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DAMES & MOORE SIGNS LETTER OF INTENT

 Proposed Acquisition of Aman Environmental Inc.
 Would Expand Remediation Capabilities
 LOS ANGELES, Jan. 26 /PRNewswire/ -- Dames & Moore (NYSE: DM), international environmental and engineering consultants, has signed a letter of intent to acquire the assets of Aman Environmental Inc., a specialty contractor that provides environmental remediation services to petroleum, industrial, real estate and public sector clients through its headquarters in California and branch office in Alaska.
 Aman Environmental had revenues of slightly more than $10 million in calendar 1991 and $14 million in calendar 1992.
 The acquisition will be an all-cash transaction and will consist of an initial payment and future earn-out based on performance. Specific terms were not disclosed.
 Robert M. Perry, Dames & Moore chief financial officer, cautioned that the transaction is contingent upon completion of a satisfactory due diligence review, mutual approval of a formal purchase agreement, and final approval by the Dames & Moore board of directors.
 Aman Environmental would expand Dames & Moore's capability in remedial construction and bio-remediation. Steven M. Aman, president, and Dan A. Vossler, vice president, will continue to lead Aman Environmental after its acquisition by Dames & Moore.
 Aman and Arthur C. Darrow, western division manager of Dames & Moore, expressed their belief that the acquisition would provide opportunity for Aman Environmental to serve a larger spectrum of clients through Dames & Moore's wide office distribution and client base. Further, Dames & Moore's clientele would benefit by the addition of the special remedial expertise that Aman Environmental offers.
 Dames & Moore is a worldwide professional services company, providing comprehensive environmental and other specialized consulting and engineering services. The company had gross revenues of $357.5 million in fiscal year 1992 and maintains offices and affiliates throughout the United States and 19 other countries.
 -0- 1/26/93
 /CONTACT: Robert M. Perry, CFO of Dames & Moore, 213-683-1560/
 (DM)


CO: Dames & Moore; Aman Environmental Inc. ST: California IN: CST SU: TNM

JL -- LA025 -- 9230 01/26/93 15:57 EST
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Publication:PR Newswire
Date:Jan 26, 1993
Words:318
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