Bennett Environmental In Discussions With OSC To Resolve Analyst Disclosure Issue.Business Editors OAKVILLE, Ontario--(BUSINESS WIRE)--Jan. 29, 2004 Bennett Environmental Bennett Environmental TSX: BEV AMEX: BEL is a Canadian company based in Oakville, Ontario. It specializes in the recovering of soils contaminated with chlorinated hydrocarbons, including PCB's and PCP's, Dioxins and Furans. Inc. today announced that it is in discussions with staff of the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. concerning the resolution of a disclosure issue raised by staff of the OSC O.S.C. n. short for Order to Show Cause. (See: Order to Show Cause) . The issue arises from information that was disclosed in response to questions posed in a telephone call with a research analyst after the release of the Company's 1999 annual results in March of 2000. OSC staff has suggested that some of the information conveyed in response to the analyst's questions had not been publicly disclosed and might have been material. No other issues are under discussion with OSC staff. In the absence of a resolution approved by the Commission, a hearing would have to be held to determine whether the disclosure satisfied Ontario securities law governing the communication of undisclosed material information. The Company is co-operating with OSC staff to achieve a satisfactory resolution of this issue. About Bennett Environmental Inc. Bennett Environmental Inc. is a North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. leader in high temperature treatment services for the remediation of contaminated contaminated, v 1. made radioactive by the addition of small quantities of radioactive material. 2. made contaminated by adding infective or radiographic materials. 3. an infective surface or object. soil and has provided thermal solutions to contamination problems throughout Canada and the US. Bennett Environmental's proprietary technology provides for the safe, economical and permanent solution to contaminated soil. Independent testing has consistently proven that the technology operates well within the most stringent criteria in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . |
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