Amerex to Purchase Waste Water Plant for $2.2 Million

The Amerex Group, Inc. announced today that it has entered into a Letter of Intent to purchase Perma-Fix Treatment Services, Inc., 2700 S 25th West Ave., from Perma-Fix Environmental Services, Inc.

This transaction is subject to Amerex completing its due diligence and the parties entering into a definitive agreement. Perma-Fix Treatment Services, housed on more than 25 acres, and licensed to accept an extensive list of waste materials, includes a water treatment facility.

The initial terms of the agreement stipulate that Amerex will pay $2.2 million for all of the assets and the assumption of certain liabilities of Perma-Fix Treatment Services, Inc., and final terms will be determined prior to September 30, 2007 at which time the parties are expected to have executed a definitive Purchase/Sale Agreement.

Amerex Group, Inc. is a hazardous waste transportation and logistics firm headquartered in New York City with administrative headquarters at 1105 N. Peoria Ave. in Tulsa.

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