CET Environmental Services Inc. announces contract awards totaling $17.7 million -- record level of backlog.TUSTIN, Calif.--(BUSINESS WIRE)--July 3, 1996--CET Environmental Services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :ENV ENV Environment ENV Envelope ENV Environmental Science ENV Emissions Neutral Vehicle ENV École Nationale Vétérinaire (French) ENV Estimated Net Value ENV European Norm Voluntary ) Wednesday announced that despite the company's restatement of earnings for the year ended Dec. 31, 1995, and the quarter ended March 31, 1996, the outlook for continued strength in revenues and earnings remains intact. Steven Davis, CET CET abbr. Central European Time CET Central European Time CET n abbr (= Central European Time) → hora de Europa central CET abbr president and chief executive officer, stated: "This restatement was a one-time correction of an error in the way revenues were recognized for a major commercial project during these periods. Proper controls have been established to eliminate the possibility of its reoccurrence." CET's current contracted backlog is above the $100 million level, the highest in the history of the company and more than $500 million in commercial and government proposals are currently outstanding. CET has recently been awarded several government and commercial projects including a $7.5 million contract for a major commercial mining operation, a $5 million multi-year contract by the U.S. Department of Transportation, a $3.2 million contract by the San Francisco International Airport “SFO” redirects here. For other uses, see SFO (disambiguation). For the television series, see . , and a $2 million contract by the Port of Tacoma A major gateway to Asia and Alaska, the Port of Tacoma is a leading North American seaport, handling more than $35.6 billion in annual trade and nearly 2.1 million TEUs (Twenty-foot Equivalent container Units) in 2006. . These contracts are expected to provided significant revenues for the third and fourth quarters of 1996. In addition, CET is continuing to focus on the development of more profitable business sectors including water treatment and emergency response. CET conducts business in environmental remediation, water treatment and emergency response. The company has developed a broad range of expertise in technology-based environmental remediation techniques for both the public and private sectors throughout the United States and Latin America. CONTACT: CET Environmental Services Inc. Steven H. Davis, 303/331-0062 Matthew Clawson, 714/505-1800 (ext. 221) |
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