OAKVILLE, ONTARIO--(CCNMatthews - July 13, 2006) - Bennett Environmental Inc. (TSX:BEV)(AMEX:BEL) announced today that its has made changes to reporting structures in management, which BEI expects will streamline the operation, reduce SG&A costs, and reenergize the sales group.
Effective immediately, Tomasz Wesolowski, has received a promotion to V.P. of Operations and Engineering and will be responsible and accountable for all plant operations at Bennett's facilities in St. Ambroise, Quebec, Cornwall, Ontario, Belledune, New Brunswick and Kirkland Lake Ontario. Mr. Wesolowski has a B. Eng Sc. and a MA.Sc. in Engineering Physics and has over 20 years of business experience in the environmental arena.
Mr. Wesolowski will also head the integration of Bennett's newest acquisition, Trans-Cycle Industries, which will add $5 - $6 million in revenue and will achieve in excess of $800,000 of synergies over the next 12 months.
Also effective immediately and for an interim period, the U.S. Sales Team will report to Michael McSweeney, Bennett's Vice President Government and Environmental Affairs. Since much of the funding to remediate contaminated sites originates with the U.S. EPA Superfund, Mr. McSweeney will work with the U.S. Sales Team to ensure they fully understand the funding available and the schedule of projects that are being considered for funding by the Superfund.
In the meantime, Bennett has begun an executive search for both a President and CEO and a V.P. U.S. Sales.
Forward Looking Statements
Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and "confident" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. BEI believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release should not be unduly relied upon. These statements speak only as of the date of this press release. BEI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About Bennett Environmental Inc.
Bennett Environmental Inc. is a North American leader in high-temperature treatment services for the remediation of contaminated soil and has provided thermal solutions to contamination problems throughout Canada and the U.S. Bennett Environmental's technology provides for the safe, economical and permanent solution to contaminated soil. Independent testing has consistently proven that the technology operates well within the most stringent criteria in North America. For information, please visit the Bennett Environmental website at: www.bennettenv.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bennett Environmental Inc.
(905) 339-1540 ext 210