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CHEMFIX TECHNOLOGIES REPORTS $550 MILLION LAWSUIT DISMISSED

 CHEMFIX TECHNOLOGIES REPORTS $550 MILLION LAWSUIT DISMISSED
 METAIRIE, La., May 20 /PRNewswire/ -- Chemfix Technologies, Inc. (NASDAQ: CFIX) today announced that a lawsuit filed by Dano Resource Recovery, Inc. (Dano) against the company in 1984 seeking damages of $550 million, was dismissed by Dano, without prejudice, on May 19, pursuant to a Stipulation of Dismissal under the Rules of the Superior Court of the District of Columbia.
 Daniel N. Silverman III, chairman, president and chief executive officer, stated that while the company had always believed the allegations to be totally without merit, it continued to report the pendency of the litigation on its filings with the Securities and Exchange Commission for the past eight years. He added that the company was extremely pleased to see the matter resolved.
 Chemfix Technologies, Inc. is an environmental services company that provides analysis and treatment of hazardous and nonhazardous waste materials for industry and government. The company's key technology, the Chemfix(R) chemical fixation process, renders numerous hazardous and nuisance wastes less hazardous or harmless through a series of chemical reactions that use patented and proprietary reagent formulations.
 -0- 5/20/92
 /CONTACT: Gloria J. Newbern of Chemfix, 504-831-3600/
 (CFIX) CO: Chemfix Technologies, Inc.; Dano Resource Recovery, Inc. ST: Louisiana IN: CHM SU:


EA-BR -- AT002 -- 6217 05/20/92 11:57 EDT
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Publication:PR Newswire
Date:May 20, 1992
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