Press Releases

NASDAQ: WSTNA

WESTON Awarded Baltimore Corps of Engineers Contract Worth Up To $25 Million

WEST CHESTER, Pa. - January 8, 2001 - Roy F. Weston, Inc. today announced it has been awarded a new engineering services contract with a total gross value of up to $25 million by the U. S. Army Corps of Engineers, Baltimore District.

Under the five-year indefinite quantity/indefinite delivery (ID/IQ) contract, WESTON will provide hazardous, toxic and radioactive waste (HTRW) remediation services throughout the Corps' North Atlantic Division, continuing work performed under two previous HTRW contracts. Services will include site investigation and characterization, engineering and restoration support.

In announcing the award, WESTON President and Chief Operating Officer Patrick G. McCann said, "Successful partnerships such as our 20-year relationship with the Baltimore Corps of Engineers is a design feature of our business. This win validates WESTON's approach to ensuring customer satisfaction and we look forward to continuing our work with the Baltimore District."

An industry pioneer since 1957, WESTON provides infrastructure redevelopment services worldwide. With an emphasis on creating lasting economic solutions for its clients, the company's services include site remediation and redevelopment, infrastructure operations support and knowledge management to bring impaired facilities, land, and other resources back to productive use.

Statements in this release which contain the Company's or management's projections, beliefs, expectations, predictions or intentions concerning business strategy, potential contract value, future performance or future results, are forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties. For example, there could be a shift in the demand for the Company's services; funds for the Company's federal contracts might not be appropriated or, if appropriated might be delayed; work orders might not be issued to the Company under its federal contracts; governmental priorities relating to environmental regulations and enforcement could change; and the Company might experience cost overruns and other adverse contract performance risks. These and other risks and uncertainties are discussed in reports periodically filed by the Company with the Securities and Exchange Commission. The reader is cautioned that the Company's actual performance and results could differ materially from projections, expectations, beliefs, intentions or predictions contained in forward-d looking statements. The Company disclaims any intent or obligation to update forward-looking statements.