PHC.L Regulatory News (PHC)

13 Apr 2005 07:00

Plant Health Care PLC13 April 2005 Press Release For immediate release: 13 April 2005 Plant Health Care wins contract to restore former coal mine sites to forested land in Wyoming Plant Health Care plc ("PHC" or the "Company"), the leading supplier of naturalproducts for plants and soil, has been awarded a Professional Services Contractfor a three-year abandoned mine land reclamation project in the State ofWyoming. The contract has a minimum value of $510,000 but it is expected thatthe total revenues could be significantly greater over the 3 year period. Over200 abandoned coal mine sites will be reclaimed to create farm land, parks andother green spaces. PHC Reclamation, Inc. ("PHC-REC"), the Company's wholly owned reclamationsubsidiary, has been contracted by the Department of Environmental Quality/Abandoned Mine Land Division ("AML") to provide professional engineering anddesign services for a number of abandoned coal mine sites which pose hazards topublic health and safety, or constitute an environmental hazard. The primaryareas of concern consist of abandoned coal mines located in the Sheridan,Johnson, Campbell, Weston and Crook Counties of Northeast Wyoming. PHC-REC has a well-known reputation as one of the foremost land reclamationcompanies in the United States and for excellence in engineering, design, andconstruction management, and was the 2004 recipient of the coveted People'sChoice Award for best national reclamation project presented by the UnitedStates Department of the Interior, Office of Surface Mining. Since 1997 PHC-REChas successfully restored over 10,000 acres of abandoned land including 26 sitesin the State of Wyoming. Turnover for PHC-REC for the year ended 31 December 2004 was in line withforecasts. Revenue from this contract will commence during 2005 and is expectedto continue for the following 3 years. CEO of PHC, John Brady added: "We are proud of the work we have done in Wyoming,Utah and Montana over the past seven years and we are confident that thisproject will be as successful as those before it. The Reclamation business isone of our main sectors and we will continue to look for opportunities in otherareas of the United States and also in Europe. The market for land reclamationis worth billions of dollars in the US alone and PHC is well positioned tocapture an increasing market share." For further information please contact: Plant Health Care plc Tavistock CommunicationsJohn Brady, CEO Jeremy Carey/Katy Pratt/ Christian Taylor-WilkinsonTel: 001 603 525 3702 Tel: 020 7920 3150Steve Whitcomb Email: kpratt@tavistock.co.ukTel: 001 412 826 5488 Email: ctaylor-wilkinson@tavistock.co.uk Notes to Editors About PHC Plant Health Care plc is a leading provider of natural products for plants andsoil. Established in 1995 in Pittsburgh (Pennsylvania) in the United States, PHCcurrently has approximately 60 employees and has operations in the US, Mexico,UK, Spain, and the Netherlands with technical support in Austria. The Group hastwo principal operating subsidiaries in the US - PHC Inc (PA) and PHC-REC. TheCompany listed on the AIM market of the London Stock Exchange in July 2004. PHC's products are aimed at the horticulture, agriculture, turf grass,commercial landscaping, forestry and land reclamation industries and are bothenvironmentally beneficial and on the whole more cost effective than syntheticchemical alternatives. Through the commercialisation of these products, PHC iscapitalising on current long-term trends toward natural systems and biologicalproducts for plant care and soil and water management uses. PHC-REC is an environmental and reclamation engineering consulting firm whichprovides engineering and design services for reclamation lands disturbed bymining, construction, and other activities. PHC-REC are the recognized leader inthe use of biologically based solutions using mycorrhizal fungi and bacteria forthe establishment of trees, shrubs, and grasses on these disturbed lands.PHC-REC was established in 1997 to exploit PHC's products and technology. This information is provided by RNS The company news service from the London Stock Exchange