Attached files
file | filename |
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8-K - CURRENT REPORT ON FORM 8-K - US ECOLOGY, INC. | usecology_8k-022210.htm |
EX-3.1 - CERTIFICATE OF OWNERSHIP, ETC. - US ECOLOGY, INC. | usecology_8k-ex0301.htm |
EXHIBIT
99.1
NEWS
RELEASE
For
Immediate Release
Contact:
Alison Ziegler, Cameron Associates (212) 554-5469
alison@cameronassoc.com www.usecology.com
AMERICAN
ECOLOGY ANNOUNCES NAME CHANGE TO US ECOLOGY, INC.
BOISE, ID— February 22, 2010
-- American Ecology Corporation (the “Company”) (Nasdaq - GS: ECOL) today announced
that it has changed its corporate name to US Ecology, Inc. to align with its
recognized brand name in the hazardous and radioactive waste disposal
industry. The Company will continue to trade on the NASDAQ Global
Select market under the ticker “ECOL.”
American
Ecology Corporation was formed as a holding company in 1984 when Teledyne
divested its waste disposal assets. Since that time, the Company has
operated its facilities under the US Ecology name and built significant brand
recognition as one of the top providers of hazardous and radioactive waste
transportation, treatment, recycling and disposal
services.
James
Baumgardner, President and Chief Executive Officer, commented, “Changing our
corporate name to US Ecology better reflects the strong brand we have created
with our unique network of facilities. It will also simplify
contracting, government reporting and show our customers and investment
community that we are truly one team dedicated to the long term growth of this
business."
The
change in corporate name will not affect the validity or transferability of any
existing stock certificates that bear the American Ecology Corporation
name. Stockholders with American Ecology certificates should continue
to hold them. No action is required.
About
US Ecology, Inc.
US
Ecology, Inc. (formally known as American Ecology Corporation), through its
subsidiaries, provides radioactive, PCB, hazardous, and non-hazardous waste
services to commercial and government customers throughout the United States,
such as steel mills, medical and academic institutions, refineries, chemical
manufacturing facilities and the nuclear power industry. Headquartered in Boise,
Idaho, the Company is the oldest radioactive and hazardous waste services
company in the United States.
This
press release contains forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995 that are based on our current
expectations, beliefs and assumptions about the industry and markets in which US
Ecology, Inc. (formally known as American Ecology Corporation. and its
subsidiaries operate. Because such statements include risks and uncertainties,
actual results may differ materially from what is expressed herein and no
assurance can be given that the Company will meet its 2009 earnings estimates,
successfully execute its growth strategy, increase market share, or declare or
pay future dividends. For information on other factors that could cause actual
results to differ materially from expectations, please refer to US Ecology,
Inc.’s December 31, 2008 Annual Report on Form 10-K and other reports filed with
the Securities and Exchange Commission. Many of the factors that will determine
the Company’s future results are beyond the ability of management to control or
predict. Readers should not place undue reliance on forward-looking statements,
which reflect management’s views only as of the date such statements are made.
The Company undertakes no obligation to revise or update any forward-looking
statements, or to make any other forward-looking statements, whether as a result
of new information, future events or otherwise. Important assumptions and other
important factors that could cause actual results to differ materially from
those set forth in the forward-looking information include a loss of a major
customer, compliance with and changes to applicable laws and regulations, market
conditions and production rates for the thermal desorption service at our Texas
facility, access to cost effective transportation services, access to insurance
and other financial assurances, loss of key personnel, lawsuits, adverse
economic conditions including a tightened credit market, the timing or level of
government funding or competitive conditions, incidents that could limit or
suspend specific operations, our ability to perform under required
contracts, our willingness or ability to pay dividends and our ability to
integrate any potential acquisitions.
Investors
should also be aware that while we do, from time to time, communicate with
securities analysts, it is against our policy to disclose any material
non-public information or other confidential commercial information.
Accordingly, stockholders should not assume that we agree with any statement or
report issued by any analyst irrespective of the content of the statement or
report. Furthermore, we have a policy against issuing or confirming financial
forecasts or projections issued by others. Thus, to the extent that reports
issued by securities analysts contain any projections, forecasts or opinions,
such reports are not the responsibility of US Ecology, Inc.
###