SOURCE: USA Recycling Industries, Inc.

June 26, 2012 16:05 ET

USA Recycling Industries to Provide Scrap Metal Collection Services to ThyssenKrupp Elevator Americas

READING, PA--(Marketwire - Jun 26, 2012) - USA Recycling Industries, Inc. (PINKSHEETS: USRI) (the "Company"), a Pennsylvania-based scrap metals recycler providing specialty recycling services throughout North America, announces today it will provide scrap metal collection services to ThyssenKrupp Elevator Americas under a pending agreement covering their branch and site facilities in the United States, Alaska and Hawaii. 

USA Recycling Industries CEO Vincent J. Smith stated, "ThyssenKrupp Elevator Americas, a subsidiary of ThyssenKrupp Elevator AG, is the largest producer of elevators in the Americas, with more than 13,500 employees, more than 200 branch and service locations, and sales of more than $2.7 billion. ThyssenKrupp Elevator Americas oversees all business for operations in the United States, Canada, Central and South America."

With more than 46,000 employees, sales of 5.3 billion Euros in fiscal 2010/2011 and customers in 150 countries, ThyssenKrupp Elevator AG is one of the world's leading elevator companies. Its portfolio includes passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts as well as tailored service solutions for all products. 900 locations around the world provide an extensive sales and service network to guarantee closeness to customers.

"Our company is excited and looking forward to serving ThyssenKrupp Elevator Americas both here in the U.S. and its territories," concluded Mr. Smith. "The relationship we are developing is expected to be very lucrative while simultaneously leading the charge into new markets and opening the doors for more waste management and recycling opportunities."

About USA Recycling Industries, Inc.

USA Recycling operates specialty recycling service centers engaged in the specialized business of collecting recyclable waste materials and providing specialty disposal services to the automotive service center industry. The Company derives revenues from the collection and sale of recyclable materials, as well as the waste disposal services it provides to the automotive service center industry. USA Recycling, through its systems, operating methods and alliances, is considered a leader in the national recycling market servicing the automotive service center industry.

For more information, please visit

Safe Harbor Forward-Looking Statements

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, further milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

Contact Information