USA Recycling Industries Enters Oil Filter Collection and Disposal Services Agreement With Redwood Recycling
June 13 2012 - 4:05PM
Marketwired
USA Recycling Industries, Inc. (PINKSHEETS: USRI) ("USRI" or the
"Company"), a Pennsylvania-based scrap metals recycler providing
specialty recycling services throughout North America, announces
that Redwood Recycling of Staten Island, N.Y., is now offering oil
filter disposal services to its significant customer base in the
New York Metropolitan and surrounding areas via USRI's oil filter
disposal process. Where previously there was no market for oil
filter disposal in that area, Redwood Recycling can now offer a
market to its customers for the recycling of oil and steel
byproducts.
"We are very excited to offer our oil filter disposal services
to Redwood Recycling's New York customers," said USA Recycling
Industries CEO Vincent J. Smith. "This will create a significant
value for used oil filter generators where previously that did not
occur."
"Redwood Recycling has serviced the scrap metal industry in New
York for more than a decade and services the largest market in the
continental United States: the New York Metropolitan and
surrounding areas," Smith continued. "We are pleased to work with a
company that has such an outstanding history, and we look forward
to aiding them in providing their customers with a vital recycling
service not previously available."
With more than 10.8 million registered vehicles in the state of
New York, Redwood Recycling stands to add significant revenue to
its operations by implementing USRI's oil filter disposal process.
Recycling all the filters sold in the U.S. each year would result
in the recovery of approximately 160,000 tons of steel alone.
Offering this recycling service in the New York Metropolitan and
surrounding areas -- the largest market in the continental U.S. --
is a significant stride forward in reclaiming these valuable
resources and deploying USRI's oil filter disposal process
throughout the country.
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: +1-877-464-5865 VSmith@usarecyclingindustriesinc.com
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