(Rescon International) was registered with the Securities and Exchange Commission in December 2, 1992. It was a humble beginning for the company, which started doing materials and equipment trading in the coal mining industry as agents for several foreign equipment manufacturers. With the closing down of several coal mines in 1996, the company shifted its focus to the construction industry serving as distributors to various manufacturers of pipes and plumbing supply materials. We also ventured into construction and secured and completed contracts for residential projects and plumbing works in Filinvest Alabang. These had been our core business up to 1997. In 1997, we had further expanded our market coverage to the hydrocarbon, petrochemical and chemical industries. Rescon started supplying hardware and construction materials to companies like Pilipinas Shell Petroleum Corporation and Caltex (Philippines), Inc. We had diversified our market interest and secured several contracts for the supply of corporate giveaways. These new business ventures propelled the company through rough times during the Asian currency crises of 1997. With a new and revitalized management and marketing team, we steadily built our business and product portfolio with focus on the hydrocarbon, petrochemical, chemical, compressed gas, and mining industries. At present we have around 10 regular employees and we continue to expand and diversify our market coverage having an extensive line of electromechanical, water and wastewater, and environment, health and safety products. Construction remains to be one of our core businesses since 1997 and we remain to be active in doing projects for residential and commercial buildings, renovation works, plumbing and electrical, etc.
