Prior to October, 1993, The Beard Company, then known as Beard Oil Company ("BOC"), was primarily an oil and gas exploration company. During the late 1960's we made the decision to diversify. In 1968 we started a hazardous waste management company, USPCI, Inc. ("USPCI"), which was partially spun off to shareholders in January 1984. Following two public offerings and several acquisitions USPCI became so successful that it subsequently listed on the New York Stock Exchange in 1986. It was acquired by Union Pacific Corporation in 1987-1988 for $396 million ($111 million to BOC stockholders for their residual 28% interest, of which $60 million was distributed to shareholders).
In 1989 BOC founded Beard Investment Company (now The Beard Company) for the purpose of building new businesses which Beard management believed to have either high growth potential or better-than-average profit potential. Our goal has been to nurture each investment to the point where it could sustain its growth through internal cash flow.
VP - Corp. Devel., Pres of Advanced Internet Technologies LLC and Sole manager of starpay com LLC
Riza E. Murteza
82
Chief Exec. Officer of Beard Sino-American Resources Co Inc., Pres of Beard Sino-American Resources Co Inc., Chief Exec. Officer of Beard Environmental Engineering L L C and Pres of Beard Environmental Engineering L L C
W. M. Beard
83
Chairman, Chief Exec. Officer, Chairman of Beard Oil and Chief Exec. Officer of Beard Oil
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