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PERMA-FIX ENVIRONMENTAL SERVICES, INC., COMPLETES ACQUISITION OF AMERICAN RESOURCE RECOVERY CORPORATION

 ATLANTA, Jan. 3 /PRNewswire/ -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI; BSE) announced today that it has completed the acquisition of American Resource Recovery Corporation ("ARR").
 Perma-Fix issued 601,500 shares of Perma-Fix common stock as consideration for the acquisition. After completion of the acquisition of ARR, Perma-Fix had outstanding 4,448,408 shares of common stock.
 ARR is located in Memphis, Tenn., and is primarily in the business of recycling paints, oils and solvents. Revenues for ARR in 1993 were approximately $6.0 million. ARR has various permits, including permits to store and treat hazardous waste at its facility. Dr. Louis F. Centofanti, president of Perma-Fix, stated that, "The acquisition of ARR expands the Perma-Fix waste service operations into the southeastern United States and makes its priority mobile treatment process immediately available for hazardous waste treatment in the Memphis and east Tennessee area."
 Perma-Fix provides environmental engineering and hazardous waste treatment and reclamation services.
 -0- 1/3/94
 /CONTACT: Priscilla Price of Perma-Fix Environmental Services, 404-847-9990/
 (PESI)


CO: Perma-Fix Environmental Services, Inc.; American Resource Recovery
 Corporation ST: Georgia, Tennessee IN: ENV SU: TNM


BR-BN -- AT006 -- 8465 01/03/94 10:54 EST
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Publication:PR Newswire
Date:Jan 3, 1994
Words:192
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