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| Chartwell's Weekly News Update - Mar. 23, 2006 |
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| | 1. | Allied Names Two New Members To Board Of Directors |
| | 2. | Appliance Recycling Centers Reports Year-End Results |
| | 3. | Los Angeles Approves Extension Of Contract With BFI |
| | 4. | NSWMA Releases Report On Landfill Technology |
| | 5. | New Virginia Landfill Proposal Draws Opposition |
| | 6. | Maine Will Use OnyxPac Recycling Technology To Handle Special Wastes |
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| | 1. | ALLIED NAMES TWO NEW MEMBERS TO BOARD OF DIRECTORS |
| | | Allied
Waste Industries has announced the appointment of David I. Foley of the Blackstone Group, L.P. and Steven Martinez of Apollo Management, L.P. to Allied's Board of Directors. The appointments to the eleven-person Board of Directors are effective immediately. Foley is a Senior Managing Director in the Private Equity group at Blackstone. Martinez is a partner at Apollo. |
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| | 2. | APPLIANCE RECYCLING CENTERS REPORTS YEAR-END RESULTS |
| | | Appliance Recycling Centers of America, Inc. (Nasdaq: ARCI) has reported revenues of $74.9 million for the year ended Dec. 31, 2005, an increases of 42 percent from
the same period in 2004. ARCA's net loss for the year declined to $933,000, or $0.22 per diluted share, from $1.3 million, or $0.48 per diluted share in 2004. The per-share amounts reflect the greater number of shares outstanding in 2005 as a result of the private placement of ARCA common stock in December 2004. |
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| | 3. | LOS ANGELES APPROVES EXTENSION OF CONTRACT WITH BFI |
| | | The Los Angeles City Council has completed negotiations with Browning-Ferris Industries on a five-year extension on the city's contract. The agreement will cost about $3.4 million more than BFI's previous contract, but will
allow the city to divert some of the waste from BFI's Sunshine Canyon Landfill, which local residents have sought to close for nearly two decades. Los Angeles generates about 940,000 tons of waste per year. |
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| | 4. | NSWMA RELEASES REPORT ON LANDFILL TECHNOLOGY |
| | | The National Solid Wastes Management Association has published a white paper documenting the technology behind modern landfills, and the regulations in place to protect human health and the environment. "Modern Landfills: A Far Cry from the Past" is available on the NSWMA's website (www.nswma.org) or by contacting the association's Public Affairs Department at (800) 424-2869. |
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| | 5. | NEW VIRGINIA LANDFILL PROPOSAL DRAWS OPPOSITION |
| | | A new proposal to place a 200-acre landfill in New Kent County, Virginia is drawing some protests from local residents. But the developers of the proposed Schiminoe Meadow landfill say the project will bring in more than $5 million a year in revenue and will be state-of-the-art to protect human health and the environment. |
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| | 6. | MAINE WILL USE ONYXPAC RECYCLING TECHNOLOGY TO HANDLE SPECIAL WASTES |
| | | The Maine Department of Environmental Protection has announced that it will use the OnyxPak recycling program for fluorescent lamps, lamp ballasts, batteries, and electronics. OnyxPak is the first prepaid recycling program approved for shipment using a common carrier in the state of Maine. The state is also seeking to increase recycling rates of mercury-containing waste by offering the system for smaller generators to comply with Maine's Universal Waste Rule. OnyxPak was developed by the Technical Solutions division of Veolia Environmental Services, formerly Onyx Environmental Services.
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