Addressing The Higher Margin Non Ferrous Biz...
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FOR IMMEDIATE RELEASE
ENGLEWOOD, Colo., July 6th
Recycling Industries, Inc.
Appoints Director for
Non-Ferrous Commercial
Development
Recycling Industries, Inc. (NASDAQ-NMS: RECY), a company engaged in
the acquisition, consolidation, and operation of metals recycling
companies, today announced that Daniel C. Gascoyne will join the
Company as Director of Non-Ferrous Commercial Development. Mr.
Gascoyne will be responsible for the coordination of non-ferrous
activities of Recycling Industries' 42 facilities and will provide
operational and commercial expertise in the Company's ongoing
acquisition program.
Mr. Gascoyne has spent 26 years in the metals recycling industry, and
joins Recycling Industries from Industrial Recycling Services, Inc. where
he served as President. Prior to his tenure at Industrial Recycling
Services, Mr. Gascoyne served as Vice President of Frank H Nott Inc.,
General Manager-West Coast Division of Commercial Metals Company,
and Purchasing Manager- Southern and Western Purchasing Areas
AMAX Copper Inc. He has served on the Board of Directors for the
Institute of Scrap Recycling Industries (ISRI), Chairman of the wire
chopping and copper subcommittee, and has been a speaker at several
congressional subcommittee hearings on government stockpiling of
metals.
Torn Wiens, Chairman and CEO or Recycling Industries, said, " We are
pleased that a long-time senior industry expert like Danny Gascoyne has
joined our fine management team. His extensive experience in the
non-ferrous side of our business will be instrumental as we continue to
execute our business plan of rapidly consolidating the best strategically
located metals recycling operations. We are dedicated to enhancing our
management team with executives of this caliber as Recycling Industries
positions itself as an industry leader."
Skip Rouster, Senior Vice President and Chief Operating Officer of
Recycling industries, Inc. commented, "Danny will be a great addition to
the management team. His depth and experience will assist in our
integration process and will expand our ability to more fully participate
in non-ferrous markets as we continue to execute our consolidation
strategy.
Recycling Industries, Inc. is a rapidly growing consolidator of metals
recycling companies, providing quality, value-added products and
services to its customers. Recycling Industries is actively pursuing the
acquisition, integration, and growth of metals recycling companies.
Based in Englewood; Colorado, Recycling Industries owns and operates
metals processing facilities in Arkansas, Georgia, Illinois, Iowa, Missouri,
Nevada, North Carolina, Oklahoma, South Carolina, Texas, Virginia, and
Wisconsin.
The statements included in this press release concerning predictions of economic performance
and management's plans and objectives constitute forward-looking statements made pursuant
to tile safe harbor provisions of Section 21E of tile Securities Exchange Act of 1934 as
amended, and Section 27A of the Securities Act of 1933, as amended These statements involve
risks and uncertainties that could cause actual results to differ materially from the
forward-looking statements Factors which could cause or contribute to such differences
include, but are not limited to, factors detailed in the Company's Securities and Exchange
Commission filings; downturns in the Company's primary markets; disruptions in the
Company's operations from acts of God or extended maintenance; transportation difficulties;
the termination of previously announced acquisitions; and the unavailability of financing to
complete management's plans and objectives, including the completion of previously announced
acquisitions.
For More Information Contact:
Thomas J. Wiens, Chairman and CEO, or
Alex Lagerborg, Director - Investor Relations
Recycling Industries, Inc.
9780 South Meridian Boulevard, Suite 180
Englewood, Colorado 80112
Tel: 303.790.7372
Fax: 303.790.4252
Internet: Investor Relations@Recy.com
Jim |
