SOURCE: USA Recycling Industries, Inc.
READING, PA--(Marketwire - May 31, 2012) - USA Recycling Industries, Inc. (PINKSHEETS: USRI), a Pennsylvania-based scrap metals recycler providing specialty recycling services throughout North America, today provides the following corporate update to shareholders and the investment community.
"Our company has made multiple advances this year to build a solid platform for future growth as well as gain access to new opportunities," stated Vincent J. Smith, CEO and Chairman. "As an example, we have completely redesigned our website to better communicate our list of waste management and recycling services to customers. The site also offers comprehensive information on our history and business model for investor due diligence."
"Other key initiatives include our move to new executive offices in Reading, PA, and the recently executed franchise and revenue sharing agreement with Recycling Franchisors, a privately held Delaware corporation," Smith continued. "We've also retained well-known SEC and Corporate Attorney Darren L. Ofsink whose international firm is based in New York City."
"Our team remains fully committed to building shareholder value and achieving total transparency to attract a broader investor base for support of our long-term growth plans. We will be keeping the investment community informed of all new developments," concluded Smith.
About USA Recycling Industries, Inc.
USA Recycling operates specialty recycling service centers engaged in the specialized business of collecting recyclable waste materials and providing specialty disposal services to the automotive service center industry. The Company derives revenues from the collection and sale of recyclable materials, as well as the waste disposal services it provides to the automotive service center industry. USA Recycling, through its systems, operating methods and alliances, is considered a leader in the national recycling market servicing the automotive service center industry.
For more information, please visit www.usarecyclingindustriesinc.com
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, further milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.