SOURCE: GETG

October 13, 2005 08:00 ET

Boston's GETG Wins Prestigious National Phoenix Award™

Only Brownfields Company to Win the Prestigious Award Twice for Federal Superfund Sites

WATERTOWN, MA -- (MARKET WIRE) -- October 13, 2005 -- The Greenfield Environmental Trust Group, Inc., or GETG, is the recipient of the 2005 National Phoenix Award™ for its groundbreaking redevelopment of the Mountain Pine Pressure Treating (MPPT) Federal Superfund Site in Plainview, Arkansas, the Watertown-based real estate development and strategic consulting firm announced today.

According to the Phoenix Award™ Executive Committee, GETG is the first two-time winner of the prestigious National Phoenix Award™ for federal superfund sites. The Executive Committee previously awarded the 2000 National Phoenix Award™ to GETG for its landmark redevelopment of the complex, highly contaminated, Industri-plex Superfund Site in Woburn, Massachusetts.

"I was thrilled to learn that GETG will receive the National Phoenix Award™ for re-use of the MPPT Superfund Site," said GETG Principal and Co-Founder Marc Weinreich. "Essentially we've enabled a landlocked, economically disadvantaged city to leverage the U.S. Environmental Protection Agency's (EPA's) superfund clean-up to acquire and redevelop a portion of this 95-acre hazardous waste site, in part by securing property control and debt-free public capital to finance construction of a new, light industrial facility. Plainview today enjoys new municipal revenues, taxes and one of the largest new job centers in the region. Most satisfying for me personally has been the preservation of Plainview itself -- a small town in rural Arkansas with a population of less than 750 -- whose very existence was threatened by the discovery of contamination and loss of its biggest employer," said Weinreich.

According to Harold Blalock, Plainview City Councilor and redevelopment advocate, "As a community, we are indebted to GETG. By figuring out how to redevelop this former wasteland, GETG has reclaimed our future. I can't honestly say that Plainview would still be here in ten years, but for GETG's effort. They're a rare combination of experience, imagination, and commitment."

"The National Phoenix Award™ is a great honor," said Cynthia Brooks, GETG Founder, President and Principal. "We are immensely grateful to the Phoenix Award Executive Committee for acknowledging the unique challenges faced by communities and responsible parties who undertake the clean-up and reuse of our nation's most hazardous waste sites -- federal 'superfund' sites."

About the National Phoenix Award™

The National Phoenix Award™ is the highest national honor for management excellence in brownfields real estate redevelopment. Brownfields are abandoned, idled, or under used industrial and commercial properties and facilities where expansion or redevelopment is complicated by real or perceived environmental contamination. They can be in urban, suburban, or rural areas. The National Phoenix Award™, awarded annually at the national brownfields conference jointly sponsored by EPA and the International City/County Management Association, will be presented this year in Denver on November 2-4.

About GETG

GETG is an award-winning real estate, management and strategic consulting company, providing development and multi-stakeholder alignment services to communities, government and industry since 1989. The company's two principals, Cynthia Brooks and Marc Weinreich, bring multi-disciplinary training and expertise in engineering, law, real estate, finance, communications and project management to brownfields reuse projects, including superfund sites. GETG is recognized as one of our nation's most experienced, trusted experts in redeveloping complex, contaminated waste sites -- aligning diverse, competing stakeholder interests to create meaningful multi-party real estate, economic and environmental value. GETG is certified as a Minority and Woman-Owned Business Enterprise (M/WBE).

Ms. Brooks

Ms. Brooks is one of the nation's earliest pioneers and leaders in brownfields transactions, value creation and reuse implementation. Her sixteen years of award-winning work has inspired many innovative brownfields programs and made her a frequent speaker, lecturer and advisor to public and private parties on brownfields. Ms. Brooks' prior professional experience includes almost a decade in the oil industry, including management responsibilities for new facilities and operations on the North Slope of Alaska. Ms. Brooks graduated summa cum laude with a Bachelor of Science in Civil Engineering from Duke University and earned her Masters in Business Administration with honors from the Harvard Business School.

Mr. Weinreich

Mr. Weinreich's prior professional experience includes extensive transactional and other complex project management as a senior business executive and large firm lawyer, teaching college students at Columbia University and Pace University in New York City, and diverse activities as a trained and experienced mediator with advanced work in interpersonal systems theory and structured interventions in support of conflict resolution. Mr. Weinreich has a J.D. from Boston University School of Law, where he was a Paul J. Liacos Scholar and served as Executive Editor of the Annual Review of Banking Law, and Masters of Philosophy and Masters of Arts degrees from Columbia University, where he was distinguished as a Presidential Fellow for five years. For further questions, contact: Marc Weinreich -- 617-512-8063 or at mw@g-etg.com or visit www.g-etg.com.

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