Bennett Environmental Inc.

Bennett Environmental Inc.

September 23, 2010 14:15 ET

Bennett Environmental Inc. Announces End of Current Saint Ambroise Campaign

OAKVILLE, ONTARIO--(Marketwire - Sept. 23, 2010) - Bennett Environmental Inc. (TSX:BEV) (the "Company" or "BEI") today announced that its current treatment campaign at its Saint Ambroise facility ended today. During the current campaign, which started on April 6, 2009, the Company completed the processing of soil received from Pottersburg and other smaller contracts. With the completion of the Pottersburg project the Company will be able to bill all outstanding holdbacks.

The Company continues to seek diversification opportunities. The collection of the Pottersburg holdbacks is expected to result in a cash position of approximately $60 million by the end of this year. These funds will be available to support the diversification process, assuming that a transaction has not been completed before that time.

As previously announced on July 8, 2010 the Company has entered into a contract to remove and treat approximately 10,500 tonnes of PCB contaminated soil located in southern Ontario. It is expected that the soil will be removed from the property in 2010. The soil will be processed at the Company's Saint Ambroise facility based on the operating requirements of the facility. The removal and treatment of the soil is subject to the client completing specified financial requirements.

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 treatment 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:

Contact Information

  • Bennett Environmental Inc
    Jack Shaw
    (905) 339-1540