clients weekly-- which provides a regular and steady cash flow. A smart decision to choose Krinsky for high volume producers of mill deliverable scrap who often wait 30-45 days with other scrap dealers.

Market Price Guarantee- We guarantee that your scrap metal quote will be at fair market value. Our pricing is based upon published formulas by American Metal Market or Iron Age. This ensures you will always be receiving fair market value!

L. Krinsky & Sons
407 Meadow Ridge Lane, Prospect Heights, IL 60070
Phone: (773) 637-4547 Fax: (847) 392-8156
E-mail: info@krinsky.com