The Company is a leading radiological waste handling and processing firm providing on-site and off-site handling and processing of low-level radioactive waste materials in the United States. The Company provides its services to clients 7 days/week, 24 hrs/day at its U.S. waste storage, handling and processing facility, as well as at client sites. Following 4 years of strong organic growth and the successful addition of new technologies for waste processing, management has established the Company as a nationwide provider of low-level radioactive waste processing services to dozens of customers, including nuclear power producers, hospitals, universities, and others. This has been accomplished while achieving profitability and growth performance well in excess of industry averages.
The Company is uniquely positioned as a specialist in handling large-size components of industrial plants that have become radiologically contaminated. The company has strong technical capabilities in the nuclear decontamination and decommissioning sector, which represents an opportunity in excess of $100 billion over the next 30 years, that has allowed it to form strategic alliances with firms who offer this service at commercial and government nuclear facilities. The company has received a license to allow it to increase its radioactive waste processing technologies to include thermal processing and was approved to handle Department of Energy Waste in 2003. The company also offers emergency response support, staffing and clean-up services to government and industrial clients that need to be prepared to deal with radiologically contaminated sites following accidents or acts of terrorism. The Company has an experienced management team, and excellent relations with its clients and industry regulators, allowing it to become one of the industry’s fastest growing and most profitable firms. Over the past three years, the Company has grown gross revenues and EBITDA at annual rates of 213% and 187%, respectively. The Company has an active pipeline of additional sources of revenue. Management expects the Company to generate gross revenues and adjusted EBITDA of approximately $25 million and $2.9 million, respectively, in 2004.
Gross Income: $18,832,000 (annual)
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