SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : PESI- -- Ignore unavailable to you. Want to Upgrade?


To: dwight vickers who wrote (22)3/21/1998 3:16:00 PM
From: ron peterson  Respond to of 34
 
Thanks for the info. A least PESI has been around for a while. looks as if it could move up soon.

Ron



To: dwight vickers who wrote (22)4/9/1998 10:44:00 AM
From: Odessa  Respond to of 34
 
Perma-Fix Environmental Services Completes Acquisition of Action Environmental Inc.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--April 9, 1998--Perma-Fix Environmental Services Inc. (NASDAQ:PESI) (GERMANY:PES.BE) has completed the acquisition of certain assets of Action Environmental Inc. (Action) of Miami, for a combination of stock and debt assumption, as announced Thursday by Dr. Louis F. Centofanti, president of Perma-Fix.

The assets Perma-Fix acquired include patents, equipment, customer lists and related items.

Action provides oil filter collection and processing services to approximately 700 customers in South Florida. Perma-Fix provides comprehensive waste management services that include wastewater treatment, used oil recycling, hazardous waste recycling and disposal, non-hazardous waste recycling and disposal, and transportation services to over 1,400 customers in South Florida.

"This acquisition will positively impact the profitability of Perma-Fix," Centofanti said. "It will allow us to benefit from the overall efficiencies of Action's patented technology which is both cheaper and easier to apply than other technologies in the market, and at the same time allow us to expand our growing customer base. In addition to bringing this technology to our current customers, we will be able to offer former Action customers a broad range of environmental services, all from a single source, Perma-Fix."

This release contains forward-looking statements that are subject to risks and uncertainties. Forward-looking statements include, but are not limited to the information concerning possible or assumed future results of operations of the company, the positive impact on profitability resulting from this acquisition and the company's ability to apply the technology acquired. While the company believes the expectations reflected in this news release are reasonable, it can give no assurance such expectations will prove to be correct. There are a variety of factors which could cause future outcomes to differ materially from those described in this release, including without limitation, future economic conditions, industry conditions, competitive pressures, the ability of the company to apply and market the technology and to achieve the positive financial objectives of management.

Perma-Fix Environmental Services Inc. provides hazardous and industrial wastewater and mixed waste management services. The company is widely recognized for solving complex waste problems with innovative technologies.

CONTACT:

Piedmont Consulting Inc. - Investor Relations

Telephone 404/233-6999

or

Dr. Louis F. Centofanti, PESI

Telephone 404/847-9990

KEYWORD: FLORIDA

BW1133 APR 09,1998