SOURCE: USA Recycling Industries, Inc.

September 30, 2011 13:07 ET

USA Recycling Industries, Inc. Discloses Corporate Events to the Public Domain

READING, PA--(Marketwire - Sep 30, 2011) - USA Recycling Industries, Inc. (PINKSHEETS: USRI), a scrap metals recycler servicing the automotive service center industry with commercial customers throughout North America, today announced several key corporate events that are expected to produce both short and long-term value for the Company and its shareholder base. The Company, through the outside accounting firm of Lynda R. Keeton CPA, LLC based in Henderson, Nevada, has finalized its financial statements through December 31, 2010 and along with the Company's Disclosure Statement both are expected to be released as current information to OTC Markets Group, Inc. in mid October 2011. Several key Corporate events resulted in the Company's decision to delay the release of its completed financial Statements and disclosure statement which are as follows:

1. The Company is in discussions with two (2) major used motor oil re-refiners, both privately-held firms, one based in the United States and the other Europe, to secure a direct end-user-consumer relationship for its collected Used Motor Oil. A final agreement is anticipated to be secured with one of the re-refiners in the near term;

2. The Company is in discussions with Exide Technologies (NASDAQ) to supply certain scrap metal products to Exide's smelter operations throughout North America and potentially its European operations. Exide has issued a purchase-order to the Company and a pilot-program will be implemented in the month of October 2011 to begin delivery of these particular scrap metal products;

3. The Company has engaged the New York law firm of Charles Internicola to assist the Company's Management in the development of the "USA Recycling franchise system" and the filing a national franchise registration offering to further expand the Company's market share www.FranchiseLawSolutions.com

USA Recycling Industries CEO Vincent J. Smith stated, "We have been able to position the Company well for fiscal year 2012 making major in-roads with direct end-user-consumers for a variety of recyclable materials. In addition, our planned franchise offering will provide significant growth opportunities throughout North American and allow the Company to reach a much broader market in the automotive service center industry sector. All of this will benefit the Company's market position while providing long-term value for the Company's shareholders."

About The Company

USA Recycling Industries, Inc. formerly known as Voyager Petroleum, Inc. (www.usarecyclingindustriesinc.com) is a publically traded mid-market scrap metal recycler servicing commercial & industrial customers throughout North America. USA Recycling Industries now participates in a $75 billion global scrap metals market through its acquisition of Scrap USA in January of 2011. Operating since 2007, USA Recycling Industries has been focused on and successful in targeting the Automotive Service Center Industry. It currently provides specialty recycling programs to more than 4,000 automotive service center locations operated by some of the most recognizable names in that retail category. USA Recycling Industries contracted automotive scrap metal suppliers are listed on the NASDAQ, New York Stock Exchange and others are owned by some
of the world's largest hedge funds. Having developed a national footprint in its current market of scrap metal collection & processing the Company is now comfortable with integrating other ancillary products such as used motor oil and other automotive related recyclables to its specialty services.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this document that are not historical fact, are forward-looking statements based upon management's current expectations. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The results anticipated by any or all of these forward-looking statements may not occur.

Contact Information

  • For Further Information Contact:

    Vincent J Smith
    CEO
    USA Recycling Industries, Inc.
    Ph: 610-374-0282
    toll-free 877-464-5865
    Email: Email Contact