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TRC offers new service: Environmental Exit Strategies.

WINDSOR, Conn.--(BUSINESS WIRE)--Nov. 22, 1996--TRC Companies, Inc. (NYSE:TRR), leading a team of internationally recognized insurance and financial consultants, today announced the availability of a new service, called Environmental Exit Strategies, through which TRC is prepared to assume the responsibility for a client's liability costs related to CERCLA and RCRA projects.

This new service will provide TRC effective entry into the emerging environmental outsourcing market. In fact, TRC is currently providing this service in projects worth over $30 million.

TRC is teaming with Commerce and Industry, a member company of American International Group, Inc. (AIG) -- the largest environmental insurer in the world -- and First Commerce Capital, a division of Morgan Keegan & Company, Inc., listed on the New York Stock Exchange.

Environmental Exit Strategies can be broken down into two categories. The first, Remediation Risk Management and Closure provides clients with the opportunity to exit from most or all aspects of site remediation and closure. TRC, along with its insurance and financing partners, will take responsibility for the technical, management and risk aspects of site remediation and closure. This provides one-time lump sum pricing; incentives to encourage responsible, low cost remedies; elimination of client oversight costs; transfer of site risks; remediation cost cap insurance; and, tax advantages.

The second category of exit strategy is called BOOT or build, own, operate and transfer. This service provides for turnkey design, construction, operation, maintenance and capital financing of a variety of environmental remedies. These remedies can include water treatment systems (groundwater, leachate, industrial process effluent), caps/covers, slurry walls and gas control systems. Advantages of a BOOT include: elimination of upfront capital outlay; a pre-established cash flow; performance guarantees; transfer of risk; remediation cost cap insurance; cost savings due to improved designs and operating efficiencies; reduced administrative/oversight costs; and, tax advantages including tax-exempt financing.

TRC Companies, Inc. is a publicly-owned, international environmental and industrial services company listed on the New York Stock Exchange. TRC is one of the largest air pollution engineering companies in the United States and provides innovative solutions to solid and hazardous waste management, water pollution, industrial process improvement and power generation problems worldwide. -0-

CONTACT: TRC Companies, Inc.

Bruce D.Cowen, 860/289-8631
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Publication:Business Wire
Date:Nov 22, 1996
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