AERT Completes Acquisition of 18.6 Acres Manufacturing Site for Third Composite Plant.Business Editors & Environmental Writers SPRINGDALE Springdale, city (1990 pop. 29,941), Benton and Washington counties, NW Ark.; inc. 1878. It is a poultry-processing center, and there is vegetable canning, printing, and the manufacture of air conditioning ducts, metal and paper products, machinery, transportation , Ark.--(BUSINESS WIRE)--March 10, 2000 Advanced Environmental Recycling Technologies Recycling technology Methods for reducing solid waste by reusing discarded materials to make new products. The three integral phases of recycling are the collection of recyclable materials, manufacture or reprocessing of these materials into new products, and Inc. (Nasdaq:AERTA AERTA Army Environmental User Requirements and Technology Assessments (US Army) ) announced today that the Company has completed the acquisition of an 18.6 acre production site adjacent to the company's Springdale facility. "The acquisition of the adjacent manufacturing site is intended to accommodate a brand new high-output plant, to again double the total production of the Company over the next year. The site and the plans for the 3rd composite plant have also received appropriate zoning approval from the city of Springdale. The company will now combine the two adjoining sites, comprising approximately 28.7 acres and later open up a new access road to Huntsville Huntsville, town, Canada Huntsville, town (1991 pop. 14,997), SE Ont., Canada, on the Muskoka River. It has lumber mills and a woodworking plant, but it is sustained mainly by its year-round tourist trade. Street in Springdale. "AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team is in the process of increasing production to service the tremendous demand for our products. Acquiring the plant site, completes another step in our journey, and allows AERT to continue to increase market share. At this point, the only factor limiting our revenue is our production capabilities," stated Joe G. Brooks, Chairman. Brooks added, "In addition to the construction of a 3rd facility, we have taken a number of steps to increase production in the near future. We have recently added a sixth production line at the Springdale facility that should be operational by the first week of April, and recently completed a comprehensive production upgrade at our existing facilities in Springdale and Junction. Modifications in production equipment and methodology will result in a one time equipment write off during the 4th quarter, yet the changes we have made have already resulted in record sales of over $700,000 for the week ending March 4, 2000." Additional information will be forthcoming in the near future. Certain of the statements made in this press release by Joe G. Brooks are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and other factors that could cause or contribute to actual results differing materially from such forward-looking statements are discussed in greater detail in the Company's Securities Commission filings. |
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