Exhibit 99.1
PERMA-FIX ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER
ATLANTA, March 28 /PRNewswire-FirstCall/ -- Perma-Fix Environmental
Services, Inc. (Nasdaq: PESI) (BSE: PESI) (Germany: PES.BE) today announced the
resignation of Richard T. Kelecy as Vice President, Chief Financial Officer and
Secretary of the Company, which resignation is effective on April 5, 2006. Mr.
Kelecy has accepted a position with WRS Infrastructure & Environment Inc. The
Company has initiated a transition plan with a senior financial team assuming
day-to-day responsibilities, while a search for a new CFO is underway. The
Company also announced that it expects to file its Form 10-K with Securities and
Exchange Commission on or before March 31, 2006.
Dr. Louis F. Centofanti, Chairman and CEO, commented, "Richard Kelecy has
been a valuable asset to the Company, ensuring we had the appropriate financial
controls and procedures in place as we grew revenues from less than $10 million
to over $91 million in under 10 years. We generated $3.6 million in income for
2005, and expect to continue to show financial improvement this year. We have an
experienced and talented financial team in place to ensure a smooth transition."
Perma-Fix Environmental Services, Inc. is a national environmental services
company, providing unique mixed waste and industrial waste management services.
The Nuclear Segment provides radioactive and mixed waste treatment services to
hospitals, research laboratories and institutions, numerous federal agencies
including the Departments of Energy and Defense and nuclear utilities. The
Industrial Segment provides hazardous and non-hazardous waste treatment services
for a diverse group of customers including Fortune 500 companies, numerous
federal, state and local agencies and thousands of smaller clients. The Company
operates nine major waste treatment facilities across the country.
This press release contains "forward-looking statements" which are based
largely on the Company's expectations and are subject to various business risks
and uncertainties, certain of which are beyond the Company's control.
Forward-looking statements include, but are not limited to, the information
concerning statements that the Company expects to file its Form 10-K with the
Securities and Exchange Commission on or before March 31, 2006, and the
continued financial improvement in 2006. These forward-looking statements are
intended to qualify for the safe harbors from liability established by the
Private Securities Litigation Reform Act of 1995. While the Company believes the
expectations reflected in this news release are reasonable, it can give no
assurance such expectations will prove to be correct. There are a variety of
factors which could cause future outcomes to differ materially from those
described in this release, including, without limitation, general economic
conditions, future environmental regulatory restrictions, completion of the 2005
year end audit and 404 requirements, the ability of the Company to apply and
market its technologies and neither the government nor any party which has
granted the Company a material contract terminates their contract prior to
expiration of the term of the contract or reduces the volume of waste expected
to be delivered to us during 2006 under these contracts.. The Company makes no
commitment to disclose any revisions to forward-looking statements, or any
facts, events or circumstances after the date hereof that bear upon forward-
looking statements.
Please visit us on the World Wide Web at http://www.perma-fix.com.
SOURCE Perma-Fix Environmental Services, Inc.
-0- 03/28/2006
/CONTACT: Dr. Louis F. Centofanti, Chairman and CEO, Perma-Fix
Environmental Services, Inc., +1-404-847-9990; or James Kautz,
jkautz@epochfinancial.com, or J. Todd Atenhan, both of EPOCH Financial Group,
Inc., +1-888-917-5105; or Herbert Strauss of European investor relations in
Austria, +011-43-316-296-316, or herbert@eu-ir.com, all for Perma-Fix/
/Web site: http://www.perma-fix.com /
(PESI)