First Atlanta Securities Announces Investment Opinion on Perma-Fix Environmental Services.ATLANTA--(BUSINESS WIRE)--Aug. 24, 1999-- First Atlanta Securities Initiates Research Coverage of Perma-Fix 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. With a "BUY" Recommendation and a Six to Twelve Month Price Target of $3.00-$4.00 First Atlanta Securities, L.LC. announced today that it has initiated research coverage of PERMA-FIX ENVIRONMENTAL SERVICES, INC. (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 : PESI PESI Perma-Fix Environmental Services, Inc ) with a "BUY" recommendation and established a six (6) to twelve (12) month price target of $3.00 to $4.00 per share. PESI is an environmental waste Company that focuses on the use of advanced technologies to treat hazardous, mixed, and industrial waste. The Company's two primary niche markets are the treatment of 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. water and mixed nuclear waste. Highlights of the Report: PESI has a number of sophisticated technologies that the Company employs when cleaning up waste, including a solvent extraction Solvent extraction A technique, also called liquid extraction, for separating the components of a liquid solution. This technique depends upon the selective dissolving of one or more constituents of the solution into a suitable immiscible liquid solvent. system for nuclear mixed waste, the Perma-Fix(R) and the Perma-Fix II (R) processes, as well as new technologies in development. The Perma-Fix (R) process is an on-site treatment process that utilizes a chemical process and solidification technology to transform certain forms of hazardous waste, including metals and metal-based substances. The Perma-Fix II (R) is similar to the Perma-Fix (R) process, although it is used in a more unique market. The Perma-Fix II (R) process is a chemical destruction process that destroys organic waste, specifically waste streams that contain solvents such as gasoline, and other organic compounds. Estimated revenues for the Fiscal Year Ending (FYE FYE For Your Entertainment FYE First Year Experience FYE Fiscal Year End FYE Funding Your Education FYE For Your Eyes (CSD-TV magazine) FYE For Your Enjoyment FYE Full Year Effect FYE First Year Enrichment FYE For Your Edification ) December 31, 1999 are $43.8 million and $65.2 million for FYE 2000. This press release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " which are based largely on the expectations of Perma-Fix Environmental Services, Inc. and are subject to various business risks and uncertainties, certain of which are beyond the control of First Atlanta Securities L.L.C. Forward-looking statements include, but are not limited to the possible or assumed future results of operations of Perma-Fix Environmental Services, Inc., increased revenue, enhanced profitability, growth opportunities, and the impact on earnings per share, economies of scale, new customers, access to new products and additional markets. These forward-looking statements are intended to qualify for the safe harbors Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. from liability established by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. While First Atlanta Securities L.L.C. believes the expectations reflected in this news release and research report are reasonable, it can give no assurance such expectations will prove to be correct. There are a variety of factors which could cause future outcomes to differ materially from those described in this release, including future economic conditions, industry conditions, competitive pressures, or the ability of Perma-Fix Environmental Services, Inc. to achieve the anticipated economies of scale, profitability and growth. First Atlanta Securities L.L.C. makes no commitment to disclose any revisions to forward-looking statements, or any facts, events or circumstances after the date hereof that bear upon forward-looking statements. |
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