OAK BROOK, IL, June 6, 2014 /PRNewswire/ - Primary Energy Recycling Corp. (TSX: PRI), a clean energy company that generates revenue from capturing and recycling recoverable heat and by-product fuels from industrial processes, today confirmed that it is engaged in a strategic review process to generate shareholder value. No agreement has been reached on any transaction, and there is no assurance that any transaction will be agreed to or consummated as a result of this process.
Forward-Looking Statements
When used in this news release, the words "intend", "likely",
"anticipate", "expect", "project", "believe", "estimate", "forecast",
"outlook" and similar expressions, are intended to identify
forward-looking statements, including statements regarding maintenance
and capital expenditures. Such statements are subject to certain risks,
uncertainties and assumptions pertaining, but not limited, to recovery
in the steel industry, continued strong performance from the mills we
serve consistent with historical patterns, timely renewal of contracts
at the Company's facilities, no protracted outages (planned or
unplanned) for any of our facilities, operating and maintenance costs
and general and administrative costs being similar to recent years
except as described in this press release, regulatory parameters,
weather and economic conditions and other factors discussed in the
Company's public filings available on SEDAR at www.sedar.com. Additional risks and uncertainties not currently known or that are
currently deemed to be immaterial may also materially and adversely
affect the Company's business operations and outlook. Any of the
matters highlighted in the Company's risk factor disclosure could have
a material adverse effect on the Company's results of operations,
business prospects and outlook, financial condition or cash flow, in
which case, the market price or value of the Company's Common Shares
could be adversely affected. These forward-looking statements are made
as of the date of this press release and the Company assumes no
obligation to update or revise them to reflect new events or
circumstances, except as required by applicable securities laws.
About Primary Energy Recycling Corporation
Primary Energy Recycling Corporation, headquartered in Oak Brook,
Illinois, owns and operates four recycled energy projects and a 50
percent interest in a pulverized coal facility (collectively, the
"Projects"). The Projects have a combined electrical generating
capacity of 298 megawatts and a combined steam generating capacity of
1.8M lbs/hour. Primary Energy Recycling Corporation creates value for
its customers by capturing and recycling waste energy from industrial
and electric generation processes and converting it into reliable and
economical electricity and thermal energy for resale back to its
customers. For more information, please see www.primaryenergy.com.
SOURCE Primary Energy Recycling Corporation
