JANUARY 2009

  BUSINESS/ORGANIZATIONAL BRIEFS

Epstein named marketing manager for Vesco Oil

Lena Epstein has been named general manager of marketing for Vesco Oil Corporation. She also serves on the company’s board of directors.

In this position, Epstein is responsible for developing and promoting the Vesco Oil brand throughout the Midwest to increase the company’s presence throughout the region.

Prior to her current position at Vesco, Epstein was director of process management. She has spent her professional career at the company, working in the company’s daily operations, including trucking, warehousing and dispatch, as well as the technical and sales aspects of oil lubrication and technology. She has overseen her own commercial vehicle and industrial sales territory and assisted the company in implementation of a new software and information management system.

Verenium makes organizational changes

Verenium Corporation, announced the departure of John A. McCarthy, Jr. from the position of chief financial officer effective immediately. Jeffrey G. Black, vice president and chief accounting officer of Verenium since April of 2005, will serve as interim chief financial officer while Verenium undertakes a search for McCarthy’s replacement.

Prior to joining Verenium, Black was executive director and corporate controller at Isis Pharmaceuticals, Inc., and prior to that, spent three years as a principal and interim financial executive for Regent Pacific Management Corporation, a financial advisory firm. While with Regent, he served as vice president of finance and corporate controller for Clarent Corporation and vice president and corporate controller of Accelerated Networks, both telecommunications companies.

Meg Morris named Recycler of the Year

At its recent annual meeting, the New York State Association for Reduction, Reuse & Recycling (NYSAR3) named Meg Morris, director for Environmental Science & Community Affairs at Covanta Energy, as Recycler of the Year for a Private Company.

John Waffenschmidt, Covanta’s vice president of Environmental Science and Community Affairs, noted the important role Morris has played since joining Covanta. He said she has expanded the company’s community relations and educational outreach to promote the benefits of using energy from waste to compliment local recycling efforts. Waffenschmidt added that Morris was instrumental in bringing the award-winning “Go Green Initiative,” an environmental education campaign, to both Covanta and the state of New York.

AEC opens subsidiary company in India

AEC, Inc. announced the establishment of AEC Auxiliaries India Pvt. Ltd. in Pune, India. Shubhendra Panse has been appointed regional sales manager of India.

Panse has over 20 years of experience working with leading engineering companies in India where he has worked in project management, sales and marketing in the capital goods industry. Prior to joining AEC, Panse worked for Webb India Pvt. Ltd. as vice president of marketing.

Doggett Machinery to serve as Morbark dealers

Morbark, Inc. a manufacturer of forestry and recycling equipment, announced that Doggett Machinery Services, Inc. has been awarded an exclusive dealership to serve the state of Louisiana.

Doggett Machinery Services consists of eleven construction and forestry equipment dealers located across the southeastern United States. Doggett will be adding Morbark equipment to its current line of John Deere, Hitachi, Timberjack, Sakai and Terex Roadbuilding products. Doggett’s Louisiana sales and service locations are Baton Rouge, Alexandria, Broussard, Covington, Monroe, Shreveport, Sulphur and Kenner.

Communications agency joins equipment group

Marketing Strategies & Solutions, a London, Ontario-based advertising and communications agency, has been elected to membership in the Association of Equipment Manufacturers (AEM), North America‘s international trade group for companies that manufacture equipment, products and services used in the agricultural, construction, forestry, mining and utility fields.

Robert Adeland, President of Marketing Strategies & Solutions, will be the firm’s official representative to the AEM trade group. He will join more than 6,500 industry executives from AEM member companies who participate in the trade group. The specific areas include safety and technical support, equipment market statistics, public policy, trade shows, education and training, and worksite safety.

Established by Robert Adeland in 1997, Marketing Strategies & Solutions has found a successful niche in the marketing world as a specialist in integrated communication services for “big iron” equipment manufacturers in Canada and the United States.

City Carton Recycling hires new sales manager

Collin R. Whitney is the new regional sales manager for City Carton Recycling’s northern Iowa territory, including Waterloo and Cedar Falls, Iowa. Whitney is responsible for developing customer recycling programs, confidential material handling programs, equipment sales and new sales opportunities for the Company.

Whitney has over 30 years experience in sales, customer service, and management experience. Prior to joining City Carton Recycling, he was owner and sales representative, Whitney Insurance Group, Winthrop, Iowa; sales representative, Genworth Financial, Chicago, Illinois; regional manager, Goodwin Tucker Group, Des Moines, Iowa; and office administrator, Brecke Mechanical, Cedar Rapids, Iowa.

Perma-Fix granted permit to treat radioactive PCBs

Perma-Fix Environmental Services, Inc. has received its commercial permit in the United States from the Environmental Protection Agency (EPA) Region 4 to commercially store and dispose of radioactive Polychlorinated Biphenyls (PCB’s) at the Company’s Diversified Scientific Services, Inc. (DSSI) subsidiary facility located in Tennessee.

Perma-Fix’s DSSI facility uses an EPA-authorized waste fuel boiler unit for the thermal destruction of radioactive and mixed (radioactive and hazardous) liquids and semi-solid wastes. In 2004, Perma-Fix DSSI began the permitting process to add TSCA-regulated wastes, namely PCBs, to its authorization in order to meet the demand for the treatment of radioactive PCB wastes.

GLR Recycling Solutions expands into New York

Roseville, Michigan-based GLR Recycling Solutions, announced that they have completed the acquisition of Frontier Fibers, of North Tonawanda, New York.

Frontier Fibers had been in business for more than 50 years where they provided recycling solutions to the Buffalo, New York area.

With the acquisition, GLR retained owner/operator Howard Wiseman and facility manager Josh Quant to oversee operations.

The North Tonawanda facility currently employs 16 people with expectations to increase staff as the demand for environmental services grows in the region.

Fortistar acquires landfill gas-to-energy project

Fortistar has agreed to purchase from a private developer a 3.2 MW landfill gas to energy project being constructed in Trinity Oaks, Texas. The acquisition will close in early 2009. Caterpillar Financial Services is providing financing for the construction and acquisition.

The White Plains, New York-based Fortistar will have interests in sixty green/renewable projects generating the equivalent of over 370 MWs after this acquisition is completed. This makes Fortistar one of the largest owners of landfill gas projects in the country with about 12 percent of operating landfill gas projects.

AEC establishes new subsidiary in India

AEC, Inc. announced the establishment of AEC Auxiliaries India Pvt Ltd in Pune, India. Shubhendra Panse has been appointed regional sales manager of India.

Panse has over 20 years of experience working with leading engineering companies in India where he has worked in project management, sales and marketing in the capital goods industry. Prior to joining AEC, Panse worked for Webb India Pvt Ltd as vice president of marketing.

Universal Stainless listed as best small company

Universal Stainless & Alloy Products, Inc. announced that Forbes magazine has ranked the Company 82nd on its annual list of the 200 Best Small Companies in America for 2008. This is the third consecutive year that Universal Stainless has been included on the list. In 2007, the Company was ranked 92nd.

To qualify for the list, Forbes requires that companies have sales between $5 million and $750 million, and a stock price of $5 as of September 29. The ranking is based on return on equity, sales growth and profit growth over the past 12 months and over five years.