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December 2007

BUSINESS/ORGANIZATIONAL BRIEFS

Gary Phillips becomes APRA treasurer

Gary Phillips was named treasurer of the Automotive Parts Remanufacturers Association (APRA) during their recent “International BIG R Show” in Las Vegas, Nevada.

Phillips served for three years as chairman of APRA’s heavy duty transmission division and several years as a member of the APRA board of directors. He was also instrumental in helping to form APRA’s Heavy Duty Remanufacturing Group in 2005 and assisted in organizing the first Heavy Duty Remanufacturing Summit just prior to the 2006 Heavy Duty Aftermarket Week in Las Vegas.

Phillips will serve on the APRA Executive Committee and will be APRA chairman in 2011.

Geocycle acquires Premier Environmental

Geocycle US announced an agreement with the principals of Premier Environmental Management, Inc. of South Carolina to acquire its waste management business.

Premier Environmental Management, Inc. specializes in providing cost-effective waste management solutions to a wide variety of industries interested in sustainable waste management options.

Since January 2006, Premier Environmental Management, Inc. has been conditioning a range of recoverable materials at their St. George facility for co-processing by the cement industry in South Carolina. To date, the company has processed 70 million pounds of recoverable materials for utilization in local cement kilns.

Rolled Alloys acquires Super AlloysInternational

Rolled Alloys announced the acquisition of Super Alloys International, Ltd. located in the city of Milton Keynes, United Kingdom. As part of Rolled Alloys, this location will continue operations and be known as Super Alloys International, Ltd.

Super Alloys International Ltd. has a 20,000 square foot facility with processing equipment that includes bar saws, plate saws and shears.

Schnitzer pays dividend

The board of directors of Schnitzer Steel Industries, Inc. declared a cash dividend of $.017 per common share, payable on December 3, 2007, to shareholders of record on November 19, 2007. Schnitzer has paid a dividend every quarter since going public in November 1993.

Solar Power Partners expands, adds executives

Solar Power Partners (SPP) is opening offices in Southern California and the Northeast and is moving its San Francisco Bay Area headquarters into larger 4,000 square foot offices. The company also announced it is adding to its management team and advancing two key executives within the company.

Solar Power Partners welcomed new vice president of finance, Roger Lerrick (CPA), new vice president of regional sales for the East Coast market, Dan Poore, new counsel, Joe Harn, Esquire, and has promoted Hugh Kuhn to vice president of operations and technology and co-founder Alexander V. Welczeck to president & CEO. Former CEO, Craig Hunt, will remain active as co-founder and senior advisor.

The SPP management team will be headquartered at a new administrative and operations facility in Mill Valley, California.

MHF Logistical Solutions names president and CEO

MHF Logistical Solutions Inc. has named Tom Piatak president and chief executive officer.

Piatak is a transportation industry veteran with extensive experience managing rail and intermodal operations.

In his new role, Piatak is responsible for overseeing business operations including business development, finance and administration, project development and safety and quality assurance.

Prior to joining MHF-LS, Piatak was president and chief operations officer for VEXURE, a Florida-based transportation and logistics provider. Piatak contributed to the Company’s success by aligning top line management to facilitate revenue growth from $42 million to $178 million over a four-year period.

Universal Stainless names Oates to board

Universal Stainless & Alloy Products, Inc. announced that Dennis M. Oates has joined the company’s board of directors.

Oates fills the independent board seat left vacant by the retirement of George Keane in May. Oates also will serve on each of the established committees of the four-member board.

Oates brings extensive steel industry experience to his position as director of the company. He most recently served as senior vice president of the Specialty Alloys Operations of Carpenter Technology, which he joined in 2003. From 1997 to 2002, Oates was president and chief executive officer of TW Metals, a private metals distribution and processing company. He held the post of president and chief operating officer for Connell Limited Partnership, a company that operated six metals businesses.

Biogold Fuels appoints new directors to board

The parent company of Biogold Fuels Corporation announced that it has appointed Walter Wendland, Frederich C. Voelker and Daniel C. Najor to its board of directors.

Wendland is currently chief executive officer of Golden Grain Energy LLC and serves on the boards of the Iowa Renewable Fuels Association and the national Renewable Fuels Association. Wendland’s experience includes 15 years as a supervisor working with metal fabrication, creating experimental parts for John Deere and developing processing equipment for Cargill, ADM and Iams pet food.

Voelker is currently the chief executive officer of The Venture Banc, Inc. of Denver, a firm that specializes in assisting companies in the raising of debt and equity capital. Since 1986, Voelker has been involved in the ownership, management, and is a director/CEO of two venture capital companies.

Najor is currently the chief executive officer of the Food Palace Supermarket, a successful grocery located in Southern California. Najor began his entrepreneurial pursuits twenty-nine years ago in the grocery business.

American LaFrance, LLC names president and CEO

American LaFrance, LLC announced that Bill Hinz has joined Patriarch Partners Management Group as the managing director, platform leader for the Aero, Auto & Truck Platform, which includes American LaFrance, Global Automotive Systems and MD Helicopters.

Hinz’ primary focus is to restructure and to institute the necessary processes to ensure that American LaFrance continues its great heritage in the fire, emergency services and vocational vehicle industries.

Effective immediately, Bill Hinz will assume the role as president and CEO of American LaFrance, LLC (ALF) in addition to his role as managing director. He will be responsible for the daily operations at ALF and the senior staff will report directly to him.

Hinz has more than 40 years of experience leading manufacturing companies in the aerospace, biotechnology, and telecommunications industries. He spent almost 30 years at Allied Signal, where he served, among other roles, as the president of Worldwide Aftermarket Repair and Overhaul and Distribution, as well as president and CEO of European Operations.

Waste Industries USA increases dividend

Waste Industries USA, Inc., announced that its board of directors approved a 25% increase in the Company’s quarterly dividend.

The dividend will increase from $0.12 to $0.15 per share of common stock and is payable December 15, 2007 to shareholders of record at the close of business on November 30, 2007. The dividend increase raises the annual dividend to $0.60 per share of common stock.

Safety-Kleen expands business into China

Safety-Kleen Systems, Inc., has expanded its operations into China, opening its first mainland office in October in the Shanghai World Trade Tower.

Safety-Kleen CEO and president Frederick J. Florjancic said Safety-Kleen International Asia Investment Co., Ltd., will be led by Henry Chan, an experienced strategic sourcing and supply chain management expert, and will initially focus on rapidly accelerating the company’s efforts to manufacture equipment and parts in China. Safety-Kleen will also seek to identify potential strategic partners as it evaluates opportunities for expanding its environmental services business in China.

Harsco increases services at ArcelorMittal

Harsco Corporation announced that its MultiServ mill services division has received a ten-year contract extension from ArcelorMittal Tubarao which will support the plant’s expansion from 5 to 7.5 million tons of slabs per year.

The contract extension includes nearly $60 million in added new services and continues MultiServ’s 12-year support of the client’s core processes. The contract adds important new service elements for the handling, processing and recovery of metallic content from the mill’s BOF (basic oxygen furnace) converter slag.

Under the new agreement, MultiServ is implementing a new slag processing area to handle the substantial increase in materials to be processed and recycled for use as an essential element in ArcelorMittal Tubarao’s steelmaking process.

Smurfit-Stone’s corporate credit rating improved

Smurfit-Stone Container Corporation’s corporate credit rating was raised by Standard & Poor’s (S&P) Ratings Services from ‘B’ to ‘B+’.

S&P called the company’s outlook stable, and raised the senior secured ratings of Smurfit-Stone’s subsidiaries from ‘BB-’ to ‘BB’ and senior unsecured debt ratings from ‘CCC+’ to ‘B-’.

S&P said the upgrade reflects the combination of Smurfit-Stone’s continued solid operating performance and debt reduction as a result of improved containerboard market conditions. Smurfit-Stone reduced its debt by $328 million in the third quarter 2007, largely as a result of the sale of its Brewton, Alabama, mill and nearly $1.2 billion from year-end 2005.

Bioenergy International opens research facility

BioEnergy International, LLC (BioEnergy), announced the launch of their research center in Massachusetts.

The 11,000 square foot lab will serve as BioEnergy’s strategic hub for leading innovation in the development and commercialization of next generation biofuels, biopolymers, and specialty chemicals from renewable sources.

The BioEnergy facility embodies the company’s mission to craft a strategically integrated program, design a pioneer facility, and assemble a team of renowned industry leaders in all critical areas of next generation biorefineries.

Dr. Mohammed Moniruzziman, vice president for research and development, is responsible for BioEnergy’s worldwide research and development efforts.

GreenHunter Energy appoints Walker to board

GreenHunter Energy, Inc. announced the appointment of Ronald H. Walker as an independent director of the Company.

Prior to his retirement in 2001, Walker was a senior partner with Korn/Ferry International for over 20 years.

Walker’s extensive record of government services includes special assistant to the President of the United States from 1969 to 1972 where he was the founder and first director of the White House Advance Office.

President Nixon appointed Walker the eighth director of the National Park Service in December 1972 where he served until 1975. In this position, he was charged with the preservation and care of the country’s National Park System areas encompassing 300 million acres of land.

Walker previously served as a consultant to the White House Personnel Office. He has also served as a senior advisor to four Presidents and on Special Diplomatic assignments abroad.

Income fund sells landfill gas interests

Algonquin Power Income Fund announced that a definitive agreement has been signed between Algonquin Power Fund (America) Inc., an affiliate of the Fund and Fortistar LLC, regarding the sale of six landfill gas powered generating stations and other related landfill gas assets owned by the Fund for US$11.69 million, subject to certain adjustments. The transaction was expected to close in November, 2007.