Amerex Group Completes Abatement Activities at Pryor
September 19 2007 - 7:00AM
PR Newswire (US)
NEW YORK, Sept. 19 /PRNewswire-FirstCall/ -- Amerex Group, Inc.
(OTC:AEXG) (BULLETIN BOARD: AEXG) , the New York based hazardous
waste transportation and logistics firm announced today the
completion of asbestos abatement activities on their 153 acre
industrial site in Pryor, OK. Completion of this year-long project
will now free-up $800,000 of cash previously restricted via a
letter of credit. It also enables Amerex to sell the property which
has recently been placed on the market with a $3,000,000 price tag.
Stephen Onody, Amerex's Chief Operating Officer, stated, "We are
glad to have finished this project to the standards required by the
regulators and satisfaction of former owners. We will soon ship the
remainder of scrap metal and are about to enter into a contract for
sale of the property." About Amerex Group, Inc.: Amerex Group, Inc.
is a hazardous waste transportation and logistics firm with
capabilities to provide emergency response to environmental
emergencies. The Company has multiple facilities including a
hazardous waste treatment, storage and disposal facility licensed
under the Resource Conservation and Recovery Act Part B and a
trucking fleet to transport hazardous waste throughout the USA.
Amerex is headquartered in New York City with its Administrative
headquarters in Tulsa, OK. DATASOURCE: Amerex Group, Inc. CONTACT:
Nicholas Malino, Chief Executive Officer, Amerex, +1-212-508-4754;
or Investors, Connie Schadewitz, Catalyst Financial Resources, LLC,
+1-360-828-8601, Web site: http://www.amerexcos.com/
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