CECO Environmental Corp. Reports First Quarter 2016 Results

Vertex Energy, Inc. Sells Nevada Facility for $35 Million

Sale and Related Transactions Reduces Debt and Strengthens Cash Position to Over $10 Million; Swap Agreement to Cut Transportation Costs, Boost Margins

HOUSTON -- Vertex Energy, Inc. (VTNR), an environmental services company that recycles industrial waste streams and off-specification commercial chemical products, announced today that it has sold its Nevada re-refinery facility, which is located in Churchill County, to Clean Harbors, Inc. for $35 million, of which approximately $14 million was immediately used at closing to purchase the facility and equipment previously leased by Vertex Energy in order to facilitate such sale.

Benjamin P. Cowart, Chairman and CEO of Vertex Energy, said, "This transaction benefits Vertex Energy in a variety of ways, not the least of which is by strengthening our balance sheet. As we noted in our third quarter Form 10-Q filing and on the conference call that followed, the Churchill County facility had an average carrying cost of $1.5 million per quarter. We eliminate those costs with this transaction. At the end of the third quarter of 2015, our cash and cash equivalents were over $4 million. This sale and related transactions will bring that cash position to more than $10 million. We also used $16 million of sale proceeds to pay down our term debt."

Vertex Energy, Inc. Announces Second Quarter 2015 Financial Results

Revenue Down 31.7%, Gross Margins of 11% in Second Quarter 2015 --- Conference Call Tomorrow August 11, 2015 at 9:00 A.M. EDT

HOUSTON--- Vertex Energy, Inc. (NASDAQ:VTNR), an environmental services company that recycles industrial waste streams and off-specification commercial chemical products, announced today its financial results for the three and six months ended June 30, 2015. The Company will host a conference call tomorrow, August 11, 2015 at 9 am EDT.

FINANCIAL HIGHLIGHTS FOR THREE MONTHS ENDED JUNE 30, 2015

• Revenue for the second quarter of 2015 versus second quarter of 2014 was down 31.7% to $49.1 million, resulting in Net Loss of ($0.02) Per Share.
• EBITDA* of $1,673,094 for the three months ended June 30, 2015.
• Overall volumes of product sold, which illustrates our reach into the market, increased 19% for the second quarter of 2015 over second quarter of 2014.
• Street collections increased 36% year over year (for the second quarter of 2015 versus 2014).

  Published: 11 August 2015

  Written by Editor

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PyroGenesis Announces Signing of an Exclusive Marketing License Agreement for $500,000 Plus Commitment for Six (6) 50 TPD Waste Treatment Systems Totaling Over $120 million

MONTREAL, March 4, 2015 - PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSXV:PYR.V), a TSX Venture 50® clean-tech company (the "Company" or "PyroGenesis") that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, announced today that it has signed an exclusive marketing license agreement (the "License") with a large Asian clean-tech project developer with whom the company has been working closely with for over 3 years (the "Licensee"). The terms of the License allow the Licensee to market PyroGenesis' line of plasma waste processing systems in the Licensee's country of origin for a period of five (5) years with an automatic five (5) year renewal based on certain performance milestones. The name of the Licensee and the country wherein exclusivity is given will remain confidential for competitive reasons; however, for clarity, Management notes that the country in question is highly industrialized, and that it is not China.