The company recorded operating income of $2.5 million, a $0.3 million improvement over the quarter ended June 30, 2009. Last year a $0.3 million reversal of a late registration fee was recorded, increasing net income to $1.3 million, the same as the net income for the quarter ended June 30, 2010.
Commenting on
the results, Joe Brooks, CEO of AERT noted, "A key goal for 2009 was to reduce AERT's
overall cost structure and operating costs while maintaining our ability to react
to market opportunities. We continue to work on this in 2010 and while our new recycling
facility at Watts, Oklahoma is up and running we are implementing Phase II to effectively
double it's capacity with the assistance of a 15 year, 3% interest loan for over
$3 million sponsored by the State of Oklahoma under the ARRA State Energy Program."
AERT's second
quarter conference call is scheduled for Tuesday, August 3rd at 4:00 pm EDT/3:00
pm CDT. To join the call, please dial 1-877-388-5744. Web access to the conference
call can be found at
http://www.aertinc.com/ir/webcasts.aspx
.
About Advanced
Environmental Recycling Technologies, Inc.
Since 1989, AERT
(OTCBB:AERT)
has pioneered the use of recycled polyethylene plastic in the manufacture of composite
building materials. With its constantly evolving portfolio of patented and proprietary
recycling technologies, AERT has been widely recognized as a leader in resource
conservation innovation and received the EPA Award for Environmental Excellence
for its process of converting scrap plastic to composite outdoor decking. The company
recently received an ESGR Patriot Award for its support of our Guard and Reserve
Units in the U. S. Armed Forces. AERT converts reclaimed plastic and wood fiber
waste into quality outdoor decking systems, fence systems, and door and window components.
The Company is the exclusive manufacturer of ChoiceDek(R) decking, which is available
in multiple colors and is sold in Lowe's Home Improvement stores nationwide. See
http://www.choicedek.com for more
information. AERT's MoistureShield(R) decking program is expanding and products
are now available throughout the
U.S.
See
http://www.moistureshield.com
for product information or to find a regional distributor or dealer. AERT operates
manufacturing facilities in
Springdale
and
Lowell
,
Arkansas
and recently commenced operations at its Green Age recycling facility in
Watts, Oklahoma
. For more information on the Company, visit
http://www.aertinc.com.
The AERT, Inc.
logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4905
Certain statements
in this news release regarding projected results of operations, or, projected results
of financial plans or future strategies and initiatives, including, but not limited
to, projections of revenue, projections of profitability, any and all future expectation,
and plans for future activities may and should be regarded as "forward-looking statements''
within the meaning of the Securities Litigation Reform Act. These statements involve,
among other things, known and unknown risks, uncertainties and other factors that
may cause AERT, Inc.'s actual results, levels of activity, performance or achievements
to be materially different from any future results, levels of activity, performance
or achievements expressed or implied by such forward-looking statements. AERT currently
is considering, but may or may not in the future implement any or all of the items
and issues listed in any planned budget or strategic initiative, due to, among other
things, known and unknown risks, uncertainties and other factors.
AERT, Inc. undertakes
no obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events, change in strategy, or otherwise.
The above-mentioned listing of risks and uncertainties is not inclusive. For a more
detailed discussion of some, but not all, of the risks and uncertainties that may
affect AERT, Inc., see AERT, Inc.'s filing with the Securities and Exchange Commission,
including its Annual Report on Form 10-K, for the fiscal year ended December 31,
2009.
CONTACT: AERT
Brian Hanna
479-203-5084
www.aertinc.com/ir
AERT Announces First Quarter 2010 Results
Net Loss Reduced; Operating Income Achieved on Slightly
Lower Sales
SPRINGDALE , AR , July 15, 2010 (GlobeNewswire) – As Advanced Environmental Recycling Technologies, Inc. (AERT) enters its third decade, a new chapter unfolds with the opening phase of your company’s new Green Age Plastic Recycling and Waste Minimization Facility near Watts, Oklahoma . We are proud of the fact that this new Green Age facility is the first Silver LEED certified facility of its kind in the U.S. It also allows AERT to successfully complete its mission of digging deeper into the plastic waste stream to convert a wider range of low end plastic film materials into valuable lower cost raw materials. Watts is the culmination of an earlier vision for the future and over five years of focused research and work. From this next generation technology, six U.S. patents are currently pending in regard to plastic resin identification and reformulation technologies and systems. We are also proud of the fact that these systems were initiated and commercialized during the worst economic mess since the Great Depression. We are very thankful that our shareholders, lenders, vendors, customers, and creditors supported AERT through this extremely
difficult period.
AERT’s situation exemplifies an old adage, “Tough times never last, but tough
people do.” There is also a simple fact about recessions: They always end!
fINANCING
AERT is a recycling/waste minimization company
and therefore qualifies for up to $100 million of tax exempt financing versus $10
million of industrial revenue bonds for a manufacturing company under the U. S.
Tax Code.
Adair County
,
OK
is an enterprise zone and it is 35 minutes from
Springdale, AR.
The State of
Oklahoma
awarded a $13.5 million tax exempt allocation to AERT along with additional incentives
from other government agencies and the Cherokee Nation to build the plastic recycling
facility there. Additional stimulus assistance has also been awarded to AERT to
further expand this facility. AERT is very appreciative of the support it has received
from all involved to help build and start up the new Green Age facility in
Oklahoma
.
AERT has recently paid down and restructured its short term debt with Allstate and
has maintained its long term bond programs.
The one year debt service reserve funds for the Allstate bond programs were utilized,
with Allstate’s consent, to keep payments ongoing during this difficult period.
AERT is very appreciative of Allstate’s ongoing support of the company. Liberty
Bank of
Arkansas
has also continued to work with the company and its debt has been restructured and
reduced over the past year. With AERT
overhead reduced and the company now cash flow positive and profitable, the company
is looking to refinance and recapitalize longer term.
AERT management has extensively explored a wide range of options and numerous
financing proposals have been reviewed and evaluated over the past two years, during
this time of difficult credit, and positive progress is being made. With the Green
Age project, customer diversification will be improved which lessens the seasonality
aspects of the current business and will improve year round cash flow.
AERT is now working to restructure and refinance towards a growth mode on
fair and equitable terms for its shareholders.
why
watts
The Watts Green Age facility is designed
to insulate and hedge AERT against rising petrochemical and plastic prices by utilizing
low cost plastic waste streams that are too difficult and costly for others to recycle. With AERT technology, the company is
able to clean and process large volumes of inconsistent and highly variable plastic
waste, analyze it, and then blend it back together into useable forms. In this way,
AERT is working to secure more cost effective raw materials and to avoid being forced
into the position of having to outbid those with deeper pockets and more financial
resources for plastic feedstocks. With the recent release of $3 million from the
Oklahoma Department of Commerce, phase II will be initiated. Phase II includes the
installation of commercial production and pelletizing equipment which will allow
AERT to process and/or to sell recycled plastics to third parties and gain additional
non-seasonal income.
REGAINING MOMENTUM
The AERT team has hunkered down and fought
hard to maintain the business and its customer base during the last several years. Your company has endured much over the
last several years; from the homebuilding depression to the banking/credit crisis,
to resolving class action allegations over deck cleaning issues.
Facilities have been closed and consolidated and headcount reduced, while
new products have been launched and the “Green Age” project commenced.
Change and innovation remain constants as your company works to bring online
several large customers along with new and exciting products and technologies for
the future. So, we are proud to report that AERT is on the move again – the momentum
is back.
Competing in a New World
“Whether you prevail or fail, endure or die,
depends more on what you do to yourself than on what the world does to you.”
-Jim Collins, author
Why the Mighty Fall: And Why Some Companies Never
Give In
The last three years have been extremely
difficult and several competitors have exited the business. Tough decisions have
been made regarding plant closures, asset write-downs, and a NASDAQ delisting. We understand this has been painful,
but we do not believe AERT’s current share price properly reflects the reality of
AERT. To expand on this a little bit
more, let’s look back at 2008 write downs as disclosed in AERT’s 10K.
Assets have been moved from the
Louisiana
facility to
Lowell
,
Arkansas
and assets of value from the Junction,
Texas
facility are being put into service in
Arkansas
and
Watts, Oklahoma
. The Junction land and buildings will shortly be offered for sale. We also have
an off-balance sheet asset of approximately $20 million representing the value of
taxes that will not have to be paid on future earnings. Deferred taxes were written
off in 2008 as AERT followed the accounting rules for a company whose future looked
cloudy and uncertain. In 2009, cash
flow from operations was increased and profitability from operations restored. So, renewed profitability and utilization
of the company’s loss carry forwards will create cash for growth.
The deferred tax write offs have not been lost, just delayed to
the future while your AERT associates readjusted and fought through the storms.
The fact that AERT net income for the
second quarter is over $1 million and the company is profitable for the year positively
reflects the progress at your company.
Customer and Product Diversification
AERT is fast becoming a more diversified
company with new technologies and products rapidly transitioning to commercialization. With the recycling of plastics from
large volume national retailers to producing mainstream green products, AERT is
a national example of “closing the loop”.
Sustainability is much more than a term to AERT; it’s the future of this company
as well as the
U.S.
economy. It is regaining a competitive
advantage, conserving resources, creating jobs, and providing value.
With AERT’s focus on remodeling, utilizing recycled plastics in composite
products allows our products to provide a better value than our competitors. It also enables the company to expand
into other markets and helps address consumer needs, providing value for their hard
earned purchasing dollars. In particular,
next generation materials are now underway and several exciting new products were
introduced this year, including a value added decking profile which combines performance
and price, the MoistureShield Vantage collection and a new ChoiceDek handrail system
for Lowe’s Home Improvement Stores nationwide.
EcoShield deck tiles, which debuted in early 2009, began streamlining into
independent distribution late in the 4th quarter of 2009 and have gained momentum
in the market during the first two quarters of 2010.
Furthermore, new recycled plastic compounds have opened additional market
opportunities for the company to supply “green compounds” to other manufacturers
and further diversify the customer base in the near future.
This will shortly become reality with the addition of phase II equipment
at the Watts Green Age facility, funded by the Oklahoma Department of Commerce under
the American Recovery and Reinvestment Act.
Stimulus Funding
AERT is pleased to have been ranked the
#1 stimulus business project for the
American Reinvestment and Recovery Act (ARRA) State Energy Program for the State
of
Oklahoma
. After extensive review, AERT was recently awarded a 15 year, 3% interest loan
for over $3 million for additional production and pelletizing equipment for the
Watts
project. A smaller $250,000 grant
approval for
Adair County, Oklahoma
was also approved for AERT to help expand plastic recycling throughout the region. We are proud to announce that these
funds were recently released by the Oklahoma Department of Commerce.
Additional projects and potential funding are also pending, although not
final yet.
EXCITING NEW TECHNOLOGIES
In particular, AERT sees a tremendous future in Watts’ Green Age technologies and
systems for green manufacturing and recycled green plastic compounds, allowing for
a competitive advantage not only throughout the
U.S.
but also around the world. There are
tremendous opportunities to put consistency into recycling.
The Oklahoma Department of Commerce (ARRP) funds now allow AERT to commercialize
this for large customers. This diversification
strategy also now puts AERT in a better, more balanced position to refinance, as
the company moves back into a growth mode. More on this will be discussed at the
shareholder meeting.
NASDAQ
AERT has been in discussions with NASDAQ
and has been informed that a NASDAQ small cap market, NasdaqBX, is currently pending
approval before the U.S. Securities and Exchange Commission.
It is the intent of AERT to work with NASDAQ to join this new exchange designed
for smaller growth companies once it is formally approved by the SEC.
AERT currently trades on the OTC bulletin board.
MOVING FORWARD WITH BLUELINX
2010 marks the end of AERT’s 16
year relationship with Weyerhaeuser.
We would like to thank Weyerhaeuser for their past business relationship and instrumental
role in launching the ChoiceDek program with Lowe’s.
As AERT moves forward, we now enter a new relationship with BlueLinx (formerly
Georgia Pacific Distribution), and look forward to moving the ChoiceDek program
to new heights with more timely and expanded distribution for Lowe’s stores. BlueLinx also has expanded regional
distribution for AERT’s MoistureShield program, and will be stocking AERT decking
products at most locations. This allows
for quicker service and support for our retail remodeling customers and allows AERT
to favorably compete against the competition going forward.
MOVING FOWARD
Although the past couple of years have been
painful, your AERT associates have hunkered down and worked hard. As such, AERT
has weathered a horrific storm of events and is proudly still standing. AERT is
growing stronger by the day and is now on the move again.
Our annual shareholder meeting will be held Thursday, July 15th,
2010 at 5 p.m. at AERT’s corporate office in
Springdale
. We hope you will join us for this
exciting event. It will also be webcast
at http://aert.com/ir/webcasts.aspx .
Thank you for your support of AERT. We look forward to seeing you in person or joining
us on the web for the
Springdale
meeting.
Joe G. Brooks
Founder, Chairman, & CEO
About Advanced Environmental Recycling Technologies, Inc.
Since 1989,
AERT (OTCBB:AERT) has
pioneered the use of recycled polyethylene plastic in the manufacture of composite
building materials. With its constantly evolving portfolio of patented and proprietary
recycling technologies, AERT has been widely recognized as a leader in resource
conservation innovation and received the EPA Award for Environmental Excellence
for its process of converting scrap plastic to composite outdoor decking. The company
recently received an ESGR Patriot Award for its support of our Guard and Reserve
Units in the U. S. Armed Forces. AERT converts reclaimed plastic and wood fiber
waste into quality outdoor decking systems, fence systems, and door and window components.
The Company is the exclusive manufacturer of ChoiceDek(r) decking, which is available
in multiple colors and is sold in Lowe's Home Improvement stores nationwide. See
http://www.choicedek.com for more
information. AERT's MoistureShield(r) decking program is expanding and products
are now available throughout the
U.S.
See http://www.moistureshield.com
for product information or to find a regional distributor or dealer. AERT operates
manufacturing facilities in
Springdale
and
Lowell
,
Arkansas
and recently commenced operations at its Green Age recycling facility in
Watts, Oklahoma
. For more information on the Company, visit
http://www.aertinc.com.
Certain statements
in this news release regarding projected results of operations, or, projected results
of financial plans or future strategies and initiatives, including, but not limited
to, projections of revenue, projections of profitability, any and all future expectation,
and plans for future activities may and should be regarded as ``forward-looking
statements'' within the meaning of the Securities Litigation Reform Act. These statements
involve, among other things, known and unknown risks, uncertainties and other factors
that may cause AERT, Inc.'s actual results, levels of activity, performance or achievements
to be materially different from any future results, levels of activity, performance
or achievements expressed or implied by such forward-looking statements. AERT currently
is considering, but may or may not in the future implement any or all of the items
and issues listed in any planned budget or strategic initiative, due to, among other
things, known and unknown risks, uncertainties and other factors.
AERT, Inc.
undertakes no obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events, change in strategy, or otherwise.
The above-mentioned listing of risks and uncertainties is not inclusive. For a more
detailed discussion of some, but not all, of the risks and uncertainties that may
affect AERT, Inc., see AERT, Inc.'s filing with the Securities and Exchange Commission,
including its Annual Report on Form 10-K, for the fiscal year ended December 31,
2009.
CONTACT INFORMATION
Investor Relations
479-203-5077
www.aertinc.com/ir
AERT Announces First Quarter 2010 Results
Net Loss Reduced; Operating Income Achieved on
Slightly Lower Sales
SPRINGDALE, Ark., May 17, 2010 (GlobeNewswire) -- Advanced Environmental
Recycling Technologies, Inc. (OTCBB:AERT), a leading plastic recycler and
manufacturer of Green building products, announced today that sales for the
quarter ended March 31, 2010 were $16.4 million, down 2% from $16.6 million for
the quarter ended March 31, 2009. This was due primarily to the removal of an
old style of ChoiceDek handrail and the replacement of a new ChoiceDek handrail
system in Lowe’s stores nationwide, resulting in an unusually large amount of
returns. AERT expects the new handrail products, combined with fully stocked
shelves, to result in increased sales of handrail products in 2010. Without the
returns of discontinued handrail, net sales increased $0.8 million, or 5%.
Cost of goods sold was lower in the first quarter of 2010 compared to the first
quarter of 2009 due to cost-cutting measures implemented in 2009. Lower costs in
2010 resulted in an increase in gross margin as a percentage of sales to 19% in
the first quarter of 2010 from 16% in 2009.
SG&A costs were down $0.6 million in the first quarter of 2010 compared to the
first quarter of 2009. The company recorded operating income of $0.5 million for
the quarter on reduced sales, an improvement of $1.0 million from a loss of
$0.5 million for the quarter ended March 31, 2009. AERT’s net loss was reduced
by $1.2 million in the first quarter of 2010 compared to the first quarter of
2009.
AERT’s first quarter conference call is scheduled for Tuesday, May 18th at 4:00
EDT/3:00 CDT. To join the call, please dial 1-888-262-8836. Web access to the
conference call can be found at
http://www.aertinc.com/ir/webcasts.aspx.
AERT Announces Exclusive Agreement With BlueLinx for Distribution of
ChoiceDek in the U.S.
SPRINGDALE, Ark., May 14, 2010 (GLOBE NEWSWIRE) -- Advanced Environmental
Recycling Technologies, Inc. (OTCBB:AERT), a leading plastic recycler and
manufacturer of Green building products, today announced it has entered into an
exclusive agreement with BlueLinx Corporation for the distribution of AERT
manufactured ChoiceDek® decking and accessories to Lowe's home improvement
warehouses throughout the U.S. ChoiceDek has been sold exclusively through
Lowe's stores since 2002 and in 2005 AERT was named Lowe's Lumber Supplier of
the Year.
"BlueLinx is proud to be named Lowe's exclusive supplier for ChoiceDek," said
George Judd, President and Chief Executive Officer of BlueLinx Corporation.
"This multi-year agreement reinforces our long standing strategic relationship
with Lowe's and we are excited about this new opportunity to distribute the
ChoiceDek brand."
The agreement establishes BlueLinx as AERT's exclusive distributor for the
proprietary ChoiceDek composite decking and railing system. BlueLinx will
provide delivery to a network that encompasses nearly 1,700 Lowe's retail
outlets through its state-of-the-art, nation-wide distribution system. The
multi-year supply agreement is for delivery of ChoiceDek products in a variety
of unit sizes, including by the carton, and special order quantities.
"Both AERT and Lowe's have invested a significant amount of time and capital in
the development of ChoiceDek, which has evolved into an innovative product line
with great consumer value," stated AERT President, Tim Morrison.
AERT CEO, Joe Brooks, commented on the agreement stating, "AERT is looking
forward to working with BlueLinx as we continue to introduce innovative
products, grow ChoiceDek sales, and make improvements that will positively
affect AERT and its associates and shareholders."
AERT Announces First Quarter Conference Call and Webcast
SPRINGDALE, Ark., May 13, 2010 (GLOBE NEWSWIRE)
--Advanced Environmental Recycling Technologies, Inc. (OTCBB:AERT), a leading
plastics recycler and leading manufacturer of Green building products, today
announced it will hold a conference call to discuss the company's 2010 first
quarter results on Tuesday, May 18th, 2010 at 3:00 PM CDT/4:00 PM Eastern.
Date: May 18, 2010
Time: 4:00 PM ET
Telephone: 1-888-262-8836
Listen via Internet:
http://www.aertinc.com/ir/webcasts.aspx
Schedule this webcast into MS-Outlook calendar
(click open when prompted):
http://apps.shareholder.com/PNWOutlook/t.aspx?m=42539&k=59689432
The Company plans to release its first quarter
earnings on Form 10-Q, Friday, May 14, 2010. A press release regarding Q1 2010
results will be posted on the AERT Investor Relations website at
http://www.aertinc.com/ir/press.aspx on Monday, May 17th, 2010.
Haitian Green Partners Launched on 40th Anniversary of Earth Day
AERT joins Clinton’s Office of the Special Envoy for Haiti and others to launch
recycling initiative in Haiti Read More

AERT Announces the Launch of Haitian Green Partners on 40th Anniversary of Earth
Day
SPRINGDALE, Ark., April 22, 2010 (GLOBE NEWSWIRE) -- Advanced Environmental
Recycling Technologies, Inc. (OTCBB:AERT), a leading plastic recycler and
manufacturer of Green building products, announced today that on the occasion of
Earth Day, Advanced Environmental Recycling Technologies, Inc. (AERT), James Lee
Witt Associates, Royal Caribbean Cruise Lines, and Haiti Recycling have launched
Haitian Green Partners, an environmental initiative focused on recycling and
waste processing in Haiti. The initiative, which builds off of AERT's
twenty-five years of recycling experience in the United States, and Haiti
Recycling's knowledge of Haitian markets, will support and significantly expand
current waste management initiatives in Haiti.
AERT CEO, Joe Brooks, further explains, "The initiative, which was requested by
U.N. Special Envoy Bill Clinton, will also build upon and support projects
already underway such as the Love N' Haiti movement (http://www.lovenhaiti.com)
which was a finalist in last year's BBC World Challenge. The plan calls for the
establishment of strategically placed collection and baling centers throughout
the island and adjacent to the ports, to purchase recovered plastics and then
transfer them to Haiti Recycling, which is located adjacent to Port-au-Prince,
for recycling. AERT, in conjunction with other large volume manufacturers, will
then purchase the materials and convert them into value added end products."
Regarding this new venture, Stephan Sajous, President of Haiti Recycling, said,
"For the first time in the Caribbean, a concerted effort will be orchestrated in
order to eliminate the very big problem of plastic contamination of the
environment. Through this initiative, Haiti in very little time will return to
being known as 'The Pearl of the Antilles' for its natural beauty. This
initiative will create hundreds of sustainable jobs while helping to clean up
trash from Port-Au-Prince, other urban centers, and in all ten departments.
Recycling and waste management are key components to the recovery process, and
this venture is an example of a for-profit solution that will promote
environmental responsibility and take important steps to providing a waste
management infrastructure that reduces pollution across the country."
"Haitian Green Partners is an example of the efforts underway in Haiti to 'build
back better.' Through this initiative, Haiti and the surrounding Caribbean
islands can become global leaders in protecting and preserving the environment
while creating jobs for the Haitian people," concluded James Lee Witt Associates
CEO, James Lee Witt.
Haitian Green Partners will also have the capability to recycle used sandals and
other PVC products in order to produce new sturdy sandals for men, women and
children. For more information visit
http://www.haitispecialenvoy.org/press/celebrating-earth-day
Photo Release -- AERT's New Green Age Recycling Facility in Oklahoma Receives
Silver LEED Certification
Another First for AERT, Oklahoma, and the U.S.
SPRINGDALE, Ark., April 22, 2010 (GLOBE NEWSWIRE) -- Advanced Environmental
Recycling Technologies, Inc. (OTCBB:AERT), a leading plastic recycler and
manufacturer of Green building products, announced today that its new Green Age
Recycling Facility recently received silver certification from the Leadership in
Energy and Environmental Design (LEED) program operated by the U.S. Green
Building Council.

A photo accompanying this
release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7363
"Gaining LEED certification for the new plant is a significant milestone for
us," said Joe Brooks, CEO of AERT. "We are very pleased to be one of the ten
facilities in Oklahoma and the only plastic reclamation facility nationwide to
achieve LEED certification. Going through the LEED process has taught us a lot
about how we should evaluate buildings for our use and it has also given us a
new appreciation for the products we produce for others' use in their Green
initiatives."
"Buildings and building sites are a prime example of how human systems integrate
with natural systems," said Rick Fedrizzi, President, CEO & Founding Chair, U.S.
Green Building Council. The AERT project efficiently uses our natural resources
and makes an immediate, positive impact on our planet, which will tremendously
benefit future generations to come. According to Fedrizzi, "The Advanced
Resource Recovery Plant's LEED certification demonstrates tremendous green
building leadership. The urgency of USGBC's mission has challenged the industry
to move faster and reach further than ever before, and AERT serves as a prime
example with just how much we can accomplish."
The AERT Green Age facility, also known as the Advanced Resource Recovery Plant,
achieved LEED certification for energy use, lighting, water conservation and
recycling, and materials recovery, as well as for incorporating a variety of
other sustainable strategies. AERT worked with Crossland Construction to build
what is the first LEED certified plastic recycling facility in Oklahoma and the
United States. By using less energy and water, LEED certified buildings save
money for businesses and taxpayers, while reducing greenhouse gas emissions and
contributing to a healthier environment and economy for workers and the larger
community.
"Another aspect of this plant's contribution to energy and the environment is
what we do here," said Al Drinkwater, Sr. Vice President for AERT. "The new
plant is capable of reclaiming up to 500,000 pounds of polyethylene scrap per
day. The energy and environmental impacts of recycling polyethylene are
enormous. Each pound of polyethylene recycled saves enough energy to run a 100
watt light bulb for 100 hours. Not only do we have a building and site that have
been developed in an energy and environmentally responsible manner, we are also
contributing to sustainability by doing what we do every day," stated
Drinkwater.
Photo Release -- AEDC Helps AERT Launch New ChoiceDek Railing Package Throughout
North America
SPRINGDALE, Ark., April 15, 2010 (GLOBE NEWSWIRE) -- Advanced Environmental
Recycling Technologies, Inc. (OTCBB:AERT - News), a leading plastic recycler and
manufacturer of Green building products, announced today that the Arkansas
Economic Development Commission (AEDC) through the City of Springdale, Arkansas
is providing $170,000 in financial assistance for the purchase of new and
upgraded packaging equipment to support AERT's launch of the new ChoiceDek
handrail system throughout North America in Lowe's Home Improvement Warehouses.
As part of this introduction, AERT has spent the last 90 days refreshing over
1,600 store sets and has restocked stores with new color matching, precut
handrails and balusters that closely resemble real wood. New molded, matching
post caps and post collars have also been introduced.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7334
Commenting on the announcement AERT CEO, Joe Brooks, stated, "We are very
appreciative of AEDC's assistance in helping AERT launch this upgraded "Green"
product line. AERT has expended $1.1 million during the first quarter to
complete this refresh and restocking program. The new ChoiceDek railing system
is one of several new products AERT has launched this year as the company
responds to customer feedback and market input, and continues to work hard to
create jobs in Springdale."
Photo Release -- AERT Introduces New ChoiceDek Handrail System in Lowe's Stores
SPRINGDALE, Ark., April 12, 2010 (GLOBE NEWSWIRE) -- Advanced Environmental
Recycling Technologies, Inc. (OTCBB:AERT - News), a leading plastic recycler and
manufacturer of Green building products, announced today that the company
recently completed the introduction of its new, third generation ChoiceDek
handrail system in Lowe's Home Improvement Warehouses throughout the U.S. and
Canada. As part of this introduction, AERT has spent the last 90 days refreshing
over 1,600 store sets and has restocked stores with new color matching, precut
handrails and balusters that closely resemble real wood. New molded, matching
post caps and post collars have also been introduced.
Commenting on the new handrail system, AERT President, Tim Morrison, stated,
"The new ChoiceDek handrail system is bold, beautiful, and distinctive and is a
great looking alternative to plastic vinyl products. The handrail colors
coordinate with our existing ChoiceDek decking colors and are available in Grey,
Redwood, and Woodtone." For additional information, visit
http://www.choicedek.com/.

AERT Refinancing Update
SPRINGDALE, Ark., April 1,
2010 (GLOBE NEWSWIRE) -- Advanced Environmental Recycling Technologies, Inc.
(OTCBB:AERT), a leading plastic recycler and manufacturer of Green building
products, announced today that it has filed an 8-K concerning the restructuring
of the company's notes and payments with Allstate Investments.
On March 26, 2010, Advanced
Environmental Recycling Technologies, Inc. (AERT) entered into an agreement with
Allstate Insurance Company (Allstate) extending the maturity date of a loan in
the amount of $800,000 from July 1, 2009 to July 15, 2010. The loan bears
interest at a fixed rate of 19.75%. Principal payments of $200,000 per month for
four months begin April 15, 2010. All other terms of the loan were substantially
unchanged.
On March 26, 2010, AERT also
entered into an agreement with Allstate extending the maturity date of a loan in
the amount of $5,668,056 from July 1, 2009 to December 15, 2011. The loan bears
interest at a fixed rate of 10%. Payments of $63,000 per month begin April 15,
2011, with the remaining balance of the loan due at maturity, along with a
premium of 5% of the original principal amount of the loan. All other terms of
the loan were substantially unchanged.
AERT Announces ‘09 Year End Results
Net Loss
Reduced 86% on Lower Sales; Net Income Achieved Before Infrequent Charges; Gross
Margin Improved 73% YOY
SPRINGDALE, Ark., March 15, 2010 (GLOBE NEWSWIRE)--Advanced Environmental
Recycling Technologies, Inc. (
OTCBB:
AERT), a leading plastic recycler and manufacturer of Green
building products, announced today that sales for the year ended December 31,
2009 were $71.1 million, down from $87.4 million for the year ended December 31,
2008. Sales for the fourth quarter of 2009 were $13.2 million, compared to
$14.3 million in the fourth quarter of 2008.
Excluding
class action charges in 2009 and 2008, AERT’s earnings improved to net income of
$0.1 million in 2009 compared to a net loss of $31.1 million in 2008. Including
the class action accrual, AERT’s net loss was reduced to $5.0 million, or $0.10
per share, in 2009 compared to a net loss of $35.9 million, or $0.75 per share,
in 2008.
2009 continued to be a
challenging year for the building materials industry and for AERT, marked by
lower sales to distributors who maintained low inventory levels, and a decline
in sales at the retail level. However, efforts to reduce costs and improve
manufacturing efficiencies enabled the company to overcome lower sales and
record net income for the year, before a $5.1 million class action lawsuit
accrual. In addition, despite lower sales, AERT achieved an increase in
gross margin of 73% YOY.
Commenting on the company’s 2009 results, AERT CEO, Joe Brooks, stated, “2009
was a difficult year for the company, but regardless of economic challenges,
AERT reduced its operating loss and increased gross margin significantly YOY.
In 2009, operations and manufacturing continued to improve over prior periods,
positive cash flow from operations was regained, the class action deck cleaning
settlement was brought to closure, and in the second quarter, profitability was
re-attained. AERT commenced operations at its Green Age recycling facility
in Watts, Oklahoma this month and the company is beginning to gain additional
sales momentum going into the decking season. New and innovative ChoiceDek
products were recently shipped to Lowe’s stores nationwide and a new reversible
MoistureShield deck board was just introduced. A new LifeCycle EcoShield
deck tile product made from plastics obtained from the country's largest
retailer is slated to be introduced soon in select markets throughout the U.S. In addition, plans for 2010 include new
MoistureShield trim and fascia products and national distribution of
MoistureShield products through a nationwide network of independent
distributors.”
Brooks
concluded, “Under the leadership of AERT President,
Tim Morrison, and CFO,
Brian Hanna, AERT's management team and associates have done
an extraordinary job moving the business forward while launching new products
and completing AERT’s Green Age recycling facility during the greatest economic
unrest since the Great Depression. With all of the positive developments
taking place at AERT, the company is proud and excited to exhibit the true power
of ‘Green’ and we are looking forward to what 2010 has in store."
The
Company plans to release its fourth quarter earnings and 2009 Form 10-K on
Friday, March 26, 2010 and will host a conference
call and webcast on Tuesday, March 30, 2010,
beginning at 4:00 p.m. (EDT), 3:00 p.m. (CDT) to
discuss the results. Webcast participation instructions will be
forthcoming.
AERT Commences Operation of Green Age Recycling Facility in Watts, Oklahoma
(GlobeNewswire) -- SPRINGDALE, Ark., Feb. 26, 2010 -- Advanced Environmental
Recycling Technologies, Inc. (OTCBB:AERT), a leading plastic recycler and
manufacturer of Green building products, announced today that after two weeks of
checks and calibrations, the final approval for startup of AERT's new recycling
facility in Watts, Oklahoma was granted by the Oklahoma Department of
Environmental Quality on Thursday, February 25, 2010 with the initial run taking
place Thursday afternoon. AERT's new recycling facility performed as expected
and the recycled plastic processed through the system met initial quality
specifications. As required by permit conditions, AERT will complete a series of
tests over the next few weeks and the company will verify compliance with
nameplate capacity during that period.
Recycling technologies at AERT's new facility will allow the company to recover
previously difficult to recycle polyethylene sources creating a much broader
range of feed stocks for AERT's composite manufacturing plants in Arkansas.
Commenting on the completion and startup of the Watts recycling facility, AERT
President Tim Morrison stated,
"AERT appreciates the support and cooperation of
the State of Oklahoma, the Cherokee Nation, Allstate Investments, Adair County,
local government entities, and the United States Departments of Commerce and
Energy, and acknowledges the exceptional work completed by Crossland
Construction and AERT's own project team. We are proud and excited to have
completed construction of this state of the art, world class plastic recycling
facility near Watts, Oklahoma." AERT CEO Joe Brooks added, "We are pleased that
this vision is now becoming a commercial reality as AERT's composite business is
beginning to gain additional sales momentum going into the decking season. The
AERT team believes in the future of America and we are proud to move forward
with this game changer project. The company's Green-age plastic recycling
facility will soon become a worldwide example of Green manufacturing."
Additional information will be forthcoming.
Photo Release -- AERT to Introduce LifeCycle EcoDek Deck Tiles at
International Builders' Show in Las Vegas
(GlobeNewswire) -- SPRINGDALE, Ark., Jan. 21, 2010 -- Advanced Environmental
Recycling Technologies, Inc. (OTCBB:AERT), a leading plastic recycler and
manufacturer of Green building products, announced today that the company will
be introducing its new innovative LifeCycle® line of EcoDek® deck tiles today,
Thursday, January 21st at booth #N1831 at the International Builders’ Show in
Las Vegas, Nevada.

The new EcoDek Tiles are 12” x 12” interlocking floor tiles
manufactured utilizing recycled plastics along with recycled wood fibers from
scrap pallets and other waste wood products. This Green product was featured in
the Walmart Sustainability Tent and throughout the Pinnacle Golf Course at the
LPGA Golf Tournament last September in Rogers, AR. EcoDek deck tiles are a truly
Green product with over 90% recycled content and have been developed with AERT’s
Snap-to(TM) technology. EcoDek Tiles have superior strength and durability and
are ideal for surface applications on patios, verandas, rooftops, walkways, and
virtually all level surfaces. EcoDek Tiles require no special tools to install
and require no staining, painting, or sealing. For additional information,
please visit
www.moistureshield.com
AERT Information Available
Through Standard & Poor's Market Access Program
(GlobeNewswire) -- SPRINGDALE, Ark., Jan. 20, 2010-- Advanced Environmental
Recycling Technologies, Inc. (OTCBB:AERT), a leading plastic recycler and
manufacturer of Green building products, announced today that its company
information will be made available via Standard & Poor's Market Access Program,
an information distribution service that enables subscribing publicly traded
companies to have their company information disseminated to users of Standard &
Poor's Advisor Insight. The company information to be made available through
this program includes share price, volume, dividends, shares outstanding,
company financial position, and earnings. Standard & Poor's Advisor Insight is
an Internet-based research engine used by more than 100,000 investment advisors.
A public version of the site is available at www.advisorinsight.com. In
addition, information about companies in Standard & Poor's Market Access Program
will be available via S&P's Stock Guide database, which is distributed
electronically to virtually all major quote vendors. As part of the program, a
full description of AERT will also be published in the Daily News section of
Standard Corporation Records, a recognized securities manual for secondary
trading in up to 38 states under their Blue Sky Laws.
AERT to Introduce Composite
Trim and Moulding Products at International Builders' Show
(GlobeNewswire) -- SPRINGDALE, Ark., Jan. 14, 2010 -- Advanced Environmental
Recycling Technologies, Inc. (OTCBB:AERT), a leading plastic recycler and
manufacturer of Green building products, announced today that the company has
entered into a relationship with Pacific MDF Products, Inc. of Arkansas, a
leading national producer of primed mouldings, sold under the trade name,
PacTrim (R) to introduce a new line of exterior MoistureShield primed, composite
trim and moulding products to be sold through PacTrim's already established
North American network of distributors and retail outlets. "This new line of
MoistureShield exterior trim offers a Green alternative to PVC vinyl products
and provides a durable, moisture resistant alternative to wood type products,"
stated AERT Vice President of Sales, Brent Gwatney. Commenting on their new
partnership with AERT, PacTrim President, Douglas Hanzlick, stated, "For years,
builders at the IBS show, as well as our distributors and dealers, have asked us
to look at exterior products to mix with our interior PacTrim products. After
looking at numerous product lines, we are excited to have the opportunity to
work along side AERT with their years of experience manufacturing exterior
products. This relationship affords our distributors and dealers the freedom to
receive top quality interior and exterior trim products on one truck, increasing
their ability to control inventories, which is so important in today's business
climate. We are excited about the relationship we have formed with AERT and the
ability we have to meet customer demands." AERT will be showcasing
MoistureShield trim and moulding at the International Builders' Show (IBS) on
January 19th - 21st in Las Vegas, Nevada at AERT's booth #N1831, and in Pac
Trim's booth #C4782. For more information visit www.moistureshield.com and
www.pactrim.com.
AERT's 2010 Letter to
Shareholders
(GlobeNewswire) -- SPRINGDALE, Ark., Jan. 11, 2010-- AERT, Inc. (OTCBB:AERT):
Dear Shareholders,
On behalf of AERT and its Board of Directors, management team, and associates, I
am writing to share with you information regarding various matters of interest
and to communicate the many exciting opportunities I believe are in store for
AERT in 2010. 2009 was a very challenging year for your company and difficult
decisions had to be made. However, through the year AERT continued to focus on
the future and made the tough decisions we believe were in the best interest of
our shareholders. In 2009, operations and manufacturing continued to improve
over prior periods, positive cash flow from operations was regained, the class
action deck cleaning settlement was brought to closure, and in the second
quarter, profitability was reattained. AERT President, Tim Morrison, and CFO,
Brian Hanna, along with AERT's management team and associates, have done an
extraordinary job moving the business forward in this extremely tenuous economic
environment.
Building the Business
In 2010, new handrail products are planned for ChoiceDek, a new LifeCycle
EcoShield deck tile product made from recycled plastics from the country's
largest retailer will be introduced in select markets throughout the U.S., and
recently a new reversible MoistureShield deck board was launched. In addition,
new innovative MoistureShield trim and fascia products are planned for this
year. 2010 is also expected to bring national distribution of MoistureShield
products through a nationwide network of independent distributors. More
information on these and other exciting new products and developments will be
forthcoming as they unfold this spring. AERT will once again be exhibiting at
the International Builders Show (IBS) on January 18th - 21st in Las Vegas,
Nevada at booth N1831. Your sales associates will be showcasing new products as
well as AERT's Green message, "The Truth About Green."
Advanced Resource Recovery Project (Watts, OK)
AERT's new plastic recycling plant is scheduled to start up in February. This
plant is designed to further improve AERT plastic recycling efficiencies and
reduce costs. But most importantly, it will help to insulate and hedge AERT
against rising petrochemical costs by utilizing lower end mixed polyethylene
plastics in combination with AERT plastic reformulation technologies. For
example, one large source of waste is a mixed plastic and paper waste by-product
of paper recycling operations. This by-product has been recycled in large
quantities by AERT for several years, which has included separating a portion of
the LDPE plastic for use and landfilling the unusable material at a considerable
expense. The Watts facility will recover all of the plastic, increasing our
yield while also cleaning the paper to make it available for resale to other
manufacturers. Watts is also designed to recycle other low end waste plastics to
help keep raw material costs down, and will allow for additional revenue streams
of recycled plastics (Green) compounds in the future. This new facility
exemplifies AERT's core raw material recycling strategy and should allow AERT to
maintain margins while continuing our Green mission. As the economy strengthens
and petrochemical prices rise, this will be a strong, positive differentiator
for AERT.
AERT's Common Stock Listing
AERT recently transitioned its common stock listing from the Nasdaq Capital
Market to the OTC Bulletin Board, which is also operated by Nasdaq. The OTC
Bulletin Board currently lists 3,319 securities and, for many companies, has
replaced the former Nasdaq small cap market on which AERT was traded for most of
its history. Due to the large amount of extraordinary non-cash charges and
write-downs over the last two years, AERT was placed in a very challenging
situation in 2009. AERT worked closely with the Nasdaq stock market and its
Listing Qualifications Panel in '09 and presented a plan to regain compliance by
the end of last year. The Panel supported AERT and accepted its plan to regain
profitability in 2009; however, due to a larger than expected influx of class
action claims in the final weeks of the claim period and the resulting
additional accruals, the plan proved not to be attainable by the end of the
year. AERT management believes it was in the best interest of our shareholders
to transfer to a different stock exchange rather than severely dilute existing
shareholder equity or execute a reverse stock split under current market
conditions in order to maintain the national Nasdaq listing. With the company
growing stronger and gaining momentum, and with the new products and facilities
coming online, we thought it best to regain AERT's growth, maintain
profitability, and recapitalize at a time more favorable for AERT shareholders.
This was not a decision that was made lightly, but again we believe it was in
the best interest of all shareholders. To follow AERT common stock and its
trading, please visit www.otcbb.com and enter "AERT" in the symbol lookup field
- at Yahoo!Finance use "AERT.OB".
Thinking Outside the Box
As we move forward with AERT's streamlined overhead structure, the company
continues to maintain a good working relationship with its customers, bankers,
creditors, and vendors. We continue to evolve and restructure as AERT works to
refinance. Additional information will be reported as it is finalized. AERT's
partners continue to work together to assist the company during this difficult
period and to grow AERT's business for the benefit of everyone involved. In
closing, there is an old adage that says, "Tough times never last, but tough
people and tough companies do." With this letter, all of us at AERT wish to
thank you for your investment and your support. We are excited and looking
forward to what 2010 has in store. At AERT, we believe in America and the
resilience of Americans and the American economy. Your company is now positively
positioned to become a national example of the true power of "Green." It is our
continued commitment to do all we can to generate strong cash flows and solid
net income, to honor our agreements, and to build value for you, our loyal
shareholders.
Very truly yours,
Joe G. Brooks
Chairman & CEO
Photo Release -- AERT World
Class Plastic Recycling Project Nearing Startup
(GlobeNewswire)--SPRINGDALE, Ark., Nov. 19, 2009--Advanced Environmental
Recycling Technologies, Inc. (Nasdaq:AERT), a leading plastics recycler and
manufacturer of Green building products, recently announced that construction of
the initial phase of its state of the art, world class plastic recycling
facility near Watts, Oklahoma is nearing completion and is scheduled to start up
in the first quarter of 2010. The company has also filed for LEED certification
and anticipates that the Watts facility will soon be the first LEED certified
recycling facility in Oklahoma. The initial phase will be focused on recycling
low end, highly contaminated waste polyethylene films into bulk plastic
feedstocks for AERT's composite manufacturing plants in Arkansas.

Upon startup of the facility, the company will promptly move into second stage
construction whereby additional storage and equipment will be installed to allow
recycled polyethylene plastics to be blended and reformulated into Green
recycled plastic resins. These resins will be sold to third party manufacturers
for ever increasing sustainable and recycled content applications. Polyethylene
plastic is one of the most under recycled resources in the American waste stream
with only about seven percent recycled according to 2008 EPA statistics. AERT's
new Watts plant will increase the national capacity for recycling polyethylene
and simultaneously create American jobs. Recycling polyethylene plastic such as
grocery bags, stretch wrap, and packaging material has significant energy and
environmental impacts. Recycling one pound of low density polyethylene results
in a savings of 30,099 British thermal units (Btu) of energy according to the
U.S. Environmental Protection Agency. The polyethylene recycled at AERT's new
reclamation plant during its first year of operation will result in saving an
amount of energy equal to over 2.1 trillion Btu or the equivalent of the
gasoline consumed in over 23,000 passenger vehicles. Greenhouse gas generation
is also reduced as a result of recycling polyethylene. According to the EPA,
recycling one ton of low density polyethylene results in saving 1.71 metric tons
of CO2 equivalent. The greenhouse gas reduction created by the new plant is
estimated to be equal to removing over 10,000 passenger vehicles from the road.
The Watts recycling facility was funded by Allstate Investments with additional
financial support from the Cherokee Nation, the State of Oklahoma, Adair County,
local government entities, and the United States Departments of Commerce and
Energy which helped provide site infrastructure support including road and sewer
improvements for the area. "We are extremely appreciative of the involvement and
commitment of all parties in helping move this project forward during this
difficult economic period in our country's history," stated AERT CEO, Joe
Brooks. "AERT's Watts project exemplifies the spirit and the 'can do' attitude
of America, Oklahoma, and of AERT associates, and will shortly demonstrate to
the world that recycling plastic will make AERT more competitive, hedge against
future petrochemical related price increases, and save enormous amounts of
energy. Practicing conservation and being Green and sustainable is simply common
sense and it will contribute significantly to improve profitability for AERT in
2010," Brooks concluded.
Additional News and Media for Advanced Environmental Recycling Technologies Inc.
(AERT) may be found at:
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