FEBRUARY 2011
                                        

  BUSINESS/ORGANIZATIONAL BRIEFS

Transact Payment Systems expands with new building

Transact Payment Systems recently purchased a new 24,000 sq.ft. building in order to consolidate Transact’s in-house operations and to operate as its new corporate headquarters. The new facility is located in Florida. The building has been transformed into a state-of-the-art office, warehouse and test facility.

Transact also added to its corporate staff. Lou Albano in marketing and sales and Paul Colby in network technical support have joined the company. More growth is expected for 2011 in an effort to offer the utmost in solutions and customer support.

Transact pioneered the use of ATMs in scrap yards and has a large market share with Scrap Dragon, its scrap purchasing software and cameras using JPEGger imaging software. The ATM is fast becoming a fixture in scrap yards throughout the United States.

Phillip M. Krieger named CFO for Upstate Shredding

Upstate Shredding – Ben Weitsman & Son, announced that Phillip M. Krieger has joined the company as chief financial officer, effective immediately. Prior to joining Upstate, Krieger was chief operating officer and chief financial officer for Sims Metal Management East.

Krieger will supervise financial matters for Upstate Shredding LLC as well as its sister company Ben Weitsman & Son, Inc., both headquartered in Owego, New York as well as other company facilities located in Binghamton, Ithaca, Jamestown, Liberty, Owego and Syracuse, New York and Towanda, Pennsylvania.

Before joining Sims, Krieger was chief operating officer and chief financial officer of Mercer International Group’s Fairless Iron and Metal of Trenton, New Jersey.

Krieger has had a distinguished 20 year career in business and finance. He spent six years with Coopers & Lybrand’s Financial Services Audit Group before becoming corporate controller and treasurer for Sales Dynamics, Inc. for three years. After that he spent five-years as chief financial officer and chief operation officer of Advanced Telecommunications Network, Inc., and later six years as general manager of Boathouse Row Sports, Ltd.

Albuquerque and Acme merge with Ace Metals

Albuquerque Metals Recycling and Acme Iron & Metal have merged with Ace Metals, Inc. of Albuquerque, New Mexico, to form the largest scrap metal processor in the state of New Mexico. They have purchased a new shredding plant from Metso Texas Shredder.

The shredding plant will feature a complete ferrous and nonferrous downstream with magnetic separation equipment from SGM, Sarasota, Florida, and sensor sorting technology from Steinert U.S. Installation is scheduled for summer 2011.

Benlee adds general sales and marketing manager

Benlee, headquartered in Romulus, Michigan, has hired Jim Reeves as the company’s general sales and marketing manager.

Reeves’ primary responsibilities will include overseeing the national and international trailer and truck sales, product development and all of Benlee’s marketing strategies.

Reeves is a 15 year veteran of the waste industry and prior to joining Benlee was the South region sales manager at Rudco Products from 2003 to 2010.

Deffenbaugh buys trash and recycling operation

Deffenbaugh Industries has acquired Roll Off Service, Inc. and Advantage Recycling of Bethel Heights, Arkansas. The companies operate in Arkansas, Oklahoma, Missouri, Kansas and Texas. In business since 2001, they provide solid waste collection, transfer and disposal, as well as recycling services to approximately 25,000 residential, commercial and industrial customers.

Customers of Roll Off Service and Advantage Recycling will see no interruption in service.

Schnitzer Steel acquires State Line Scrap

Schnitzer Steel Industries, Inc. has entered into a definitive agreement to acquire substantially all of the assets of State Line Scrap Co., Inc. and certain of its affiliates. State Line and affiliates operate from facilities in Attleboro, Massachusetts.

Terms of the transaction were not disclosed.

Timken acquires City Scrap and Salvage

The Timken Company announced that its wholly owned subsidiary, TSB Metal Recycling LLC, has purchased substantially all of the assets of City Scrap and Salvage Co. in Akron, Ohio.

City Scrap, which employs 30 people, has a long-standing relationship with Timken, supplying the company for more than 15 years as a local source of the ferrous scrap needed for its operations.

The City Scrap acquisition will streamline Timken’s supply of scrap, improving efficiency and increasing supply chain reliability. While the new venture will simplify Timken’s ability to effectively recycle the industrial scrap generated from its own bearing and steel operations, City Scrap also will continue to buy scrap from dealers and individuals at its location in Akron.

Nucor names John Ferriola president and COO

The board of directors of Nucor Corporation appointed John J. Ferriola president and chief operating officer of the company and elected him to the board to serve in the class of directors with a term expiring at the company’s 2012 annual meeting of stockholders. Daniel R. DiMicco, who has served as Nucor’s president and chief executive officer since 2000 and also as its chairman since 2006, will continue to serve as Nucor’s chairman and chief executive officer.

Ferriola had served as Nucor’s chief operating officer of Steelmaking Operations since 2007. He was an executive vice president of Nucor from 2002 to 2007 and a vice president from 1996 to 2001. He has been employed by Nucor in various capacities since 1991, including serving as general manager at three Nucor facilities, in Texas, Nebraska and Indiana.

Rumpke purchases assets of RLS Recycling

Rumpke of Ohio, Inc. purchased certain waste collection, hauling, disposal and recycling assets from RLS Recycling located in Chillicothe, Ohio.

The acquisition included about 30 waste collection vehicles and utility equipment adding to Rumpke’s already existing Central and Southeast Ohio service areas in Columbus, Chillicothe, Circleville, Wellston and Georgetown, Ohio.

Rumpke has already begun serving former RLS customers and will mail notification letters to the new customers announcing the change. Rumpke will initially maintain the same collection schedule as RLS and customer service will remain uninterrupted during the transition.

Rumpke also welcomed nearly 50 new employees from RLS, including drivers, mechanics, equipment operators, laborers and office personnel.

BacTech Environmental appoints director

BacTech Environmental Corporation has appointed a new member to its board of directors.

MaryAnn Mihychuk has joined the board of BEC effective immediately. Mihychuk is a professional geoscientist with over 33 years of experience in the mining industry. She presently advises public and private companies on issues related to governance, social responsibility and regulatory matters. Prior to that, she was director of corporate relations for HudBay Minerals. She also held the position of minister of mines in the Manitoba government and served as a member of the Manitoba Legislature for nine years.

Mihychuk has extensive community engagement experience with Canada’s Aboriginal Peoples and was instrumental in building a relationship between the Prospectors and Developers Association of Canada (PDAC) and Assembly of First Nations. Mihychuk is also the founder and chair of Women in Mining Canada and she sits on the board of the PDAC.

The BEC board of directors has also approved the issuance of 2,100,000 options to purchase common shares of the company to twelve directors, officers, employees and consultants of the company. The exercise price of the options is $0.15. They are subject to a four month hold and have a term of five years.

The total number of outstanding options under the company’s plan is 2,100,000 or approximately 7.8 percent of the outstanding shares.

Adam Rosenthal joins Upstate Shredding

Adam Weitsman, president of Upstate Shredding – Ben Weitsman & Son, announced that Adam S. Rosenthal has joined the company as director of acquisitions. Prior to joining Upstate, Rosenthal was general manager of scrap metal facilities for Schnitzer Steel Industries, Inc.

Prior to joining Upstate, Rosenthal had operational responsibility for six northeastern Schnitzer Steel facilities. Before that, he held management positions with New York Recycling Ventures, a division of Metal Management NE, Inc.; W. Silver Recycling; Commercial Metals Company; Albert Bros., Inc.; Recycling Industries; Staiman Recycling/Brothers; David J. Joseph Company and World Resources.

Tire International names Martin Sergi as CFO

Tire International Environmental Solutions, Inc., announced that it has named Martin Sergi as chief financial officer. Sergi was also elected to the company’s board of directors.

Sergi has over 25 years of experience in running private and publicly owned waste management companies in the tire recycling business. He has raised over $1 billion in debt and equity financings over the years and has successfully built companies from inception to $200 million in sales and $350 million in assets.

Sergi served as chief executive officer of PermaLife Products from 2001 to 2010. Prior to PermaLife, he was chief executive officer and chief financial officer of KTI Holdings. He built or acquired over 100 recycling facilities in 20 states and Canada and managed an operating staff of over 500 employees.

Sergi is currently president of Mall at the Galaxy in Guttenberg, New Jersey. He formerly was a senior manager for Ernst & Whinney.

Mark Reiter appointed to NRC board of directors

Mark Reiter, assistant vice president and chief lobbyist for the Institute of Scrap Recycling Industries (ISRI), has been appointed to the board of directors of the National Recycling Coalition (NRC) as part of an expansion of its board of directors.

The new appointee will serve for one year and then be eligible to stand for election.

Bion Enviromental names new CEO and director

Bion Environmetal Technologies, Inc. announced that Bill O’Neill joined Bion’s management team as its chief executive officer and a member of Bion’s board of directors, effective January 1, 2011.

O’Neill has over 20 years experience in the agriculture and food services industries. Most recently, he served as vice president – business development for Advance Brands. Throughout his career, O’Neill has focused on leveraging the latest technologies to the competitive advantages of his customers. His advance recognition of cutting edge methodologies in both manufacturing processes and retailer strategies has provided a primary basis for his successful senior management career.