U S Liquids Inc. Announces Completion of Sales of Operating Assets HOUSTON, April 1 /PRNewswire-FirstCall/ -- U S Liquids Inc. (OTC Pink Sheets: USLQ) announced the completion of the sales of substantially all of the assets of USL Environmental Services, Inc. d/b/a A&A Environmental of Baltimore, MD and U S Liquids of Pennsylvania, Inc. d/b/a EMAX of Pittsburgh, PA to Perma-Fix Environmental Services, Inc. In addition, the Company has completed the sale of the stock of its Canadian subsidiary. As a result, the Company has sold all operating assets and deregistered its common stock. This document contains forward-looking statements that are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Key factors that could cause actual results to differ materially from expectations include, but are not limited to: (1) the Company's inability to further extend its credit facility; (2) uncertainties caused by the Company's failure to comply with the terms of its credit facility; (3) the impact that our financial condition may have on its customers, suppliers and employees; (4) the Company's general lack of liquidity; (5) the outcome of litigation and administrative proceedings pending against the Company; (6) obtaining or maintaining governmental permits and approvals required for the operation of the Company's facilities; (7) changes in the laws and regulations governing the Company's operations; (8) the failure to comply with laws and regulations governing the Company's operations; and (9) the insufficiency of the Company's insurance coverage or the impact of the insolvency of Reliance Insurance Company. These and other risks and assumptions are described in the Company's reports that are available from the United States Securities and Exchange Commission. DATASOURCE: U S Liquids Inc. CONTACT: William DeArman, Chief Executive Officer of U S Liquids Inc., +1-281-272-4511, or Web site: http://www.usliquids.com/

Copyright