Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

Pure Earth, Inc. Announces Award of $14 Million Project

Posted : Wed, 04 Nov 2009 21:04:09 GMT
Author : Pure Earth, Inc.
Category : Press Release
News Alerts by Email ( click here )
News | Home
TREVOSE, Pa., Nov. 4 PA-Pure-Earth-new-prj

TREVOSE, Pa., Nov. 4 /PRNewswire-FirstCall/ -- Pure Earth, Inc., (OTC Bulletin Board: PREA), today announced that it has been awarded a large environmental project involving the construction of a new basketball arena for the New Jersey NETS basketball team in Brooklyn, New York. The estimated project value is $14 million and should be completed by late 2010. The project is slated to begin in late 2009. Pure Earth was able to secure this project as a result of its strategically located network of treatment and recycling facilities that can treat and beneficially reuse the contaminated soils that will be removed from the site. Pure Earth has previously worked with the engineering firm and general contractor to perform projects of this size in the past, and was selected because of its superior service and emphasis on recycling in an economically attractive manner.

The Company's CEO, Mark Alsentzer, stated, "This is a huge award in what has been a very challenging year for Pure Earth, Inc. We have continued to focus on establishing a superior network of facilities which can provide cost-effective services in the market place." The Company believes that this award, along with the increased bidding activity and anticipated future project awards, should return its base business to levels it achieved in 2007 when the Company had $6.9 million of positive cash flow.

Alsentzer further stated, "The return of our construction-related work is a welcome sign of good things to come." The Company has seen a recent increase in newly awarded projects which had been absent for most of 2009. It is hopeful that this trend will continue as the stimulus money begins to filter down to many public projects.

Disclosure regarding forward looking statements:
This document includes "forward-looking statements" as defined by federal securities laws, with respect to our financial condition, results of operations and business, and our expectations or beliefs concerning future events. Words such as, but not limited to, "believe", "expect", "anticipate", "estimate", "intend", "plan", "targets", "likely", "will", "would", "could", and similar expressions or phrases, identify "forward-looking statements".
All forward-looking statements involve risks and uncertainties. Many risks and uncertainties are inherent in the environmental services industry. Others are more specific to our operations. The occurrence of the events described, and the achievement of the expected results, depend on many events, some or all of which are predictable or within our control. Actual results may differ materially from expected results.
SOURCE Pure Earth, Inc.


Copyright © 2008 PR Newswire. All rights reserved.

Share/Save/Bookmark

Article : Pure Earth, Inc. Announces Award of $14 Million Project
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

Get Moving Catalog Launches DiabetesMiami.Com, A Fundraising Initiative with the American Diabetes Association of Southeast Florida.
(EMAILWIRE.COM, November 22, 2009 ) Miami, Florida - As charities and non-profits struggle in difficult economic times, many are seeking new approaches to improve their fundraising efforts. In that vein, the American Diabetes Association of Southeas..

StockSource.us Reports Green Energy Stock to Explode
(EMAILWIRE.COM, November 22, 2009 ) Del Mar, CA – The Environmental Protection Agency reports one of the biggest challenges facing livestock producers is managing manure and process water in a way that protects environmental quality and controls odo..

LiquidStockReport.com - Green Energy Live provides Engineering Assistance.
(EMAILWIRE.COM, November 22, 2009 ) Del Mar, CA - Being a leader in the biomass-to-ethanol industry and a provider of complete equipment packages for biomass energy systems, Green Energy Live provides engineering assistance, assists customers in appl..

GOOD MORNING -- November 22, 2009
This is PR NEWSWIRE -- transmitting news releases, advisories and other information to the news media around the United States since 1954. If you have questions regarding your PRN teleprinter, your PRN computer service, or if you wish to arrange to receive P...

iRateMyDate iPhone App Launches in the iTunes store
November 23rd marks the release of a new iPhone dating app for single men and women. iRateMyDate is designed to help singles Manage, Rate and Compare their dates. Single men and women have been known to have a mental checklist of qualities they are looking for in a date or mate and the iRateM...

ArchAngel Partners Announces the Opening of Sister Company Poway Weapons & Gear
SAN DIEGO, Nov. 22 /PRNewswire/ -- ArchAngel Partners Inc., a prominent executive protection and security consultation firm, serving elite celebrity clients and business professionals nationwide, announces the opening of its sister company Poway Weapons & Gear. ...

The Walt Disney Company China Announces Local Adaptation 'Disney High School Musical: China'
BURBANK, Calif. and SHANGHAI, Nov. 22 -- The Walt Disney Company in China today announced the start of production on its third local co-production project in just two years, "Disney High School Musical: China." Working with local partners Sha...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.