AERT Expansion Update.Business Editors SPRINGDALE, Ark.--(BUSINESS WIRE)--July 23, 2002 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) ), a leader in wood composite technology, announced today that the Company has recently successfully completed the third-phase of its four-phase production expansion of its existing Springdale, Ark., facility. The fourth-phase has also commenced, which involves installing a fourth composite extrusion line and related equipment at the Springdale facility and adding additional plastic recycling Plastic recycling is the process of recovering scrap or waste plastics and reprocessing the material into useful products, sometimes completely different from their original state. capacity. "Since the first of the year, AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team has invested over $3 million in upgrading and increasing the extrusion capacity of our Springdale, Ark., facility," stated Joe G. Brooks, Chairman. "Furthermore, the additional production capacity that is underway will increase the overall existing Springdale plant capacity by 40%, when complete," said Brooks. Additional information will be forthcoming in the near future. AERT will be holding its annual shareholders meeting, Friday, July 26, 2002, at 10:30 a.m. at the Northwest Arkansas Holiday Inn Convention Center in Springdale. A shareholder update and plant tour via virtual video presentation will begin at 3:00 p.m. on Thursday, July 25 at the NWA NWA Northwest Airlines (ICAO code) NWA Northwest Arkansas NWA National Wrestling Alliance NWA National Weather Association NWA National Works Agency (Jamaica) NWA Network Analyzer Holiday Inn Convention Center followed by a shareholder reception from 6:00 p.m. - 8:00 p.m. For more information on the meetings, shareholders may call 479/756-7400. The statements in this press release regarding the Company's upgrade and completion schedule constitute "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 Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause the Company's actual completion results to differ materially. Such risks and uncertainties include the extent of market acceptance of the Company's products, the sensitivity of the Company's business to general economic conditions, and the highly competitive markets in which the Company operates. Additional information concerning these risks and uncertainties is contained in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Dec. 31, 2001. |
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