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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 24, 2006
PERMA-FIX ENVIRONMENTAL SERVICES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-11596 58-1954497
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
8302 Dunwoody Place, Suite 250, Atlanta, Georgia 30350
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (770) 587-9898
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Section 2 - Financial Information
Item 2.02 Results of operations and financial condition
On October 24, 2006, we announced our expectation to achieve revenue of
approximately $21.0 million for the third quarter of fiscal 2006, compared to
$22.8 for the same period last year, and a nominal profit for the third quarter
2006 that will be substantially less than the profit reported for the third
quarter of 2005. We have furnished as an exhibit the press release dated October
24, 2006, announcing the 3rd quarter expectations.
Section 8 - Other Events
Item 8.01 Other events
On October 24, 2006, we announced that we signed a letter of intent to acquire
Nuvotec USA, Inc. and its wholly owned subsidiary, Pacific EcoSolutions, Inc.
(PEcoS), a mixed waste management company, based in Richland, Washington. The
acquisition is subject to, among other things, completion of due diligence,
assessment of liabilities, and execution of definitive agreements. Under the
letter of intent, as consideration for the purchase, Perma-Fix would issue up to
$7 million of its shares of common stock; assume certain debts and obligations
of Nuvotec and PEcoS; and, based on the amount of debts and obligations assumed,
pay a certain amount in cash. PEcoS' facility is permitted to treat, store and
process hazardous, low level radioactive, and mixed waste, and is located
adjacent to the Department of Energy's (DOE) Hanford site. We have furnished as
an exhibit the press release dated October 24, 2006, announcing our signed
letter of intent to acquire Nuvotec USA, Inc. and its wholly owned subsidiary,
Pacific EcoSolutions, Inc.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial statements and exhibits
(d) Exhibits
Exhibit 99.1 Press Release dated October 24, 2006, "Perma-Fix
Comments on Outlook for Third Quarter of 2006"
Exhibit 99.2 Press Release dated October 24, 2006, "Perma-Fix Signs
Letter of Intent to Acquire PEcoS' Radioactive and
Mixed Waste Treatment Facility"
SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PERMA-FIX ENVIRONMENTAL
SERVICES, INC.
Dated: October 26, 2006 By: /s/ Steven Baughman
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Steven Baughman
Vice President and
Chief Financial Officer