Highlighted by Double Digit Revenue Growth for Nine Months NEW YORK, Nov. 20 /PRNewswire-FirstCall/ -- Amerex Group, Inc. (OTC:AEXG) (BULLETIN BOARD: AEXG) , a leading provider of environmental and hazardous waste treatment services, today reported results for the third quarter and nine-month period ended Sept. 30, 2007, highlighted by a double-digit increase in year-to-date revenues and continued investment in the Company's national growth strategy. New York City-based Amerex, which works with industrial clients and municipalities to treat, remediate and transport hazardous and industrial waste, reported a net loss of $2.7 million, or $0.17 per diluted share, on revenues of $2.2 million in the quarter ended Sept. 30, 2007, compared with a net loss of $764,000, or $0.26 per diluted share, on revenues of $2.3 million in the same period of 2006. The third quarter results included more than $2.0 million of non-operating expenses related to the ongoing recapitalization of the Company, which has included remeasurement of equity obligations, amortization of capitalized financing fees and other expenses. For the current nine-month period, Amerex reported a net loss of $5.8 million, or $0.33 per diluted share, on revenues of $6.5 million, compared with a net loss of $3.6 million, or $2.50 per diluted share, on revenues of $4.7 million in the same period of 2006. The Company attributed the 37 percent increase in revenues to the expansion of existing business lines and the launch of a new contract with a leading national retailer. The Company reported that it reduced its operating loss by more than 50 percent in the first nine months of 2007 compared to the prior nine-month period ending Sept. 30, 2006, reflecting efforts to manage the business efficiently and execute on its business plan. "I am pleased with our year-to-date results, which reflect our progress toward building the Company into a national provider of environmental services," said Amerex CEO Nicholas Milano. "Our disciplined expense management remains a key focus as evidenced by management's commitment to further reducing operating expenses as a percentage of revenue, improving our process controls and better utilization of our facilities." During the third quarter, the Company closed on financing for a bridge loan in the amount of $750,000 with Professional Offshore Opportunity Fund, Ltd. in August of 2007. The Company also noted that it is pursuing a sale/leaseback of its property in Pryor, Okla., proceeds of which will be used to pay down its Senior Convertible Notes and further facilitate debt- reduction. In addition, the Company is currently considering the sale/leaseback of its property owned in Harrison County, Texas. Each of these initiatives is intended to improve the Company's liquidity and increase working capital, allowing it to pursue strategic acquisitions in line with the Company's long-term growth plan. Management reiterated that its transportation logistics model remains a key competitive advantage within the hazardous waste treatment and disposal industry. The Company's increased utilization of rail-based transportation is a safer, more cost-effective mode of transporting hazardous waste from treatment to disposal sites when compared to traditional truck-based transport. Milano concluded: "We've continued to generate operational momentum during fiscal 2007 supported by investments in key personnel and expanded services and strategic partnerships. Looking ahead, we intend to build on that foundation in order to further establish Amerex as a company that can provide innovative, cost-efficient and high quality services to customers throughout the U.S." The Company also reported it restated the 2006 results in response to comments issued by the FASB ("Accounting for Registration Payment Arrangements") and the SEC (Securities and Exchange Commission). The impact of the restatement on 2006 and previous years results is more fully discussed in the filing, which can be accessed at http://www.sec.gov/. About Amerex Group, Inc. Founded in 2005, Amerex Group (OTC:AEXG) (BULLETIN BOARD: AEXG) is a leading provider of environmental and hazardous waste management services for federal and municipal government entities including the DEA, as well as Fortune 100 and middle-market commercial customers. The Company currently serves four-end markets: industrial/hazardous waste disposal, industrial wastewater transport/disposal, methamphetamine site cleaning and emergency response services. Headquartered in New York City, Amerex has a growing network of waste treatment facilities and regional offices serving the West Coast, lower Midwest and Southern U.S. For more information, visit http://www.amerexcos.com/. Cautionary Statement Regarding Forward-Looking Statements: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies and prospects, both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions, including whether this asset acquisition is consummated. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "appears," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions, our ability to negotiate satisfactory terms to the transactions described in this release, the completion of due diligence to our satisfaction, the successful negotiation of definitive agreements, environmental and other regulatory issues and our ability to finance and consummate the transaction on terms we find acceptable, in addition to those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to Amerex or a person acting on its behalf are expressly qualified in their entirety by this cautionary language. DATASOURCE: Amerex Group, Inc. CONTACT: Jeff Lambert, or Karen Keller, , both of Lambert, Edwards & Associates, for Amerex Group, Inc., +1-616-233-0500 Web site: http://www.amerexcos.com/

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