Date: March 28, 2006
Source: PR Newswire
Perma-Fix Environmental Services, Inc. (Nasdaq: PESI) today announced the resignation of Richard T. Kelecy as Vice President, Chief Financial Officer and Secretary of the Company, which resignation is effective on April 5, 2006. Mr. Kelecy has accepted a position with WRS Infrastructure & Environment Inc. The Company has initiated a transition plan with a senior financial team assuming day-to-day responsibilities, while a search for a new CFO is underway. The Company also announced that it expects to file its Form 10-K with Securities and Exchange Commission on or before March 31, 2006.
Dr. Louis F. Centofanti, Chairman and CEO, commented, "Richard Kelecy has been a valuable asset to the Company, ensuring we had the appropriate financial controls and procedures in place as we grew revenues from less than $10 million to over $91 million in under 10 years. We generated $3.6 million in income for 2005, and expect to continue to show financial improvement this year. We have an experienced and talented financial team in place to ensure a smooth transition."
Perma-Fix Environmental Services, Inc. is a national environmental services company, providing unique mixed waste and industrial waste management services. The Nuclear Segment provides radioactive and mixed waste treatment services to hospitals, research laboratories and institutions, numerous federal agencies including the Departments of Energy and Defense and nuclear utilities. The Industrial Segment provides hazardous and non-hazardous waste treatment services for a diverse group of customers including Fortune 500 companies, numerous federal, state and local agencies and thousands of smaller clients. The Company operates nine major waste treatment facilities across the country.
More information: www.perma-fix.com.