American Ecology Landfill Signs New Disposal Agreements.Business Editors BOISE, Idaho--(BUSINESS WIRE)--Jan. 31, 2001 American Ecology Corporation (Nasdaq:ECOL ECOL es.comp.os.linux.* (newsgroups) ECOL Emmanuel Church of Lakewood (San Francisco, CA) ) today announced a series of multi-year disposal contracts with new customers for disposal services at its El Centro El Centro (ĕl sĕn`trō), city (1990 pop. 31,384), seat of Imperial co., SE Calif., near the Mexican border; inc. 1908. It is a processing and shipping center for a heavily irrigated agricultural region (vegetables, grain, cotton, municipal solid waste “Municipal waste” redirects here. For other uses, see Municipal waste (disambiguation). Municipal solid waste (MSW) is a waste type that includes predominantly household waste (domestic waste) with sometimes the addition of commercial wastes collected by a landfill in South Texas. Contracts were recently inked with the City of Benavides, the City of San Diego, Brooks County and Frontier Waste Services. The latter company recently purchased a major solid waste hauling operation in the Corpus Christi market. "These contracts are an important step forward for the El Centro landfill," stated American Ecology Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jack Lemley, adding, "We are very pleased with the progress made since we opened this state-of-the-art disposal facility in July of 2000." The landfill is operated by Texas Ecologists, Inc. ("TECO (Text Editor and COrrector) A text editor written in 1963 by Dan Murphy at MIT for editing paper tape on a Digital PDP-1 computer (it was originally called "Tape Editor and Corrector"). "), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of US Ecology, Inc., a subsidiary of Boise-based American Ecology. The El Centro Landfill also receives waste from the City of Bishop, the City of Driscoll, the City of Mathis, the City of Robstown and numerous commercial and industrial customers. Located 10 miles west of Corpus Christi, El Centro is planted at the center of an eight county market area with a population of approximately 500,000. The new landfill is located near Texas Ecologists' 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, which primarily serves the refining and chemical industries concentrated on the Texas Gulf Coast. "These disposal agreements bolster El Centro's strategic position as the low cost provider of environmentally sound municipal waste landfill services in the South Texas Coastal Bend region," Lemley concluded. American Ecology Corporation, through its subsidiaries, provides a variety of 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, such as medical and academic institutions, petro-chemical facilities, and utilities. The company provides scientific solutions that protect people and the environment. Headquartered in Boise, Idaho, the Company is one of the oldest and most experienced waste services companies 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 in these forward-looking statements and there can be no assurance given that the Company will receive disposal contracts for the solid waste services offered. American Ecology has no duty or obligation to update any forward-looking statement made herein. Please refer to American Ecology Corporation's most recent quarterly and annual reports filed with the Securities and Exchange Commission. |
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