RECY NEWS
Monday August 4 1:49 PM EDT
Company Press Release
Source: Recycling Industries, Inc.
Recycling Industries, Inc. Announces Management Changes
ENGLEWOOD, Colorado, Aug. 4 /PRNewswire/ -- Recycling Industries, Inc., (Nasdaq:RECY) announced today that as part of a restructuring of its operating management team Thomas J. Wiens, Chairman and Chief Executive Officer, has reassumed the duties of President and Chief Operating Officer. Mr. Wiens said that the Company is negotiating with experienced industry executives to replace Michael I. Price who formerly held those positions. Mr. Price continues as a director of the Company.
Recycling Industries, Inc., is a full-service metals recycling firm actively pursuing the acquisition and integration of privately-owned metals recycling companies. In addition to ferrous and non-ferrous metals, it also processes to a lesser extent, paper and plastics. Based in Englewood, Colorado, the company currently owns and operates nine metals recycling facilities in Nevada, Texas, Iowa, Missouri, Georgia, and South Carolina.
The statements included in this press release concerning completion of the Addlestone acquisition, predictions of economic performance and management's plans and objectives constitute forward looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward looking statements. Factors which would cause or contribute to such differences include but are not limited to factors detailed in the Company's Securities and Exchange Commission filing; downturns in the Company's primary markets; disruptions to the Company's operations from acts of God or extended maintenance; and transportation difficulties.
SOURCE: Recycling Industries, Inc.
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