CET Environmental Announces Third-Quarter Results

Date: October 31, 2002

Source: News Room

CET Environmental Services, Inc. (Amex: ENV) has announced that revenues for the third quarter ended Sept. 30, 2002 were $420,891, down from $4.04 million in the year-earlier period, when Environmental Protection Agency contract activities contributed $3.7 million in revenues. The company's contract with the EPA expired on January 8, 2002, and no revenues were derived from the EPA during the current quarter. With lower revenues and cost overruns related to three now-completed water/wastewater projects, a net loss of $387,608 or $0.07 a share was incurred. A year earlier, the company reported a profit of $213,376 or $0.04 a share. More information: www.cetenvironmental.com.

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