American Ecology Receives Extended Line of Credit; Company will grow its key business practices.BOISE, Idaho--(BUSINESS WIRE)--Feb. 21, 1996--American Ecology Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ECOL ECOL es.comp.os.linux.* (newsgroups) ECOL Emmanuel Church of Lakewood (San Francisco, CA) ) today announced the company has had an additional $5.2 million of credit extended to it by Texas Commerce Bank. "This financing provides American Ecology the necessary working capital to complete a recovery from a down business cycle and grow the company's core business competencies," said company 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. "Growing companies consume capital. Obviously, Texas Commerce Bank has confidence in American Ecology's recovery." American Ecology is a Boise-based hazardous waste disposal and service company. The company operates chemical waste facilities in Nevada and Texas, a low-level Radioactive Waste Noun 1. low-level radioactive waste - (medicine) radioactive waste consisting of objects that have been briefly exposed to radioactivity (as in certain medical tests) (LLRW) disposal site in the state of Washington and a nuclear waste decontamination decontamination /de·con·tam·i·na·tion/ (de?kon-tam-i-na´shun) the freeing of a person or object of some contaminating substance, e.g., war gas, radioactive material, etc. de·con·tam·i·na·tion n. and processing facility in Oakridge, Tennessee. The company's subsidiary, US Ecology, has a license application pending for a new LLRW disposal facility in Nebraska. Additionally, in 1993, US Ecology was licensed by the State of California to build and operate a LLRW disposal facility in Ward Valley, California. CONTACT: American Ecology Corp. Ed Gorman, 800/999-7160 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion