SEC sold to Permafix

[Rennhack]

This news is about two months old, but no one else has mentioned it that I know of.

http://www.marketwatch.com/story/perma-fix-reports-record-revenue-and-54-million-of-ebitda-for-the-second-quarter-of-2011-net-income-increases-74-to-25-million-or-005-per-share-2011-08-04?reflink=MW_news_stmp

Dr. Centofanti continued, "In addition to improved financial performance, we have undertaken several major initiatives that we believe will transform Perma-Fix in the coming years. Most recently, we signed a definitive agreement to acquire Safety and Ecology Holdings Corporation (SEC) from Homeland Security Capital Corporation. This acquisition, if completed, should nearly double our revenue based on past revenue performance of SEC and will significantly expand the scope of services we can offer our customers. We are acquiring SEC through a combination of cash and debt, and we believe the transaction will be accretive to earnings. We are also close to completing our planned sales of the Ft. Lauderdale and Orlando industrial waste facilities, which should further enhance our balance sheet.

http://www.marketwatch.com/story/homeland-security-capital-corporation-announces-the-sale-of-its-nexus-technologies-group-subsidiary-to-north-american-video-for-28-million-2011-08-22?reflink=MW_news_stmp

C. Thomas McMillen, HOMS Chairman and CEO, stated, "The sale of Nexus and the previously announced agreement to sell Safety & Ecology Holdings Corporation furthers our efforts to focus our energy on our newly acquired companies in real estate services." McMillen continued, "It is our intention to use the proceeds of this sale to extinguish a portion of our debt as we try to strengthen our overall balance sheet."

http://www.bizjournals.com/atlanta/news/2011/08/16/perma-fix-selling-orlando-location.html

In July, Perma-Fix reported plans to buy Safety and Ecology Holdings Corp. (OTC BB: HOMS) in a $24.5 million deal.