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June 2007

BUSINESS/ORGANIZATIONAL BRIEFS

CEO of Retriever Waste honored by Office Depot

Mary L. Catona, president and CEO of Retriever Waste Management, has been selected by Office Depot as the recipient of the 2007 Office Depot “Businesswoman of the Year” Award.

Catona is a pioneer in the field of waste and recycling management. In 1990, Catona became the first woman in the United States to own and operate a national waste and recycling brokerage. Catona’s insights and methods in the field of waste management have had a marked impact on the industry.

Catona was nominated for the award by the Philadelphia chapter of WIPP (Women Impacting Public Policy) where she is an active member. Catona was chosen for her exemplary leadership and entrepreneurial spirit, as well as her dedication to helping other women business owners succeed in their chosen fields.

EnviroVantage appoints senior estimator

EnviroVantage, Inc. announced the appointment of Earl Cook as senior estimator.

Cook comes to EnviroVantage from Environmental Contractors, Inc. (ECI), which specializes in asbestos removal. Cook served as northeast regional manager, restoring ECI to profitability by diversifying its services and by working closely with managers to ensure the maximum return on each project.

EnviroVantage managed over 350 environmental cleanup projects is 2006.

IronPlanet promotes Groves, Pyron

IronPlanet™ has promoted two associates into vice president roles.

Andy Pyron has been promoted to vice president of national accounts. Before working for IronPlanet, Pyron was vice president of business development at Linc.net, an engineering and construction company in the communications and energy industries. Pyron has also held positions with MasTec, Neff Corporation and Hertz Equipment Rental Corporation. He has 29 years of experience in industrial fleet asset management.

Mike Groves has been promoted to vice president of territory sales. In his previous job with IronPlanet, Mike was regional sales manager for the Southeast. Before working for IronPlanet, Groves was regional used equipment manager for Nortrax Southeast. Groves also held the position of vice president and general manager of Forke Brothers for 11 years.

CRI founder retires, new executive director hired

Scott Trundle, chairman of the board of the Container Recycling Institute (CRI) announced that founder and executive director Pat Franklin retired in April.

Franklin founded the Container Recycling Institute in February of 1991, to provide research on beverage container sales and recycling trends and to serve as a clearinghouse on container deposit laws.

Trundle also announced Elizabeth McLaughlin as Franklin’s successor. McLaughlin has nineteen years of non-profit environmental advocacy and public policy experience. She was previously with the Connecticut Audubon Society, where she served as environmental affairs director. McLaughlin served as the legislative issues director for the Sierra Club/Connecticut Chapter, executive director of the Farmington (CT) River Watershed Association and Connecticut director for the Regional Plan Association.

Hall joins East Trailers as regional manager

Charles Hall recently joined East Manufacturing as Southeast region manager. In his new position, Hall will be responsible for customer sales and support activities in South Carolina, Georgia and Florida.

Prior to joining East, Hall worked for Heavyquip, a supplier of heavy equipment parts. Altogether, Hall has over 20 years experience in the sales and support of heavy industrial equipment.

Range Fuels appoints new VP of production

Range Fuels, Inc. announced that Kevin Biehle has joined the company as vice president of production. Biehle will be responsible for all plant operations and ethanol production.

Most recently, Biehle was vice president of plant operations for VeraSun Energy Corporation where he was responsible for all aspects of operations for two ethanol production facilities and where he provided operation guidance for three additional facilities in varying stages of construction. Before VeraSun, Biehle spent 20 years at BASF Corporation, where his most recent role was the management of all operations for a newly- acquired engineering plastics site.

Total Resource Auctions adds locations

The Total Resource Auctions has expanded with the addition of three new operating locations in Fontana, California, Kansas City, Missouri and Omaha, Nebraska.

Total Resource Southern California held its first sale in late January, and continues to hold sales at the Fontana, California operating location every Tuesday, offering more than 200 inoperable and damaged vehicles weekly, with the number expected to double in the near future.

Total Resource Southern California is located on a separate 10.5-acre site from Southern California Auto Auction. The 13,000 square-foot facility includes a warehouse that will soon serve as a mechanic shop.

A sale at Total Resource Omaha is held every Thursday at Omaha Auto Auction and features 100 late-model salvage and inoperable vehicles each week.

Total Resource Kansas City hosts sales every Wednesday. Located on five acres at the Kansas City Auto Auction, Total Resource Kansas City offers customers close to 200 inoperable and damaged vehicles weekly.

OmniSource receives 2007 Torch Award

OmniSource has been recognized by the BBB of Northern Indiana with its 2007 “Torch Award” for Marketplace Ethics. The award is given to companies that demonstrate ethical leadership in the business community.

OmniSource was specifically chosen for its ethics policies, focus on employee and customer safety, and “customer first” culture.

Veolia Environnement acquires SULO Group

Veolia Environnement announced an agreement with The Blackstone Group and Apax Partners to acquire Sulo, the second largest waste firm in Germany. The acquisition, for an enterprise value of $1,450 million (including financial debt), will be carried out by Veolia Environnement.

With annual revenue of around €$1.3 billion in 2006, Sulo is the second largest waste management operator in Germany. Sulo employs 7,700 people, including 6,300 employees in Germany.

Upon the completion of the acquisition, the company’s waste management division, Veolia Environmental Services, will have revenue in Germany totaling approximately $1,500 million, or around 16% of the division’s global revenue.

Waste Management sets first quarter earnings

Waste Management, Inc. announced financial results for its first quarter ended March 31, 2007. Net income for the quarter was $222 million, or $0.42 per diluted share, compared with $186 million, or $0.34 per diluted share in the prior year period, a 24% increase in earnings per diluted share.

Income from operations as a percent of revenue improved by 160 basis points to 15.1% in the first quarter of 2007. Revenues for the quarter were $3.19 billion as compared with $3.23 billion in the year ago period as the Company continued to execute its strategy to divest underperforming operations and accounts. First quarter 2007 revenues were up $24 million on a year-over-year basis, excluding the divestiture of underperforming operations representing $65 million of revenues.

The Company noted a $6 million after tax, or $0.01 per diluted share, restructuring charge in the current quarter’s results.

Gerdau Ameristeel hires communications director

Gerdau Ameristeel announced that Steven Hendricks has joined Gerdau Ameristeel as director, corporate communications and public affairs. Steven will help promote and position Gerdau Ameristeel externally. His focus will be media relations, government affairs, brand management and community relations. He will work in the corporate executive office in Tampa, Florida, and report to Mario Longhi, president and CEO.

Stericycle reports strong first quarter 2007

Stericycle, Inc. reported revenues for the quarter ended March 31, 2007 were $211.0 million, up 17.7% from the first quarter of 2006. Acquisitions less than 12 months old contributed $13.9 million to the $31.8 million revenue growth in the first quarter of 2007. Gross profit was $94.2 million, up 19.7% from the first quarter last year. Gross profit as a percent of revenues was 44.7% versus 43.9% in the first quarter of 2006.

Net income for the first quarter of 2007 was $29.4 million or $0.65 per diluted share compared with net income of $23.5 million or $0.52 per diluted share for the first quarter of 2006.

Cash flow from operations was $52.9 million for the first quarter. Cash flow and increased loan balances funded $46.1 million in stock repurchases, $14.6 million in acquisitions and $10.3 million in capital spending.

Irving Rifkin Scholarship winners announced

OmniSource Corporation has announced the 2007 winners of the Irving Rifkin Memorial Scholarship. A strong advocate of continuing education, OmniSource created the scholarship program to benefit the children of OmniSource employees. Named after OmniSource’s founder, the Irving Rifkin Memorial Scholarship is awarded annually to students who demonstrate academic excellence and significant extracurricular involvement.

This year’s winners are Aaron Mervis (son of Kokomo employee William Mervis), Kristy Minick (daughter of Fort Wayne employee David Conser), and Jeff Wenglikowski (son of Bay City employee Chris Mrozinski). The $1,000 scholarships are renewable for up to four years the recipients attend an accredited institution and maintain outstanding academic and community involvement.

Screw Conveyor announces new hires

D. Warren Knapp P.E. has joined Screw Conveyor Corporation as the firm’s new director of engineering. Knapp will lead the engineering efforts at the 75 year old company.

Knapp has experience in the design and application of bucket elevators, drag conveyors and a variety of other bulk material handling equipment, most recently having served eight years as the director of engineering for The Essmueller Company.

Joe Ong has joined Screw Conveyor Corporation of Hammond, Indiana as the manager of engineered product sales. In this role, he will oversee engineered application business development and sales efforts for the firms’ custom solutions for the bulk material handling industry.

Bayne names Greg Keller purchasing manager

Bayne Premium Lift Systems, a manufacturer of hydraulic cart lifters for refuse collection vehicles and commercial/industrial applications, has hired Greg Keller as purchasing manager.

Keller will be responsible for obtaining supplies and materials used in Bayne’s production processes. He also oversees the company’s inventory management and lean manufacturing systems, and provides staff training on lean manufacturing.

Prior to joining Bayne, Keller served as quality engineering manager with Mergon Corp., a plastics molding company in Anderson, South Carolina.

Gannon & Scott gain ISO 9001:2000 Certification

Gannon & Scott, a refiner and assayer of precious metals since 1919, has received the International Organization for Standardization (ISO) 9001:2000 Certification for its Analytical Laboratory.

ISO 9001:2000 is recognized with worldwide acceptance as the comprehensive international standard that defines quality. It provides independent periodic auditing to ensure compliance as well as monitoring continuous improvement initiatives. ISO 9001:2000 defines, validates, and measures compliance on work processes including its engineering, project management, production, customer satisfaction and quality.

The awarding of ISO 9001 certification was the culmination of an intensive audit of Gannon & Scott’s Quality Management System.

Atlas Copco opens service center in Denver

Atlas Copco Construction Tools LLC announced the opening of a new regional service center in Denver, Coloradi.

The company has hired Ron Brooks as service center manager for the Denver location. Brooks previously held the position of locomotive general foreman at Union Pacific Railroad and has 12 years of experience working in the heavy machinery and service management industry.

In addition to a fully equipped workshop, the center has a dedicated service truck to offer assistance with new equipment setup or maintenance in the field. The Denver location places trained Atlas Copco technicians within a day’s drive of West Coast customers.

Atlas Copco will also utilize the Denver service center as an outlet to sell products directly to end users.


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