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AEXG Announces Completion of Abatement Activities in Oklahoma

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QualityStocks   Wednesday, 09/19/07 10:46:32 AM
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AEXG Announces Completion of Abatement Activities in Oklahoma

Amerex Group announced this morning that it has completed asbestos abatement activities on their 153 acre industrial site in Pryor, OK. Now that the year-long project is completed, $800,000 of cash will be available for the company’s. It will also allow Amerex to sell the property, which has been placed on the market with a $3 Million price tag.

The Chief Operating Officer, Stephen Onody, stated, “We are glad to have finished this project to the standards required by the regulators and satisfaction of former owners. We will soon ship the remainder of scrap metal and are about to enter into a contract for sale of the property.”

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