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ORGANIZATION AND NATURE OF BUSINESS
9 Months Ended
Sep. 30, 2012
ORGANIZATION AND NATURE OF BUSINESS  
ORGANIZATION AND NATURE OF BUSINESS
1. ORGANIZATION AND NATURE OF BUSINESS
 
Amincor,  Inc.  ("Amincor" or the "Company") was incorporated on October 8, 1997
and was dormant from 2002 through the end of 2009.  Amincor is  headquartered in
New York,  New York.  During  2010,  Amincor  acquired  all or a majority of the
outstanding stock of the following companies:
 
     Baker's Pride, Inc. ("BPI")
     Epic Sports International, Inc. ("ESI")
     Masonry Supply Holding Corp. ("Masonry" or "IMSC")
     Tulare Holdings, Inc. ("Tulare Holdings", or "Tulare")
     Tyree Holdings Corp. ("Tyree")
 
On January 3, 2011,  the Company  acquired all of the assets and assumed some of
the liabilities of Environmental  Testing  Laboratories,  Inc. ("ETL Business").
The Company assigned the ETL Business to Environmental  Quality  Services,  Inc.
("EQS").
 
As of September 30, 2012, the following are operating subsidiaries of Amincor:
 
     Baker's Pride, Inc.
     Tyree Holdings Corp.
     Environmental Quality Services, Inc.
     Advanced Waste & Water Technology, Inc. ("AWWT")
     Amincor Other Assets, Inc. ("Other Assets")
     Amincor Contracts Administrators, Inc. ("Contract Admin")
 
BPI
 
BPI manufactures bakery food products, primarily consisting of several varieties
of sliced and  packaged  private  label  bread in  addition  to fresh and frozen
varieties of cookies for a national  supermarket  and its food service  channels
throughout  the Midwest and Eastern  region of the United  States.  BPI operates
facilities  in  Burlington  and  Clear  Lake,  Iowa  and  is   headquartered  in
Burlington, Iowa.
 
TYREE
 
Tyree performs  maintenance,  repair and construction services to customers with
underground  petroleum storage tanks and petroleum product dispensing equipment.
Complimenting these services, Tyree is engaged in environmental consulting, site
assessment, analysis and management of site remediation for owners and operators
of property  with  petroleum  storage  facilities.  Tyree  markets its  services
throughout the Northeast,  Mid-Atlantic and Southern  California  regions of the
United States to national and multinational enterprises, as well as to local and
national  governmental  agencies  and  municipalities.  The  majority of Tyree's
revenue is derived from customers in the  Northeastern  United  States.  Tyree's
headquarters are located in Mt. Laurel, New Jersey.
 
EQS
 
EQS provides  environmental  and  hazardous  waste  testing in the  Northeastern
United States, and is headquartered in Farmingdale, New York.
 
AWWT
 
AWWT  provides  waste and water  remediation  services in the  Northeast  United
States, and is headquartered in Farmingdale, New York.
 
OTHER ASSETS
 
Other  Assets  was  incorporated  to  hold  real  estate,   equipment  and  loan
receivables.  As of  September  30, 2012,  all of Other  Assets' real estate and
equipment are classified as held for sale.
 
CONTRACT ADMIN
 
Contract Admin was  incorporated to manage  contracts which were entered into by
Amincor but performed by Tyree.
 
DISCONTINUED OPERATIONS
 
During the year ended December 31, 2011,  Amincor  adopted a plan to discontinue
the operations of the following entities within twelve months:
 
     Masonry Supply Holding Corp.
     Tulare Holdings, Inc.
     Epic Sports International, Inc.
 
MASONRY
 
Masonry  manufactured  and  distributed  concrete and  lightweight  block to the
construction  industry.  IMSC also  operated a retail home center and  showroom,
where it sold  masonry  related  products,  hardware  and  building  supplies to
customers. Masonry's headquarters,  showroom and operating facility were located
in Pelham Manor, New York.
 
TULARE HOLDINGS
 
Tulare prepared and packaged frozen vegetables (primarily spinach), from produce
supplied by growers, for the food service and retail markets throughout southern
California and the southwestern United States.  Tulare sold to retailers under a
private  label,  and to food  brokers and retail  food  stores  under the Tulare
Frozen Foods label. Tulare's headquarters and processing facility was located in
Lindsay, California.
 
ESI
 
ESI was the worldwide  licensee for the Volkl and Boris Becker Tennis brands. In
2010, ESI became the exclusive sales representative of Volkl and Becker products
for Samsung C&T  America,  Inc.  ESI sold their  products  domestically  through
retailers  located  throughout the United States,  and  internationally  through
International  Distributors  who would sell to retailers in their local  markets
and on-line retailers. ESI was headquartered in New York, New York.