Perma-Fix
Environmental Services Files Shelf Registration Statement
ATLANTA – April 7, 2009— Perma-Fix
Environmental Services, Inc. (NASDAQ: PESI) announced today that it has
filed a shelf registration statement on Form S-3 with the U.S. Securities and
Exchange Commission (SEC).
The shelf
registration statement, when declared effective by the SEC, would give Perma-Fix
the ability to sell up to 5,000,000 shares of its common stock. After the shelf
registration becomes effective, the common stock may be sold from
time to time and through one or more methods of distribution, subject to market
conditions and Perma-Fix’s capital needs. The terms of any offering would be
established at the time of the offering.
Dr. Louis
F. Centofanti, Chairman & CEO, stated, “We do not have immediate plans to
sell shares under the registration statement. The Board of Directors
agreed that having a shelf registration in place was prudent given the current
market environment, as it provides us greater financial flexibility in the event
we identify strategic opportunities that may require additional
capital.”
This
registration statement relating to these securities has been filed with the SEC
but has not yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these securities
in any state in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
state.
A copy of
the prospectus included in the registration statement may be obtained on the
SEC’s website at www.sec.gov. In addition, Perma-Fix would file a prospectus
supplement with the SEC in connection with any offering under the shelf
registration statement. The information on Perma-Fix’s web site is not a part of
the registration statement, the prospectus or any prospectus supplement which
may be issued under the registration statement.
About
Perma-Fix Environmental Services
Perma-Fix
Environmental Services, Inc., a national environmental services company,
provides unique mixed waste and industrial waste management services. The
Company’s increased focus on nuclear services includes radioactive and mixed
waste treatment services for hospitals, research labs and institutions, federal
agencies, including DOE, DOD, and nuclear utilities. The company’s industrial
services treat hazardous and non-hazardous waste for a variety of customers
including, Fortune 500 companies, federal, state and local agencies and
thousands of other clients. Nationwide, the company operates seven waste
treatment facilities.
Please
visit us on the World Wide Web at http://www.perma-fix.com.
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: that having a shelf
registration in place was prudent given the current market environment, as it
provides us greater financial flexibility in the event we identify strategic
opportunities that may require additional capital; and after the shelf
registration statement becomes effective, the common stock may be sold from time
to time and through one or more methods of
distributions. 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, future economic
conditions; industry conditions; market conditions; Perma-Fix’s
capital needs; and the additional factors referred to under "Special Note
Regarding Forward-Looking Statements" of our 2008 Form 10-K. 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.
Contacts:
|
Dr.
Louis F. Centofanti, Chairman and CEO
|
David
K. Waldman-US Investor Relations
|
|
Perma-Fix
Environmental Services, Inc.
|
Crescendo
Communications, LLC
|
|
(770)
587-5155
|
(212)
671-1020 x101
|
Herbert
Strauss-European Investor Relations
herbert@eu-ir.com
+43 316
296 316