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October 2007

Amerex Group to purchase waste treatment facility

Amerex Group, Inc. announced that it has entered into a Letter of Intent to purchase Perma-Fix Treatment Services, Inc. of Tulsa, Oklahoma from Perma-Fix Environmental Services, Inc.

The transaction is subject to Amerex completing its due diligence and the parties entering into a definitive agreement.

The initial terms stipulate that Amerex will pay $2.2 million for all of the assets and the assumption of certain liabilities of Perma-Fix Treatment Services, Inc., with final terms to be determined prior to September 30, 2007 at which time the parties are expected to have executed a definitive purchase/sale agreement.