Perma-Fix Reports Record YTD Revenues and Profitability

                    * Income increases for quarter and YTD
                    * Record YTD Nuclear Revenues

ATLANTA, Nov. 1 /PRNewswire-FirstCall/ -- Perma-Fix Environmental Services, Inc. (Nasdaq: PESI; BSE: PESI) (Germany: PES.BE) today announced that its income from continuing operations for the third quarter of 2005 was $1.2 million, compared to a loss from continuing operations of $7.0 million in the third quarter of 2004. Net income applicable to common stock for the quarter was $2.0 million, or $0.05 per share, compared to net loss applicable to common stock of $17.6 million, or $0.42 per share, for the same period in 2004. Net income for the third quarter of 2005 included $860,000 of income related to discontinued operations at the Detroit facility, which was closed in the third quarter of 2004.

Revenue for the third quarter ended September 30, 2005, was $23.0 million compared to $24.3 million for the third quarter of 2004. The 5.3% decrease was due primarily to a more even distribution of mixed waste shipments under the Company's government contracts. This resulted in a dramatic increase in second quarter 2005 shipments and a decrease in the third quarter. Due to this shift, the Nuclear Segment reported revenue of $11.3 million, a 12.6% decrease when compared with the 2004 third quarter. The short-term effect of the more efficient distribution schedule was somewhat offset by the Industrial Segment's revenue, which increased 4.6% to $11.1 million for the third quarter.

The table below presents certain financial information for the business segments, excluding allocation of corporate expenses.



                          Quarter Ended                 Quarter Ended
                        September 30, 2005            September 30, 2004
    (In
     thousands)  Industrial Nuclear Engineering Industrial Nuclear Engineering

    Net revenues   $11,098  $11,260    $683      $10,606   $12,886    $845
    Gross profit     2,350    4,164     185        1,573     5,749     207
    Segment profit
    (loss)             361    2,061      61       (8,648)    3,904     113


Revenue for the nine months of 2005 increased 16.1% to a record $70.0 million compared to $60.3 million for the nine months of 2004. Revenue for the Nuclear Segment increased 16.5% to $36.0 million, also a record for the segment. Revenue for the Industrial Segment increased 18.1% to $31.9 million for the nine months.

Income from continuing operations for the nine months reached a record $2.6 million, compared to a loss from continuing operations of $7.8 million in 2004. Net income applicable to common stock for the nine months was $3.0 million, or $0.07 per share, compared to net loss applicable to common stock of $19.6 million or $0.49 per share, for the same period in 2004. Net income for the 2005 period included $571,000 of income related to discontinued operations at the Detroit facility, which was closed in the third quarter of 2004.

The table below presents certain financial information for the business segments, excluding allocation of corporate expenses.



                      Nine Months Ended              Nine Months Ended
                      September 30, 2005             September 30, 2004
    (In
     thousands)  Industrial Nuclear Engineering Industrial Nuclear Engineering

    Net revenues   $31,900  $35,963  $2,145        $27,005 $30,871  $2,401
    Gross profit     5,109   13,951     483          4,167  12,272     643
    Segment profit
     (loss)           (887)   7,711     134         (9,876)  6,503     306


Dr. Louis F. Centofanti, Chairman and Chief Executive Officer, commented, "We are pleased by the progress Perma-Fix has made so far this year. This progress is most obvious in our record year-to-date revenue and income, which, for comparison purposes, are not affected by the quarter-by-quarter changes in waste shipment distribution. The smoothing of shipments, which we have worked hard to achieve, while making it difficult to make 'apples-to-apples' quarterly comparisons this year, gives us the long-term benefit of much greater processing efficiency that benefits both Perma-Fix and its customers.

"In addition, we are very encouraged by our Industrial Segment, which enjoyed not only increased commercial sales, but also higher margins resulting from certain operational and processing changes implemented during the quarter," Dr. Centofanti said.

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 eleven 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 the smoothing of government-related Nuclear shipments giving our Nuclear Segment the long-term benefit of much greater processing efficiency that benefits both Perma-Fix and its customers. This forward-looking statement is 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, competitive pressures, 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 failure to abide by or comply with contracts or to deliver waste as anticipated, and the Nuclear Segment's ability to process waste in a manner consistent with current operations. 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 .

     Contacts:

     Dr. Louis F. Centofanti, Chairman and CEO
     Perma-Fix Environmental Services, Inc.
     (404) 847-9990

     James Kautz or J. Todd Atenhan
     EPOCH Financial Group, Inc.
     jkautz@epochfinancial.com
     888-917-5105

     Herbert Strauss-European investor relations
     herbert@eu-ir.com
     +43 316 296 316

                           FINANCIAL TABLES FOLLOW



    PERMA-FIX ENVIRONMENTAL SERVICES, INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited)

                             Three Months Ended         Nine Months Ended
                                September 30,             September 30,
    (Amounts in Thousands,
      Except for Per Share
      Amounts)                2005         2004         2005         2004

    Net revenues           $23,041      $24,337      $70,008      $60,277
    Cost of goods sold      16,342       16,808       50,465       43,195
     Gross profit            6,699        7,529       19,543       17,082

    Selling, general and
     administrative expenses 4,965        4,443       15,342       12,975
    Loss (gain) on disposal/
     impairment of property
     and equipment               4        1,014         (333)         996
    Impairment loss on
     intangible assets          --        7,101          --         7,101
      Income (loss) from
       operations            1,730       (5,029)       4,534       (3,990)

    Other income (expense):
    Interest income              5           --            7            2
    Interest expense          (385)        (294)      (1,178)      (1,535)
    Interest expense-
     financing fees            (48)      (1,566)        (269)      (2,079)
    Other                     (100)         (31)        (159)         (48)
     Income (loss) from
      continuing operations
      before taxes           1,202       (6,920)       2,935       (7,650)
    Income tax expense          41           37          324          163
     Income (loss) from
      continuing operations  1,161       (6,957)       2,611       (7,813)

    Discontinued operations:
    Income (loss) from
     discontinued operations   860         (740)         571       (1,765)
    Loss on disposals from
     discontinued operations    --       (9,835)          --       (9,835)
      Total income (loss)
       from discontinued
       operations              860      (10,575)         571      (11,600)
      Net income (loss)      2,021      (17,532)       3,182      (19,413)

    Preferred Stock dividends   46           48          140          142
     Net income (loss)
      applicable to Common
      Stock                 $1,975     $(17,580)      $3,042     $(19,555)

    Net income (loss) per
     common share - basic
    Continuing operations     $.03        $(.17)        $.06        $(.20)
    Discontinued operations    .02         (.25)         .01         (.29)
     Net income (loss) per
      common share            $.05        $(.42)        $.07        $(.49)

    Net income (loss) per
     common share - diluted
    Continuing operations     $.03        $(.17)        $.06        $(.20)
    Discontinued operations    .02         (.25)         .01         (.29)
     Net income (loss) per
      common share            $.05        $(.42)        $.07        $(.49)

    Number of shares and
     potential common shares
     used in net income (loss)
     per common share:
      Basic                 42,055       41,648       41,881       40,051
      Diluted               44,152       41,648       43,138       40,051



    PERMA-FIX ENVIRONMENTAL SERVICES, INC.
    CONDENSED CONSOLIDATED BALANCE SHEETS

                                                        Sept. 30,
                                                          2005      Dec. 31,
    (Amounts in Thousands, Except for Share Amounts)   (Unaudited)    2004

    ASSETS
    Current assets
     Cash                                            $      119  $      215
     Restricted cash                                         40          60
     Accounts receivable, net of allowance for
      doubtful accounts of $438 and $570                 14,995      17,674
     Unbilled Receivables                                14,096       9,518
     Prepaid expenses and other                           4,702       3,818
     Current assets of discontinued operations,
      net of allowance for doubtful accounts of
      $86 and $125                                           --       1,609
       Total current assets                              33,952      32,894

    Net property and equipment                           45,527      47,261
    Property and equipment of discontinued
     operations                                             603         600
    Permits                                              13,186      12,895
    Goodwill                                              1,330       1,330
    Finite Risk Sinking Fund                              3,216       2,225
    Other assets                                          3,095       3,250
       Total assets                                  $  100,909  $  100,455

    LIABILITIES AND STOCKHOLDERS' EQUITY
    Current liabilities:
     Accounts payable                                $    5,753  $    6,529
     Accrued expenses and other                          17,809      17,936
     Current liabilities of discontinued
      operations                                          2,119       2,550
     Current portion of long-term debt                    2,766       6,376
       Total current liabilities                         28,447      33,391

    Other long-term liabilities                           9,209       9,147
    Long-term liabilities of discontinued
     operations                                           1,574       1,804
    Long-term debt, less current portion                 13,909      12,580
       Total long-term liabilities                       24,692      23,531
       Total liabilities                                 53,139      56,922

    Commitments and Contingencies                            --          --

    Preferred Stock of subsidiary, $1.00 par
     value; 1,467,396 shares authorized,
     1,284,730 shares issued and outstanding,
     liquidation value $1.00 per share                    1,285       1,285

    Stockholders' equity:
     Preferred Stock, $.001 par value; 2,000,000
      shares authorized, 0 and 2,500 shares
      issued and outstanding                                 --          --
     Common Stock, $.001 par value; 75,000,000
      shares authorized, 45,673,537 and 42,749,117
      shares issued, including 988,000 shares held
      as treasury stock, respectively                        46          43
     Additional paid-in capital                          82,059      80,902
     Accumulated deficit                                (33,752)    (36,794)
     Interest rate swap                                      (6)        (41)
                                                         48,347      44,110
    Less: Common Stock in treasury at cost;
     988,000 shares                                      (1,862)     (1,862)
      Total stockholders' equity                         46,485      42,248
      Total liabilities and stockholders' equity     $  100,909  $  100,455
SOURCE  Perma-Fix Environmental Services, Inc.
    -0-                             11/01/2005
    /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-European investor relations,
+011-43-316-296-316, or herbert@eu-ir.com, all for Perma-Fix/
    /Web site:  http://www.perma-fix.com /
    (PESI)

CO:  Perma-Fix Environmental Services, Inc.
ST:  Georgia
IN:  ENV UTI OIL
SU:  ERN

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2971 11/01/2005 07:30 EST http://www.prnewswire.com