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OHM RECEIVES CONTRACT AWARDS

 FINDLAY, Ohio, Sept. 8 /PRNewswire/ -- OHM Corporation (NYSE: OHM), a leading on-site remediation services firm, today announced that it has been awarded its fourth U.S. EPA Emergency Response Cleanup Services (ERCS) contract, with a total potential value of $88 million over five years.
 Under terms of the new contract for EPA Region II, the company will provide emergency remediation services at sites where there is an imminent threat to the public health or the environment. The geographic area covered by Region II is New York, New Jersey, Puerto Rico, and the Virgin Islands.
 James L. Kirk, president, chairman and chief executive officer, said, "Combined with other contract awards from EPA, the United States Army Corps of Engineers, and the United States Department of the Navy, the potential value of our government term contracts is now approximately $620 million, and our obligated backlog is now approximately $180 million. At June 30, 1993, we reported a total potential value of government term contracts of $241 million and an obligated backlog of $188 million. While we are pleased with these contract awards, we are realistic in our assessment of the start-up timing for these new contracts and do not expect them to have a significant impact on results for the second half of 1993." Kirk continued, "Over the past several years, we have diversified our client base to achieve a balanced portfolio of public and private sector clients. We have focused our bidding efforts on larger, longer-term projects and are continuing to strengthen our business with government entities, particularly Department of Defense agencies."
 EPA
 In addition to the new contract, OHM is currently performing work under four other contracts under the ERCS program as follows:
 -- Two in EPA Region IV, having a combined remaining potential value of approximately $32 million over three years, for work in eight Southeastern states.
 -- One in EPA Region I, having a total remaining potential value of $58 million over five years for work in Connecticut, New Hampshire, Maine, Massachusetts, Rhode Island and Vermont.
 -- One subcontract in EPA Region V which encompasses Ohio, Michigan, Indiana, Illinois, Wisconsin, and Minnesota, awarded in July 1993.
 The company said that the four ERCS contracts in which OHM is the prime contractor have an initial one-year term and may be extended annually for four additional years at the option of the EPA.
 UNITED STATES ARMY CORPS OF ENGINEERS
 OHM, also announced that it is finalizing a U.S. Army Corps of Engineers Rapid Response Contract, having a total potential value of $50 million over five years to provide remediation services nationwide. Currently OHM is in the final year of a similar five year contract. OHM has been selected for negotiations leading to contract award and is currently negotiating with the U.S. Army Corps of Engineers.
 UNITED STATES NAVY CONTRACT
 The company announced on Aug. 24, 1993, the award of a U.S. Navy contract having a total potential value over five years of $250 million. The Multi-Contaminant Remedial Action contract, which is being administered by the Naval Facilities Engineering Command, provides for remediation of environmentally contaminated sites at Department of Navy and Marine Corps installations and other government agencies located in the Atlantic Division Naval Facilities Engineering Command (LANTDIV). The contract is for an initial one-year term of $50 million and may be extended annually for four additional years at the option of the Department of the Navy.
 With nearly 25 years experience and the successful completion of more than 15,000 projects, OHM is a leading nationwide environmental remediation firm and a major emergency response contractor. The company provides a broad range of physical, chemical, biological, and thermal treatment technologies to clean up hazardous waste through its 27 locations in the United States. OHM provides its services to a diverse client base in the private sector including petroleum, chemical, transportation, and general manufacturing firms as well as the public sector including the U.S. Army Corps of Engineers, the U.S. Department of the Air Force, the U.S. Department of the Navy, the U.S. EPA, and at U.S. Department of Energy Facilities.
 -0- 9/8/93
 /CONTACT: Investor: Sam Iapalucci, 419-424-4924, or Pamela K. M. Beall, 419-425-6002; Media: Cheryl Rectorschek, 419-424-4929; all of OHM Corporation/
 (OHM)


CO: OHM Corporation; U.S. EPA ST: Ohio, New York, New Jersey, Puerto Rico IN: ENV SU: CON

KL -- CL006 -- 9631 09/08/93 08:41 EDT
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Publication:PR Newswire
Date:Sep 8, 1993
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