Perma-Fix reports record profits

Atlanta, GA— Perma-Fix Environmental Services, Inc. announced financial results for the first quarter ended March 31, 2006. Revenues for the first quarter of 2006 were $21.1 million versus $21.4 million for the first quarter of 2005, a decrease of 1.5%.

Income from continuing operations for the quarter rose to $1.1 million, from $109,000 in the same period a year ago. Net income applicable to common stock for the quarter grew to a record $678,000, or $0.02 per share, from a net loss applicable to common stock of $168,000 or $0.00 per share, for the same period a year ago. The 2006 net income applicable to common stock included a loss from discontinued operations of $450,000 from expenses incurred at the Company’s discontinued operations in Detroit and Pittsburgh.

Revenues for the nuclear segment rose 11.6% to $12.2 million, reflecting growing sales and new contracts in the mixed waste market. Revenue for the industrial segment was $8.2 million versus $9.8 million in the same quarter of the previous year.