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ITEM 1. - BUSINESS
GENERAL
Smith Environmental Technologies Corporation (formerly Canonie
Environmental Services Corp.), a Delaware corporation (the "Company"), was
initially formed as a Michigan corporation under the former name in 1980. It
changed its name to Canonie Engineers, Inc. in 1983 and operated under that
name until a merger, effective July 25, 1986, of Canonie Engineers, Inc. with
and into Canonie Environmental Services Corp., with the Company being the
surviving corporation. The Company changed its name to Smith Environmental
Technologies Corporation on February 28, 1995. The principal business of the
Company is the performance of comprehensive environmental consulting,
engineering, and on-site remediation services throughout the United States for
clients, including federal, state and local government agencies, with regard to
properties contaminated with hazardous materials.
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