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METALCLAD'S ANNUAL SHAREHOLDERS' MEETING REPORTS ON JOINT VENTURE PARTNER

 NEWPORT BEACH, Calif., Nov. 11 /PRNewswire/ -- At its annual shareholders meeting on Nov. 5, Metalclad Corp. (NASDAQ: MTLCC), engaged in the development of integrated hazardous waste treatment facilities in Mexico, President Grant Kesler reported that the due diligence had been completed to the satisfaction of both Metalclad and their joint venture partner for the development of the company's hazardous waste incineration facility in the Mexican state of San Louis Potosi. Kesler also reported that the joint venture agreement documents were now being drawn.
 It was also announced that the company expects the COTERIN landfill to be fully operational in early 1994 and be a profitable operation by the end of the fiscal year ending May 31, 1994.
 Kesler reiterated Metalclad's support for NAFTA. During a recent briefing on the steps of the White House, Secretary of Commerce Ron Brown and EPA Administrator Carol Browner, asked Metalclad's Executive Vice President, Lee Deets, to comment to the press illustrating how Metalclad's projects in Mexico would result in the creation of jobs on both sides of the border and export opportunities for the United States.
 Metalclad's Mexican subsidiaries, Eco Administracion and COTERIN, have received permits from the federal environmental agency in Mexico, the Instituto Nacional de Ecologia, to construct two facilities for the treatment, recycling and disposal of hazardous wastes. During the press conference on the White House lawn, Deets explained that these projects relied heavily on U.S. engineering expertise, technologies and manufactured products. The facilities have been designed and will be operated to meet internationally accepted standards for protecting the environment. As a result, a substantial amount of material, equipment, supplies and technical knowledge necessary to meet these standards will be exported from the United States.
 Kesler also assured shareholders that the company is taking steps to enable it to continue to meet the necessary qualifications for the NASD Small Capital Market.
 -0- 11/11/93
 /CONTACT: Grant S. Kesler, president, or Elgin B. Williams, director of investor relations, both of Metalclad, 714-476-2772; or Bruce H. Haglund, Esq., 714-752-6100/
 (MTLCC)


CO: Metalclad Corp. ST: California IN: SU: JVN

NY-EH -- LA025 -- 3295 11/11/93 14:17 EST
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Publication:PR Newswire
Date:Nov 11, 1993
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