Ecology and Environment, Inc. Announces Liquidation of Laboratory Equipment; Lab Building Up for Sale or Lease
March 28 2005 - 10:10AM
PR Newswire (US)
Ecology and Environment, Inc. Announces Liquidation of Laboratory
Equipment; Lab Building Up for Sale or Lease BUFFALO, N.Y., March
28 /PRNewswire-FirstCall/ -- In January 2005 the Company announced
its intent to exit the domestic laboratory testing business. As of
February 19, 2005 the Analytical Services Center ceased all
operations and the laboratory equipment was sold under bid to Pace
Analytical Services, Inc. for a price in excess of $500,000. The
laboratory building and warehouse with attendant 34 acres of land
are being offered for sale or lease under suitable terms. The
laboratory facility lends itself to a variety of uses, including
bio-tech, light manufacturing, "clean room" activities, or other
activities requiring high rates of air circulation, isolation by
fume hoods and sample refrigeration. The facility has three
independent air handling zones and contains 25,000 square feet of
which approximately 7,000 or 28% is dedicated to office space. As
currently configured, the facility contains 800 linear feet of acid
resistant work surface with underlying steel cabinets and 120 feet
of fume hoods. The facility is plumbed throughout with UV
sterilized, deionized water and various gases via service columns
adjacent to each lab bench. It is the Company's intent to liquidate
or lease this property as soon as possible. Ecology and
Environment, Inc. is headquartered in Lancaster, New York, a suburb
of Buffalo. Its common stock is listed on the American Stock
Exchange under the symbol EEI. E & E can be located on the
World Wide Web at http://www.ene.com/. DATASOURCE: Ecology and
Environment, Inc. CONTACT: Ronald Frank of Ecology and Environment,
Inc., +1-716-684-8060 Web site: http://www.ene.com/
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