American Ecology Resolves Nasdaq Listing Deficiency.BOISE, Idaho -- American Ecology Corporation (Nasdaq:ECOL ECOL es.comp.os.linux.* (newsgroups) ECOL Emmanuel Church of Lakewood (San Francisco, CA) ) has been notified by the Nasdaq stock market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. that the Company now meets continued listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. for "independent director approval of executive compensation" set forth in Marketplace Rule 4350c(3). The Company had received a Nasdaq staff deficiency notification on April 26, 2006. Effective May 8, 2006, Kenneth Leung resigned from the compensation committee of the Board of Directors. Nasdaq subsequently determined that the Company complies with the Marketplace Rule 4350c(3). American Ecology's Board of Directors will make committee assignments at its next regularly scheduled meeting following the Company's annual shareholders meeting on May 25, 2006 in Chicago. 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, such as nuclear power plants, steel mills, medical and academic institutions, refineries and chemical manufacturing facilities. Headquartered in Boise, Idaho, the Company is the nation's oldest radioactive and 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. services provider, having operated for more than fifty years. 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 the company will continue to comply with Nasdaq rules. For information on other factors that could cause actual results to differ from expectations please refer to American Ecology Corporation's 2005 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. and quarterly report on Form 10-Q filed with the Securities and Exchange Commission on May 2, 2006. |
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