USA Recycling Industries Provides Mid-Year Corporate Update
May 31 2012 - 5:04PM
Marketwired
USA Recycling Industries, Inc. (PINKSHEETS: USRI), a
Pennsylvania-based scrap metals recycler providing specialty
recycling services throughout North America, today provides the
following corporate update to shareholders and the investment
community.
"Our company has made multiple advances this year to build a
solid platform for future growth as well as gain access to new
opportunities," stated Vincent J. Smith, CEO and Chairman. "As an
example, we have completely redesigned our website to better
communicate our list of waste management and recycling services to
customers. The site also offers comprehensive information on our
history and business model for investor due diligence."
"Other key initiatives include our move to new executive offices
in Reading, PA, and the recently executed franchise and revenue
sharing agreement with Recycling Franchisors, a privately held
Delaware corporation," Smith continued. "We've also retained
well-known SEC and Corporate Attorney Darren L. Ofsink whose
international firm is based in New York City."
"Our team remains fully committed to building shareholder value
and achieving total transparency to attract a broader investor base
for support of our long-term growth plans. We will be keeping the
investment community informed of all new developments," concluded
Smith.
About USA Recycling Industries, Inc.
USA Recycling operates specialty recycling service centers
engaged in the specialized business of collecting recyclable waste
materials and providing specialty disposal services to the
automotive service center industry. The Company derives revenues
from the collection and sale of recyclable materials, as well as
the waste disposal services it provides to the automotive service
center industry. USA Recycling, through its systems, operating
methods and alliances, is considered a leader in the national
recycling market servicing the automotive service center
industry.
For more information, please visit
www.usarecyclingindustriesinc.com
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not
strictly historical, including statements as to revenue
projections, business strategy, outlook, objectives, further
milestones, plans, intentions, goals, future financial conditions,
future collaboration agreements, the success of the Company's
development, events conditioned on stockholder or other approval,
or otherwise as to future events, such statements are
forward-looking, and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
The forward-looking statements contained in this release are
subject to certain risks and uncertainties that could cause actual
results to differ materially from the statements made.
Contact Vincent J. Smith CEO USA Recycling Industries, Inc.
Telephone: +1-877-464-5856
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