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Preview: Market Wire - Environment: Waste Management

Marketwired - Waste Management

Marketwired - Waste Management

Last Build Date: Wed, 14 Mar 2018 08:03:56 EDT

Copyright: Copyright: (C) Marketwired

MagneGas Generates Record Sales in February 2018

Wed, 14 Mar 2018 07:30:00 EDT

Combined Operations Generated $505,000 in Sales; Highest Industrial Gas and Welding Supply Sales in Company History

Perma-Fix Reports Results for the Fourth Quarter and Fiscal 2017

Wed, 14 Mar 2018 07:00:00 EDT

ATLANTA, GA--(Marketwired - March 14, 2018) - Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the "Company") today announced results for the fourth quarter and full year ended December 31, 2017.

Mark Duff, Chief Executive Officer, stated, "We achieved $2.4 million of adjusted EBITDA (as defined below) for the year ended December 31, 2017 versus $575,000 for 2016. This improvement was due primarily to the 17% increase in Treatment Segment revenue, reflecting both organizational changes and growth initiatives over the past year. We expect these initiatives to positively impact our revenue through 2018. For the fourth quarter of 2017, waste receipts were up; however, our Treatment Segment revenue recognition was affected by timing and the particular mix of waste we received. Importantly, backlog is growing heading into 2018, as evidenced by a 46% increase at year end. Moreover, we achieved positive adjusted EBITDA for the quarter and anticipate continued improvement in 2018 as we focus on new revenue opportunities in the Treatment Segment and initiatives within our Services Segment begin to take hold."

CWTI Receives Milestone Payment of $425,000 From Chemsbro

Tue, 13 Mar 2018 08:00:00 EDT

GUELPH, ON--(Marketwired - March 13, 2018) - Dr. Gene Shelp, CEO of Current Water Technologies, Inc. (TSX VENTURE: WATR) ("CWTI" or "the Company"), is pleased to announce that the Company has received a milestone payment of CAD $425,000 from Chemsbro of the Kingdom of Saudi Arabia (KSA). To date, CWTI has received a total of CAD $1,400,000 toward the purchase of the ESD 900K system. The final payment of approximately CAD $400,000 will be received immediately prior to shipping the system.