American Ecology Dedicates Idaho Rail Facility Expansion; Investment Increases Throughput Capacity at Grand View, Idaho Disposal Site.Business Editors BOISE, Idaho--(BUSINESS WIRE)--Dec. 10, 2002 Steve Romano, President and Chief Executive Officer of American Ecology Corporation (Nasdaq: ECOL ECOL es.comp.os.linux.* (newsgroups) ECOL Emmanuel Church of Lakewood (San Francisco, CA) ), was joined today by several members of the Company's Board of Directors in dedicating subsidiary US Ecology Idaho's recently expanded rail transfer station. The transfer facility, located next to a major east-west railroad line, serves the Company's hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. disposal facility near Grand View, Idaho Grand View is a city in Owyhee County, Idaho, United States. The population was 470 at the 2000 census. Geography Grand View is located at (42.984803, -116.093277)GR1. . "This rail transfer facility expansion demonstrates American Ecology's commitment to more efficiently serve our government and private industry customers," Romano stated, adding, "Rapid railcar turnaround is particularly important to environmental clean-up projects facing tight schedules and railcar availability constraints." Approximately $246,000 was invested in the project, adding 3,000 feet of new track and a second rail line switch. The expansion almost triples the number of railcars that can be handled at one time by the rail facility, which employs eight full time employees. American Ecology Corporation, through its subsidiaries, provides radioactive, PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. , hazardous and non-hazardous waste services to commercial and government customers throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , such as nuclear power plants, steel mills, medical and academic institutions and petro-chemical facilities. Headquartered in Boise, Idaho, American Ecology 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 expansion of the Company's Idaho rail transfer facility will generate increased revenue or earnings, or that the Company can successfully implement its growth strategy and generate 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 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. , and most recent Form 10-Q Form 10-Q See 10-Q. filed with the Securities and Exchange Commission. |
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