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Security Environmental Systems Inc

BUSINESS
June 22, 1993
Security Environmental Systems of Garden Grove said Monday that it has won a $2.4-million contract extension from the Pentagon for handling the disposal of hazardous wastes at several military bases. President Stephen I. Grossman said the one-year extension makes the total contract worth $4.7 million. Under the deal, the company will continue to manage hazardous waste disposal at the Navy's Port Hueneme and Air Force bases at Point Mugu and Vandenberg.
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BUSINESS
July 23, 1993
A reverse stock split at Security Environmental Systems takes effect July 30, President Stephen I. Grossman said Thursday. The 3-for-1 split will reduce the company's outstanding shares from 9.6 million to about 3.2 million. "We believe that the reverse stock split will position the company's shares for increased participation by institutional and other significant shareholders," Grossman said.
BUSINESS
May 18, 1993
Security Environmental Systems, the Garden Grove hazardous-waste disposal company, posted a profit of $434,408, or 4 cents a share, for its third fiscal quarter. That compared to earnings of $151,774, or 1 cent a share, for the same period a year earlier. Revenue for the three months ended March 31 rose 30% to $2.6 million from $2 million.
CALIFORNIA | LOCAL
May 24, 1991 | MAURA DOLAN, TIMES ENVIRONMENTAL WRITER
A Southern California company that was the first in the state to obtain permits to build a commercial hazardous waste incinerator has abandoned the Los Angeles County project, charging Thursday that "political pressure" had unraveled the 6-year-old deal.
BUSINESS
August 13, 1994
The state attorney general's office has filed a lawsuit against a Huntington Beach hazardous-waste hauling company alleging that it operated a medical waste transfer station in Bakersfield without a permit. Security Environmental Systems operated the transfer station from January, 1991, to April, 1993, according to the lawsuit filed Thursday in Orange County Superior Court.
BUSINESS
March 25, 1994
Security Environmental Systems Inc. said Wednesday that it has won a $500,000 hazardous waste disposal contract from a leading aerospace company in Southern California. Security Environmental officials said the aerospace company did not grant permission for its identity to be revealed. The one-year account is the first that Security Environmental has won from a major aerospace client.
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