Synagro Technologies, Inc. Announces First Day of Trading on NASDAQ National Market
August 05 2005 - 4:22PM
Business Wire
Synagro Technologies, Inc. (NASDAQ and ArcaEx Markets: SYGR), ("the
Company") announced today that on Tuesday, August 2, 2005, the
Company received notification from the NASDAQ that the staff had
approved the Company's application to change its listing from the
NASDAQ SmallCap Market to the NASDAQ National Market. On Thursday,
August 4, 2005, the Company began its first day of trading on The
NASDAQ National Market. Synagro Technologies, Inc. believes that it
is the largest recycler of biosolids and other organic residuals in
the United States and it believes that it is the only national
company focused exclusively on the estimated $8 billion organic
residuals industry, which includes water and wastewater residuals.
The Company serves approximately 600 municipal and industrial water
and wastewater treatment accounts with operations in 37 states and
the District of Columbia. The Company offers a broad range of water
and wastewater residuals management services focusing on the
beneficial reuse of organic, nonhazardous residuals resulting from
the wastewater treatment process, including drying and
pelletization, composting, product marketing, incineration,
alkaline stabilization, land application, collection and
transportation, regulatory compliance, dewatering, and facility
cleanout services. Safe Harbor Statement This press release
contains certain forward-looking statements, within the meaning of
the Private Securities Litigation Reform Act of 1995, which involve
known and unknown risks, uncertainties or other factors not under
Synagro's control which may cause the actual results, performance
or achievement of Synagro to be materially different from the
results, performance or other expectations implied by these
forward-looking statements. These factors include, but are not
limited to: the risk that our stockholders may not receive the
level of dividends provided for in the dividend policy adopted by
our board or any dividends at all; unseasonable weather; changes in
government regulations; the ability to find, timely close, and
integrate acquisitions; changes in federal wastewater treatment and
biosolid regulation; our ability to comply with federal, state and
local environmental regulations or to maintain and obtain necessary
permits; competition in the wastewater residuals management
business; the risk of early termination of customer contracts; our
level of debt; our ability to obtain additional financing; our
ability to maintain sufficient insurance; the effect of the
restrictions in our senior secured credit facility on our
operation; and our ability to service our debt. Other factors are
discussed in Synagro's periodic filings with the Securities and
Exchange Commission.
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