ENDURING THE TEST OF TIME
SPRINGDALE, Ark., July 15, 2010 (GLOBE NEWSWIRE) -- As Advanced Environmental Recycling Technologies, Inc. (AERT) enters its third decade, a new chapter unfolds with the opening phase of your company's new Green Age Plastic Recycling and Waste Minimization Facility near Watts, Oklahoma. We are proud of the fact that this new Green Age facility is the first Silver LEED certified facility of its kind in the U.S. It also allows AERT to successfully complete its mission of digging deeper into the plastic waste stream to convert a wider range of low end plastic film materials into valuable lower cost raw materials. Watts is the culmination of an earlier vision for the future and over five years of focused research and work. From this next generation technology, six U.S. patents are currently pending in regard to plastic resin identification and reformulation technologies and systems. We are also proud of the fact that these systems were initiated and commercialized during the worst economic mess since the Great Depression. We are very thankful that our shareholders, lenders, vendors, customers, and creditors supported AERT through this extremely difficult period. AERT's situation exemplifies an old adage, "Tough times never last, but tough people do." There is also a simple fact about recessions: They always end!
FINANCINGAERT is a recycling/waste minimization company and therefore qualifies for up to $100 million of tax exempt financing versus $10 million of industrial revenue bonds for a manufacturing company under the U.S. Tax Code. Adair County, OK is an enterprise zone and it is 35 minutes from Springdale, AR. The State of Oklahoma awarded a $13.5 million tax exempt allocation to AERT along with additional incentives from other government agencies and the Cherokee Nation to build the plastic recycling facility there. Additional stimulus assistance has also been awarded to AERT to further expand this facility. AERT is very appreciative of the support it has received from all involved to help build and start up the new Green Age facility in Oklahoma.