SPRINGDALE, Ark., Sept. 22, 2008 (GLOBE NEWSWIRE) -- Advanced Environmental Recycling Technologies, Inc. (Nasdaq:AERT) ("AERT"), a leading plastics recycler and manufacturer of Green composite building products, announced today that construction has commenced on its 70,000 square foot plastic recycling facility on a 60 acre site near Watts, Oklahoma. Crossland Construction has started the initial dirt and runoff retention work on the site, which will be followed by construction of new buildings and infrastructure. The new state of the art polyethylene film and packaging waste recycling facility is being built next to an existing hog feed facility that is being converted for use in the project.
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A 70,000 sq. foot building had been ordered previously and is scheduled to be delivered by the manufacturer, Metco Supply, on October 15, 2008.
"The plant will wash, clean, and separate polyethylene materials such as polyethylene food packaging and wrapping films and will utilize AERT recycling technology to provide us with consistently lower cost raw material. As this plant helps us to contain our costs by sourcing our own raw material, the pricing power we gain will benefit consumers and the expense reduction will benefit our stockholders," stated AERT President, Tim Morrison. "Upon successful completion of the Watts construction project, AERT will further demonstrate that sustainability and affordability are the hallmark of the AERT difference."
The company will be working with the Birkhill Group and the AGORACOM on-line community to keep investors updated on the progress of construction. Currently, AERT expects that this facility will be in initial operation by the end of Q1 2009.
About Advanced Environmental Recycling Technologies, Inc.
Since 1989, AERT (Nasdaq:AERT) has pioneered the use of recycled polyethylene plastic in the manufacture of composite building materials. With its constantly evolving portfolio of patented and proprietary recycling technologies, AERT has been widely recognized as a leader in resource conservation innovation and received the EPA Award for Environmental Excellence for its process of converting scrap plastic to composite outdoor decking. AERT converts reclaimed plastic and wood fiber waste into quality outdoor decking systems, fence systems, and door and window components. The Company is the exclusive manufacturer of Weyerhaeuser ChoiceDek(r) decking, which is available in multiple colors and is sold in all Lowe's Home Improvement stores. See http://www.choicedek.com for more information. AERT's MoistureShield(r) decking program is expanding and products are available in many parts of the U.S. now, with national distribution planned for 2008. See http://www.moistureshield.com for product information or to find a regional distributor or dealer. AERT operates manufacturing facilities in Springdale and Lowell, with a raw materials facility in Junction, Texas and a state-of-the-art recycling facility under construction in Watts, Oklahoma. This LEED certified recycling facility is expected to be operational in the first quarter of 2009. For more information on the Company, visit http://www.aertinc.com.
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Certain statements in this news release regarding projected results of operations, or, projected results of financial plans or future strategies and initiatives, including, but not limited to, projections of revenue, projections of profitability, any and all future expectation, and plans for future activities may and should be regarded as "forward-looking statements" within the meaning of the Securities Litigation Reform Act. These statements involve, among other things, known and unknown risks, uncertainties and other factors that may cause AERT, Inc.'s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. AERT currently is considering, but may or may not in the future implement any or all of the items and issues listed in any planned budget or strategic initiative, due to, among other things, known and unknown risks, uncertainties and other factors.
AERT, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, change in strategy, or otherwise. The above-mentioned listing of risks and uncertainties is not inclusive. For a more detailed discussion of some, but not all, of the risks and uncertainties that may affect AERT, Inc., see AERT, Inc.'s filing with the Securities and Exchange Commission, including its Annual Report on Form 10-K, for the fiscal year ended December 31, 2007 and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2008.
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