READING, PA--(Marketwire -06/13/12)- USA Recycling Industries, Inc. (USRI) ("USRI" or the "Company"), a Pennsylvania-based scrap metals recycler providing specialty recycling services throughout North America, announces that Redwood Recycling of Staten Island, N.Y., is now offering oil filter disposal services to its significant customer base in the New York Metropolitan and surrounding areas via USRI's oil filter disposal process. Where previously there was no market for oil filter disposal in that area, Redwood Recycling can now offer a market to its customers for the recycling of oil and steel byproducts.
"We are very excited to offer our oil filter disposal services to Redwood Recycling's New York customers," said USA Recycling Industries CEO Vincent J. Smith. "This will create a significant value for used oil filter generators where previously that did not occur."
"Redwood Recycling has serviced the scrap metal industry in New York for more than a decade and services the largest market in the continental United States: the New York Metropolitan and surrounding areas," Smith continued. "We are pleased to work with a company that has such an outstanding history, and we look forward to aiding them in providing their customers with a vital recycling service not previously available."
With more than 10.8 million registered vehicles in the state of New York, Redwood Recycling stands to add significant revenue to its operations by implementing USRI's oil filter disposal process. Recycling all the filters sold in the U.S. each year would result in the recovery of approximately 160,000 tons of steel alone. Offering this recycling service in the New York Metropolitan and surrounding areas -- the largest market in the continental U.S. -- is a significant stride forward in reclaiming these valuable resources and deploying USRI's oil filter disposal process throughout the country.
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 www.usarecyclingindustriesinc.com
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.
Vincent J. Smith
USA Recycling Industries, Inc.