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this is a major risk ans a huge gamble for a bounce play.... I still don't know how/why this is still trading???
Company is completely worthless due to liquidation and dissolution.
I don't have much in this and I am willing to lose it all.
anyone with any useful DD is much appreciated
TIA,
GLTA
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Surrey, Inc. (SOAP)
Surrey, Inc. specializes in the development and manufacture of high-quality transparent glycerin and specialty soap products, as well as the production of certain personal care and home fragrance products. In addition, it manufactures a small amount of traditional bar soap. Surrey maintains a library of chemical formulations for producing purer, milder and harder glycerin soap bars primarily through the use of synthetic moisturizing ingredients rather than the use of tallow. The Company also manufactures a line of high-end scented candles that complements its line of home fragrance products. On April 5, 2001, the Company entered into an Agreement for the Purchase and Sale of Assets with Jean Charles Incorporated. The Agreement provides for the sale by the Company to Jean Charles of all of its tangible personal property, inventories, intangibles, books and records and prepaid accounts.
Surrey, Inc. specializes in the manufacturing of transparent glycerin and specialty soap products and the production of personal care and home fragrance products for major drug, grocery and discount retailers. For the three months ended 3/31/01, net sales rose 8% to $3.6 million. Net loss rose 72% to $586 thousand. Revenues reflect new sales generated by the Company's bulk soap line. Higher loss reflects higher staffing level and costs with planned sales operations.
http://biz.yahoo.com/p/s/soap.ob.html
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Other sources:
Surrey, Inc. specializes, develops and manufactures transparent glycerin and specialty soap products. The company also manufactures personal care and home fragrance, potpourri products, scented candles and shaving products. Surrey distributes its products through four brand names: The Pure Pleasure(TM) Line, The Simmer Scents Line, The Surrey Men's Line and The Illumatherape(TM) Line to a variety of customers which include Wal-Mart, Bath & Body Works, K-Mart, Walgreen's, Tupperware and Sara Lee Direct.
512 2677172
http://www.business.com/directory/retail_and_consumer_services/beauty_and_personal_care/toiletries/s....
Company profile: Surrey was incorporated in Texas in 1981 . It is specializes in the development and manufacture of high quality transparent glycerin and specialty soap products, as well as the production of certain personal care and home fragrance products. Surrey markets its products under its own four premium in-house brand names. The Pure Pleasure Line consists of boxed sets of glycerin soap bars, antibacterial liquid glycerin soap, oils and sachets. The Simmer Scents Line consists of potpourri bags, and potpourri liquids. The Surrey Men's Line consists of shaving mug, brush and soap set. The Illumatherape Line consists of various shaped and scented candles. The Company also manufactures and sells home fragrance products and a full line of potpourri products as part of its crafts market product line. Surrey recently began manufacturing a line of high-end scented candles that compliments its line of home fragrance products. In addition, the Company recently began manufacturing a small amount of traditional bar soap.
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Surrey, Inc. Reports Patents Received on Soap Designs Posted by BeautyCare.com
Surrey, Inc. Reports Patents Received on Soap Designs
LEANDER, Texas, Sept. 6 /PRNewswire/ -- Surrey, Inc. (Nasdaq: SOAP) announced today that the Company has received patents on a number of its soap product designs.
Mr. Martin van der Hagen, President stated: "Surrey has recently received four design patents from the United States Department of Commerce Patent and Trademark office. As an industry leader in creating new and exciting designs, processes and formulations, we decided over a year ago to protect our position with patents.
"We currently have six additional patent applications under review, one of the most unique of these, a dual action transparent and low ph syndet combo bar, which was recently successfully manufactured and shipped to one of our customers, Arbonne International." Mr. van der Hagen further stated: "By patenting our inventions we believe that we are creating an asset of greater unique long lasting value, which in turn creates greater value for Surrey, Inc. shareholders."
Surrey's executive offices are located at 13110 Trails End Road, Leander, Texas.
SOURCE Surrey, Inc.
09/06/2000
CONTACT: Mark van der Hagen of Surrey, Inc., 512-267-7172; or John McNamara of John McNamara Advertising, Inc., 212-509-7779/
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Surrey has been awarded the exclusive license in soaps and candles for the 2002 Salt Lake City Winter Olympics to be held February 8th thru the 24th. Product is now available for regional stores. National distribution and promotion is expected to start the fall of 2001.
Surrey introduces the Get Clean Bath Collection, a "Bath & Body Works" type "wow" line of specialty glycerin soaps which are available in fragrances, shapes, colors, layers, tye-dye, seasonal, everyday, etc. The line you need for a "Bath & Body Works" type selection of soaps.
Surrey introduces Hill Country, a 22 oz. Glass Candle line. Surrey's introduction of a high-quality "Yankee Candle" type product. "Yankee" can only be found in specialty stores and has high-fragrance content. Hill Country Candles have the same high-fragrance content - 7% and a high-quality long burning wax but available at virtually half the retail cost.
Surrey, Inc. specializes in the development and manufacturing of high-quality transparent glycerin soaps, candles, home fragrances and men's shaving products. Since 1972, the company has built successful retail brands and a strong private label and contract manufacturing business with high-profile customers such as Bath & Body Works, Elizabeth Arden, Avon, Ralph Lauren, Chanel, Clinique, Disney and Martha Stewart.
For more information contact Surrey, Inc. at 800-856-0956 or visit www.surreysoap.aa.psiweb.com.
http://www.ecrm-online.com/Expose/V4_10/Table_Profiles/Surry.html
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Surrey, Inc. To Sell Assets To California Manufacturer
2001 Apr 24 1:52 PM
Surrey, Inc. announced that it has signed a definitive agreement to sell its assets to Jean Charles Inc., a California-based manufacturer of bath and body items. Terms were not disclosed.
Surrey Announces Delisting from the Nasdaq SmallCap Market
2000 Oct 20 12:00 PM
Surrey, Inc. announced that it has been notified by The Nasdaq Stock Market that it is not in compliance with Nasdaq's requirements for continued listing with respect to its per share closing price. As a result, the Company's common stock is being delisted from trading on The Nasdaq SmallCap Market, effective at the start of trading on October 20, 2000.
http://yahoo.multexinvestor.com/KeyDevelopments.aspx?target=/stocks/quickinfo/keydevelopments&ti....
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Investors foreclose on former Surrey plant, then buy it for $1.5M
Matt Hudgins
Austin Business Journal Staff
Austin investors have foreclosed on a former soap and candle manufacturing plant in Leander, but real estate brokers say few local properties are anywhere close to the same fate.
Trails End Warehouse LLC bought the note on the former home of Surrey Inc. for an undisclosed sum from lender Chase Manhattan Mortgage Corp. of Houston earlier this year. The local partnership then foreclosed on Surrey, the company that occupied the 93,000-square-foot building at 13110 Trails End Road in Leander through mid-2001.
Surrey Inc. made branded and private-label glycerin and specialty soaps until owners sold the company's assets to Thermal, Calif.-based Jean Charles Inc. in 2001. Jean Charles is a privately held company that produces bath and body items. Executives with Surrey couldn't be reached for comment.
After foreclosing, the three partners in Trails End Warehouse took the property through a foreclosure sale April 1 on the steps of the Travis County Courthouse. The partners ended up buying the property for $1.5 million.
Jim Cotton, one of the three new owners, is marketing the buildings and 13 acres for sale with an asking price of about $2 million. Cotton is an associate broker at Austin real estate company McAllister & Associates. G&M Texas Inc. does business as McAllister & Associates. "We're going to be marketing it probably for about half of replacement costs," Cotton says. "It's on the tax rolls for more than $3.5 million."
http://austin.bizjournals.com/austin/stories/2003/04/07/story6.html
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Surrey appears to have no assets, to not actively be in business, to not have filed any SEC documents in at least a couple of years, and to have been delisted. But, no stock is perfect: they all have problems of one kind or another. It is just a matter of risk tolerance and management.
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Caveat: As with all stocks, everyone should do their own research and due diligence and make their own decisions. Nothing posted here should be relied upon as a basis for buying or selling this company's stock. Nothing posted here should be viewed as a recommendation to buy or sell this stock.
Disclosure: I do not currently own any stock of this company and I undertake no obligation to update this statement if I decide to buy or sell in the future. My opinions, statements, and views should never be interpreted or understood, directly or indirectly, to suggest that I have any inside information. If I had such information, I would neither be posting here nor buying or selling this stock.
