SystemOne Technologies Announces Transition To Operating Profitability

Apr 23, 2001, 01:00 ET from SystemOne Technologies Inc.

    MIAMI, April 23 /PRNewswire Interactive News Release/ --
 SystemOne Technologies Inc. (Nasdaq:   STEK), formerly Mansur Industries Inc.,
 today announced that, as it had anticipated in its April 3rd year-end earnings
 release, the Company expects to post its first quarterly operating profit
 since the third quarter of 1997.
     The Company's previously announced marketing agreement with industry
 leader Safety-Kleen was successfully launched during the first quarter and, as
 expected, has greatly enhanced the Company's operating and financial
 performance.  The Company has fully completed the shutdown of its national
 sales and service infrastructure shedding an estimated $20 million in annual
 operating expenses as compared to its 1999 peak.
     "We feel very good about transitioning the Company to sustainable
 operating profitability," stated SystemOne's Chief Executive Officer, Paul I.
 Mansur, "and we are targeting continuous improvements in revenues and profits
 as volume increases and we launch new product lines and new international
 markets".
     Founded in 1990, SystemOne Technologies designs, manufactures, sells and
 supports a full range of self-contained, recycling industrial parts washing
 products for use in the automotive, aviation, marine and general industrial
 markets. The Company has been awarded ten patents for its products, which
 incorporate innovative, proprietary resource recovery and waste minimization
 technologies. The Company is headquartered in Miami, Florida.
     This press release contains forward-looking statements regarding future
 events and the future performance of SystemOne Technologies Inc. that involve
 risks and uncertainties that could cause actual events to differ materially,
 including, uncertainties with respect to future performance such as the
 continuing performance by Safety-Kleen under the exclusive marketing agreement
 with SystemOne, market acceptance of new products and the availability of
 distribution channels in international markets.  We refer you to the documents
 that SystemOne Technologies files from time to time with the Securities and
 Exchange Commission which contain important factors that could cause its
 results to differ from its current expectations.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X99871504
 
 

SOURCE SystemOne Technologies Inc.
    MIAMI, April 23 /PRNewswire Interactive News Release/ --
 SystemOne Technologies Inc. (Nasdaq:   STEK), formerly Mansur Industries Inc.,
 today announced that, as it had anticipated in its April 3rd year-end earnings
 release, the Company expects to post its first quarterly operating profit
 since the third quarter of 1997.
     The Company's previously announced marketing agreement with industry
 leader Safety-Kleen was successfully launched during the first quarter and, as
 expected, has greatly enhanced the Company's operating and financial
 performance.  The Company has fully completed the shutdown of its national
 sales and service infrastructure shedding an estimated $20 million in annual
 operating expenses as compared to its 1999 peak.
     "We feel very good about transitioning the Company to sustainable
 operating profitability," stated SystemOne's Chief Executive Officer, Paul I.
 Mansur, "and we are targeting continuous improvements in revenues and profits
 as volume increases and we launch new product lines and new international
 markets".
     Founded in 1990, SystemOne Technologies designs, manufactures, sells and
 supports a full range of self-contained, recycling industrial parts washing
 products for use in the automotive, aviation, marine and general industrial
 markets. The Company has been awarded ten patents for its products, which
 incorporate innovative, proprietary resource recovery and waste minimization
 technologies. The Company is headquartered in Miami, Florida.
     This press release contains forward-looking statements regarding future
 events and the future performance of SystemOne Technologies Inc. that involve
 risks and uncertainties that could cause actual events to differ materially,
 including, uncertainties with respect to future performance such as the
 continuing performance by Safety-Kleen under the exclusive marketing agreement
 with SystemOne, market acceptance of new products and the availability of
 distribution channels in international markets.  We refer you to the documents
 that SystemOne Technologies files from time to time with the Securities and
 Exchange Commission which contain important factors that could cause its
 results to differ from its current expectations.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X99871504
 
 SOURCE  SystemOne Technologies Inc.