Perma-Fix Completes Sale of Dayton Industrial Facility for $2.1 Million |
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Perma-Fix Environmental Services, Inc.
6075 Roswell Rd. N.E., Suite 602
Atlanta, GA, 30328
USA
Press release date: March 17, 2008
ATLANTA, March 17 -- Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) today announced that it has completed the sale of Perma-Fix of Dayton, Inc., one of the company's Industrial Segment facilities located in Dayton, Ohio, to OGM, LTD. for approximately $2.1 million in cash, subject to certain possible working capital adjustments within 90 days of closing, and the assumption of certain liabilities. OGM, LTD. is an environmental services company located in Columbus, Ohio.
Dr. Louis F. Centofanti, Chairman and Chief Executive Officer, stated, "The sale of Perma-Fix of Dayton marks the second industrial facility we have sold this year. We are moving forward with the planned sale of our remaining facilities in a systematic way, in order to maximize value from these assets. We plan to use the proceeds of this transaction to further enhance our balance sheet as we concentrate our efforts on the growth opportunities within our Nuclear Segment."
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.
Please visit us on the World Wide Web at http://www.perma-fix.com/.
Source: Perma-Fix Environmental Services, Inc.
CONTACT: Dr. Louis F. Centofanti, Chairman and CEO, Perma-Fix Environmental Services, Inc., +1-770-587-5155
David K. WaldmanUS Investor Relations of Crescendo Communications, LLC +1-212-671-1020 x101
Herbert StraussEuropean Investor Relations, +43 316 296 31, herbert@eu-ir.com
Web site: http://www.perma-fix.com/
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