January 23, 2007, Detroit, Michigan – Ferrous Processing & Trading’s Vice President and General Manager of Canadian Operations Sheldon Jarcaig has been selected as vice president of the Canadian Association of Recycling Industries (CARI). In this capacity, Jarcaig also serves as the chairman of the Policy and Planning Committee and is a member of the Board of Directors.

The Canadian Association of Recycling Industries is the national organization of Canadian recycling industries. It was founded in 1941 after the federal government sent out an urgent request to Canada's leading scrap processors to help in the war effort by organizing into a unified force to collect and process scrap for Canadian metallurgical plants. Today, it is comprised of companies ranging from individual scrap collectors to technologically advanced, capital intensive processing plants. Members are engaged in the recycling of all commodities, but the majority deal primarily or exclusively in metals.

The fundamental purpose and mission of the Canadian Association of Recycling Industries is to promote the optimal net economic and social impact from commercial recycling activities.

Ferrous Processing & Trading is an affiliate of Soave Enterprises, L.L.C., www.soave.com. Soave Enterprises is a diversified management and investment company founded by Detroit businessman Anthony L. Soave that provides strategic planning, financial and other management resources to its affiliated business ventures in the real estate, automotive retailing, beer distribution, scrap metal, industrial services and transportation industries, among others. Recently, Forbes Magazine ranked Soave Enterprises as the 192nd largest privately held company in the United States.