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November November 05, 2001 | November 06, 2001 | November 07, 2001 November
05, 2001 AMERICAN
ECOLOGY ANNOUNCES INTEGRATED NATIONAL SALES New
Structure To Better Market Diverse Service Offerings at Multiple Sites "An integrated national sales and marketing organization better positions American Ecology to aggressively market its unique mix of hazardous and low-level radioactive waste disposal services," Romano stated. Welling, promoted from within, takes charge of sales and marketing for the Company's three RCRA hazardous waste treatment and disposal facilities (located near Corpus Christi, Texas; Beatty, Nevada and Grand View, Idaho) and the Company's low-level radioactive waste disposal site near Richland, Washington. The Company's Oak Ridge, Tennessee-based low-level radioactive waste processing business and the El Centro, Texas municipal solid waste landfill will continue to maintain facility-specific sales teams. "Steve Welling brings 20 years of experience and a proven record of accomplishment in the marketplace," Romano added, concluding "Our restructured sales organization will better execute American Ecology's strategy of growing revenue and earnings by focusing on its core waste treatment and disposal business." Welling previously served as National Accounts Manager for Envirosource Technologies and Western Sales Manager for Envirosafe Services of Idaho. The latter company was purchased by American Ecology in February 2001 and renamed US Ecology Idaho, Inc. Prior to joining the recently acquired subsidiary, Welling managed new market development and sales for a national bulk chemical transportation company. American Ecology Corporation, through its subsidiaries, provides radioactive, PCB, hazardous and non-hazardous waste services to commercial and government customers throughout the United States, such as nuclear power plants, medical and academic institutions, steel mills and petro-chemical facilities. Headquartered in Boise, Idaho, the Company is the oldest radioactive and hazardous waste services Company in the United States. This press release contains forward-looking statements that are based on our current expectations, beliefs, and assumptions about the industry and markets in which American Ecology Corporation and its subsidiaries operate. Actual results may differ materially from what is expressed herein and no assurance can be given that the company can successfully implement its growth strategy or generate improved earnings. For information on factors that could cause actual results to differ from expectations, please refer to American Ecology Corporation's Report on Form 10-K filed with the Securities and Exchange Commission. November
06, 2001 AMERICAN ECOLOGY APPOINTS THOMAS VOLINI TO BOARD OF DIRECTORS Board
of Directors Also Accept Resignation of Jack Lemley "Tom Volini brings a wealth of successful experience in the waste industry to our Board," commented American Ecology President and Chief Operating Officer Steve Romano. "Tom's experience as a senior executive and Director of other publicly held environmental companies is a further, significant benefit to American Ecology and its shareholders," Romano added. Volini currently serves as Chairman, President and CEO of Town & Country Utilities, Inc. and President of Midwestern Electric, Inc. He previously served as Chairman of the Board and Chief Operating Officer of Continental Waste Industries, Inc., a public solid waste and environmental services firm. Volini has also served as an Officer and Director of Metropolitan Waste System, Inc., and as President of E & E Hauling, Inc. and American Environmental Construction Company, a large Midwest regional solid waste remedial construction, demolition and trucking company. Earlier, he was Vice President of numerous subsidiaries of Waste Management of North America. Volini received his Bachelor's degree from the University of Notre Dame and a Law degree from Loyola University of Chicago. The American Ecology Board of Directors also today accepted the resignation of Jack K. Lemley from the Board. Lemley had served as Chairman of the Board since 1995. Ed Heil, the company's largest shareholder, continues to serve as Chairman of the Board's Executive Committee. American Ecology Corporation, through its subsidiaries, provides radioactive, PCB, hazardous and non-hazardous waste services to commercial and government customers throughout the United States, such as nuclear power plants, medical and academic institutions, steel mills and petro-chemical facilities. Headquartered in Boise, Idaho, the Company is the oldest radioactive and hazardous waste services Company in the United States. This press release contains forward-looking statements that are based on our current expectations, beliefs, and assumptions about the industry and markets in which American Ecology Corporation and its subsidiaries operate. No assurance can be given that the Company can successfully implement its growth strategy, generate future earnings, or prevail in pending litigation. For information on factors that could cause actual results to differ from expectations, please refer to American Ecology Corporation's Report on Form 10-K filed with the Securities and Exchange Commission. November
07, 2001 AMERICAN ECOLOGY SELLS NUCLEAR EQUIPMENT SERVICE CENTER ASSETS TO ALARON CORPORATION Company
Continues Focus on Core Processing and Disposal Business "The successful sale of the principal assets of our Nuclear Equipment Service Center (NESC) to Alaron Corporation allows us to concentrate our focus on American Ecology's core waste processing and disposal businesses," Romano stated, adding "We are confident NESC's customers will be pleased with the commitment and services provided by Alaron Corporation." The Nuclear Equipment Service Center provided electric motor and equipment refurbishment and testing services for the nuclear utility industry. Equipment, contracts and other assets of the Nuclear Equipment Service Center were sold to Alaron for an unspecified amount of cash and future royalties. "The Center's building and infrastructure will now be available for other business uses," Romano added, concluding "This is a good deal for both companies." American Ecology Corporation, through its subsidiaries, provides radioactive, PCB, hazardous and non-hazardous waste services to commercial and government customers throughout the United States, such as nuclear power plants, steel mills, medical and academic institutions, steel mills and petro-chemical facilities. Headquartered in Boise, Idaho, the Company is the oldest radioactive and hazardous waste services Company in the United States. This press release contains forward-looking statements that are based on our current expectations, beliefs, and assumptions about the industry and markets in which American Ecology Corporation and its subsidiaries operate. Actual results may differ materially from what is expressed herein and no assurance can be given that the Company can successfully implement its core business strategy and improve future earnings. For information on factors that could cause actual results to differ from expectations, please refer to American Ecology Corporation's Report on Form 10-K filed with the Securities and Exchange Commission. |