Rule 424(b)(3)
Registration No. 333-89801
HI-RISE RECYCLING SYSTEMS, INC.
SUPPLEMENT NO. 1 DATED FEBRUARY 25, 2000
TO PROSPECTUS DATED JANUARY 25, 2000
The Prospectus of Hi-Rise Recycling Systems, Inc. (the "Company"),
dated January 25, 2000, relating to the Company's common stock, $.01 par value
per share (the "Common Stock"), is hereby supplemented as follows:
1. SELLING STOCKHOLDERS.
On February 15, 2000, Ron McCracken ("McCracken") gifted 133,400 shares
of the Common Stock to certain employees (collectively the "Selling
Stockholders").
The following table sets forth, as of February 25, 2000, certain
information with respect to the ownership of the Common Stock by the Selling
Stockholders, and supersedes the table set forth on page 11 of the Prospectus.
<TABLE>
<CAPTION>
OWNERSHIP OF SHARES OWNERSHIP OF SHARES
OF COMMON STOCK OF COMMON STOCK
NAME AND ADDRESS PRIOR TO OFFERING NUMBER OF AFTER OFFERING(1)
OF SELLING ----------------------- SHARES -----------------------
SHAREHOLDERS SHARES PERCENTAGE OFFERED SHARES PERCENTAGE
- ----------------------------------- --------- ---------- ----------- ------ ----------
<S> <C> <C> <C> <C> <C>
Ronald J. McCracken................ 2,961,805 16% 2,961,805 0 0
120 Allan Street
P.O. Box 2049
Easley, South Carolina 29641
Maxwell W. Croy.................... 100,000 * 100,000 0 0
1801 W. Berteau Ave.
Chicago, Illinois 60613
Roy C. Young, Jr................... 84,400 * 84,400 0 0
Highway 19E N. Toe River
Plum Tree, North Carolina 28664
James Warren Hill.................. 50,000 * 50,000 0 0
4241 N. Ravenswood Ave.
Chicago, Illinois 60613
Danny V. James 35,000 * 35,000 0 0
102 E. Shefford Street
Greer, South Carolina 29650
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OWNERSHIP OF SHARES OWNERSHIP OF SHARES
OF COMMON STOCK OF COMMON STOCK
NAME AND ADDRESS PRIOR TO OFFERING NUMBER OF AFTER OFFERING(1)
OF SELLING ----------------------- SHARES -----------------------
SHAREHOLDERS SHARES PERCENTAGE OFFERED SHARES PERCENTAGE
- ----------------------------------- --------- ---------- ----------- ------ ----------
<S> <C> <C> <C> <C> <C>
Ronald G. Clark 12,000 * 7,000 0 0
P.O. Box 640
Mebane, North Carolina
27302
James B. Hill Trust (2)............ 10,000 * 10,000 0 0
4241 N. Ravenswood Ave.
Chicago, Illinois 60613
Carolyn A. Hill Trust (2).......... 10,000 * 10,000 0 0
4241 N. Ravenswood Ave.
Chicago, Illinois 60613
Amy Hill Trust (2)................. 10,000 * 10,000 0 0
4241 N. Ravenswood Ave.
Chicago, Illinois 60613
Katherine Hill Trust (2)........... 10,000 * 10,000 0 0
4241 N. Ravenswood Ave.
Chicago, Illinois 60613
Robert W. Hill Trust (2)........... 10,000 * 10,000 0 0
4241 N. Ravenswood Ave.
Chicago, Illinois 60613
James E. Hannon 9,000 * 4,000 0 0
45 Covey Lane
Holland, Pennsylvania 18966
Charles D. Clark 7,000 * 7,000 0 0
118 Foster Avenue
Easley, South Carolina
29642
Dan L. Tunnell 7,000 * 7,000 0 0
213 Delane Drive
Trussville, Alabama
35173
James C. Williams 7,000 * 7,000 0 0
206 Waterford Club Drive
Lithia Springs, Georgia
30122
Thomas A. Yost 7,000 * 7,000 0 0
44 Landings Lane
Ormond Beach, Florida
32174
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OWNERSHIP OF SHARES OWNERSHIP OF SHARES
OF COMMON STOCK OF COMMON STOCK
NAME AND ADDRESS PRIOR TO OFFERING NUMBER OF AFTER OFFERING(1)
OF SELLING ----------------------- SHARES -----------------------
SHAREHOLDERS SHARES PERCENTAGE OFFERED SHARES PERCENTAGE
- ----------------------------------- --------- ---------- ----------- ------ ----------
<S> <C> <C> <C> <C> <C>
Randy R. Lewis 7,000 * 7,000 0 0
4326 Highway 86
Easley, South Carolina
29642
David L. McInturff 7,000 * 7,000 0 0
206 Camperdown Court
Easley, South Carolina
29642
Robert G. Maddox, Jr. 7,000 * 7,000 0 0
5445 Glenview Drive
Hickory, North Carolina
28602
Timothy S. Gentry 7,000 * 7,000 0 0
105 Edgemont Street
Easley, South Carolina
29642
Mark S. Liddell 4,000 * 4,000 0 0
320 Inbird Bridge Trail
Wanconoa, Illinois
60084
Earl T. Barnum 4,000 * 4,000 0 0
111 Magnolia Avenue
Easley, South Carolina
29642
George B. Chandler 3,500 * 3,500 0 0
212 Latham Terrace
Easley, South Carolina
29640
Terry D. Towe 3,500 * 3,500 0 0
111 Sherman Court Ext.
Piedmont, South Carolina
29673
Henry E. Tatum, III 3,500 * 3,500 0 0
2410 E. Lee Road
Taylors, South Carolina
29687
Jean F. Pace 1,700 * 1,700 0 0
100 Franklin Drive
Easley, South Carolina
29642
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
OWNERSHIP OF SHARES OWNERSHIP OF SHARES
OF COMMON STOCK OF COMMON STOCK
NAME AND ADDRESS PRIOR TO OFFERING NUMBER OF AFTER OFFERING(1)
OF SELLING ----------------------- SHARES -----------------------
SHAREHOLDERS SHARES PERCENTAGE OFFERED SHARES PERCENTAGE
- ----------------------------------- --------- ---------- ----------- ------ ----------
<S> <C> <C> <C> <C> <C>
Deborah B. Lyda 1,700 * 1,700 0 0
155 Evergreen Acres Road
Pickens, South Carolina
29671
Karen D. Stansell 1,700 * 1,700 0 0
108 Nicholas Court
Easley, South Carolina
29640
Sandra N. Tant 1,700 * 1,700 0 0
276 Ridgefield Circle
Easley, South Carolina
29640
Edward Reed 1,700 * 1,700 0 0
117 Piney Trail
Liberty, South Carolina
29657
Rebecca L. Lemar 1,700 * 1,700 0 0
111 Magnolia Avenue
Easley, South Carolina
29642
Carlon S. Thomas 1,700 * 1,700 0 0
708 East A Avenue
Easley, South Carolina
29640
Margaret W. Cauthen 1,000 * 1,000 0 0
1581 Mt. Olive Church Road
Newton, North Carolina
28613
</TABLE>
- ------------------
* Represents ownership of less than 1%.
(1) Assumes all shares registered hereunder have been sold. Because the selling
shareholders may sell all, some or none of their shares, no actual estimate
can be made of the aggregate number of shares that are to be offered or the
number or percentage of shares that the selling shareholders will own upon
completion of the offering to which this prospectus relates.
(2) James B. Hill and Marvin S. Fenchel are the trustees of these trusts.
