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Press Releases
NASDAQ: WSTNA
WESTON/TRU
Solutions
Participating in Reopened Procurement Discussion
ALBUQUERQUE,
NM - November 17, 2000 - TRU Solutions LLC is participating
in reopened procurement discussions with the U.S. Department
of Energy (DOE) to manage and operate the Waste Isolation
Pilot Plant (WIPP) near Carlsbad, New Mexico. TRU Solutions
is a joint venture of Washington Group's Westinghouse Governmental
Services unit (88%) and Roy F. Weston, Inc. (12%). As previously
announced by the DOE, Washington Group and WESTON, the
$500 million contract had previously been awarded to TRU
Solutions. The DOE subsequently announced it had rescinded
the award, and had requested "final
revised proposals" from TRU Solutions and one other competitor.
TRU
Solutions is cooperating fully with the DOE. Ambrose L. Schwallie,
Chairman, President and Chief Executive Officer of Washington Group
Government Services stated: "We
have an excellent proposal, good people and have performed
solidly at WIPP since the early 1980s."
WESTON is a leading
infrastructure redevelopment services firm serving industry and government
worldwide. With an emphasis on creating lasting economic solutions
for its clients, the company's services include site remediation and
redevelopment, infrastructure operations and knowledge systems 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-looking
statements. The Company disclaims any intent or obligation to
update forward-looking statements.
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| WESTON Contact |
Edmund B. Pettiss, Jr.
Senior Vice President
Marketing & Communications
610-701-3159
E-mail
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