USRI USA Recycling Industries Inc (CE)

USA Recycling Industries, Inc. (PINKSHEETS: USRI), a Pennsylvania-based scrap metals recycler providing specialty recycling services throughout North America, announces it has signed a letter of intent (LOI) to purchase 51% of the stock of Lucas Lane, Inc., a Pennsylvania-based recycler of used oil filters.

Each year the U.S. generates 425 million used automotive oil filters containing 160,000 tons of iron units and 18 million gallons of oil. Recycling all the filters sold annually in the United States would result in the recovery of about 160,000 tons of steel. Given the potential market opportunity, the LOI with Lucas Oil provides for a strategic bolt-on acquisition and new opportunities for growth.

USA Recycling Industries CEO Vincent J. Smith stated, "Based on the number of oil filters used every year in this country, we believe that the addition of the collection and disposal of used oil filters is a lucrative opportunity that will add significant revenue to the Company's operations in the near term. The Lucas Lane LOI, combined with our direct end-user-consumer relationships with used motor oil re-refiners, solidifies our competitive advantage."

About USA Recycling Industries, Inc.

USA Recycling operates specialty recycling service centers engaged in the specialized business of collecting recyclable waste materials and providing specialty disposal services to the automotive service center industry. The Company derives revenues from the collection and sale of recyclable materials, as well as the waste disposal services it provides to the automotive service center industry. USA Recycling, through its systems, operating methods and alliances, is considered a leader in the national recycling market servicing the automotive service center industry.

For more information, please visit www.usarecyclingindustriesinc.com

Safe Harbor Forward-Looking Statements

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, further milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

Contact Vincent J. Smith CEO USA Recycling Industries, Inc. Telephone: +1-877-464-5865 VSmith@usarecyclingindustriesinc.com