PDG Environmental, Inc. Finalizes A.E.A.C. Acquisition

MONROEVILLE, Pa., Dec. 29 /PRNewswire/ — PDG Environmental, Inc. (OTC Bulletin Board: PDGE) announced today it has concluded its acquisition of the operations of American Environmental Abatement Corporation (A.E.A.C.), a Phoenix-based asbestos abatement contractor. The acquisition is effective as of November 30, 1997.

Commenting on the acquisition, John Regan, PDG Environmental, Inc. Chairman, stated, “The acquisition of American Environmental Abatement Corporation and their established customer base will allow PDG Environmental to enter 1998 as a strong competitor in the growing southwest market. With increased bonding and marketing efforts, we expect the Phoenix operations to incrementally increase our revenues from 5% to 10%.”

PDG Environmental, Inc. is a leading provider of asbestos abatement and related services dedicated to assisting its commercial, industrial and governmental clients in complying with environmental laws and regulations.

Certain of the above statements may be forward looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of various factors including competitive developments and other risk factors listed from time to time in the Company’s SEC reports.

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