Amerex Group Signs Letter of Intent to Purchase Waste Treatment Facility
05 Settembre 2007 - 2:50PM
PR Newswire (US)
NEW YORK, Sept. 5 /PRNewswire-FirstCall/ -- Amerex Group, Inc.
(OTC:AEXG) (BULLETIN BOARD: AEXG) announced today that it has
entered into a Letter of Intent to purchase Perma-Fix Treatment
Services, Inc. of Tulsa, OK from Perma-Fix Environmental Services,
Inc. (Nasdaq: PESI; BSE: PESI; Germany: PES.BE). This transaction
is subject to Amerex completing its due diligence and the parties
entering into a definitive agreement. Perma-Fix Treatment Services,
housed on more than 25 acres, and licensed to accept an extensive
list of waste materials, includes a water treatment facility. The
initial terms of the agreement stipulate that Amerex will pay $2.2
million for all of the assets and the assumption of certain
liabilities of Perma-Fix Treatment Services, Inc., and final terms
will be determined prior to September 30, 2007 at which time the
parties are expected to have executed a definitive Purchase/Sale
Agreement. Nicholas Malino, CEO of Amerex stated, "This transaction
will greatly expand our service capabilities at our Tulsa facility
and accelerate our growth plans. We are still working out the
details and performing due diligence, however, it appears that once
the transaction is complete, it is expected to be immediately
accretive to earnings." Mr. Stephen Onody, Amerex's COO added,
"This transaction will give Amerex a second fully-licensed RCRA
facility, and since the facility has good rail access, it fits
nicely with our developing strategic relationship with
XInterchange." Dr. Louis F. Centofanti, Chairman and Chief
Executive Officer of Perma-Fix Environmental Services, Inc. said,
"We are pleased to be working with Amerex on this transaction,
which is another step in our plan to focus our efforts on our core
nuclear business." About Amerex Group, Inc: Amerex Group, Inc. is a
hazardous waste transportation and logistics firm with capabilities
to provide emergency response to environmental emergencies. The
Company has multiple facilities including a hazardous waste
treatment, storage and disposal facility licensed under the
Resource Conservation and Recovery Act Part B and a trucking fleet
to transport hazardous waste throughout the USA. Amerex is
headquartered in New York City with its administrative headquarters
in Tulsa, OK. About Perma-Fix Environmental Services: Perma-Fix
Environmental Services, Inc. is a national environmental services
company, providing unique mixed waste and industrial waste
management services. The Company has increased its focus on the
Nuclear services segment, which provides radioactive and mixed
waste treatment services to hospitals, research laboratories and
institutions, numerous federal agencies including DOE and the U.S.
Department of Defense and nuclear utilities. The Industrial
services segment provides hazardous and non-hazardous waste
treatment services for a diverse group of customers including
Fortune 500 companies, numerous federal, state and local agencies
and thousands of smaller clients. The Company operates nine major
waste treatment facilities across the country. This news release
includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, as amended, regarding, among other things,
our plans, strategies and prospects, both business and financial.
Although we believe that our plans, intentions and expectations
reflected in or suggested by these forward-looking statements are
reasonable, we cannot assure you that we will achieve or realize
these plans, intentions or expectations. Forward-looking statements
are inherently subject to risks, uncertainties and assumptions,
including whether this asset acquisition is consummated. Many of
the forward-looking statements contained in this news release may
be identified by the use of forward-looking words such as
"believe," "expect," "anticipate," "should," "appears," "planned,"
"will," "may," "intend," "estimated," and "potential," among
others. Important factors that could cause actual results to differ
materially from the forward-looking statements we make in this news
release include market conditions, our ability to negotiate
satisfactory terms to the transactions described in this release,
the completion of due diligence to our satisfaction, the successful
negotiation of definitive agreements, environmental and other
regulatory issues and our ability to finance and consummate the
transaction on terms we find acceptable, in addition to those set
forth in reports or documents that we file from time to time with
the United States Securities and Exchange Commission. All
forward-looking statements attributable to Amerex or a person
acting on its behalf are expressly qualified in their entirety by
this cautionary language. DATASOURCE: Amerex Group, Inc. CONTACT:
Mr. Nicholas Malino, CEO of Amerex, +1-212-508-4754; or Connie
Schadewitz, Investor Relations of Catalyst Financial Resources,
LLC, +1-360-828-8601, for Amerex ; or David K. Waldman, US Investor
Relations, Crescendo Communications, LLC, +1-212-671-1020 x101, or
Herbert Strauss, European Investor Relations, +43 316 296 316, ,
both for Perma-Fix Environmental Services, Inc. Web site:
http://www.amerexcos.com/ http://www.perma-fix.com/
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