Synagro Appoints PricewaterhouseCoopers as Auditor

ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.

SUBSCRIBE/UNSUBSCRIBE |

Conservation & Wildlife

Corporate Responsibility

Science & Technology

Syndication Partners

**************************************************************************

E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE

**************************************************************************

FOR IMMEDIATE RELEASE

Synagro Appoints PricewaterhouseCoopers as Auditor

TEXAS, HOUSTON, Aug. 8 -/E-Wire/-- Synagro Technologies Inc. (Nasdaq:SYGR), a full-service provider of water and wastewater residuals management services, announced today that its Board of Directors has appointed PricewaterhouseCoopers LLP as the Company's independent auditors for fiscal year 2002. The appointment was made after an extensive review of the top-ranked public accounting firms. The final selection was made at the recommendation of the Audit Committee of the Company's Board of Directors. Prior to the selection of PricewaterhouseCoopers, Arthur Andersen LLP had served as the Company's independent auditors. The decision to change auditors was not the result of any disagreement between the Company and Arthur Andersen on any matter of accounting principles or practices, financial statement disclosures or auditing scope or procedure.

Synagro is the largest national company focused on water and wastewater residuals management services in the United States, serving over 1,000 municipal and industrial water and wastewater generators in 35 states and the District of Columbia. The Company offers a range of water and wastewater residuals management services focusing on the beneficial reuse of organic, nonhazardous residuals resulting from the water and wastewater treatment process, including collection and transportation, land application, thermal drying and pelletization, incineration, composting, alkaline stabilization, dewatering, cleanout services, wastewater treatment plant operations and maintenance, product marketing and related recordkeeping and regulatory reporting services.

This press release contains certain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, which involve known and unknown risks, uncertainties or other factors not under the Company's control, which may cause the actual results, performance or achievement of the Company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, (1) the ability to find, timely close and integrate acquisitions, (2) unseasonable weather, (3) changes in government regulations and (4) the ability to access debt and equity financing when needed. Other factors are discussed in the Company's periodic filings with the Securities and Exchange Commission

Synagro Technologies Inc.

Synagro Technologies Inc., Houston TX,

Ross M. Patten, 713/369-1700

http://www.synagro.com

**************************************************************************

To Transmit Your News Over E-Wire, visit http://www.ewire.com or

call 1-[REDACTED-PHONE]. E-Wire Is Broadcast To Millions Of Readers Worldwide

**************************************************************************