EarthCare Company Reaches Settlement in Arbitration Proceedings With World Fuel Services

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TO BUSINESS AND ENVIRONMENTAL EDITORS:

EarthCare Company Reaches Settlement in Arbitration Proceedings With World Fuel Services

TEXAS, DALLAS, Mar. 15 -/E-Wire/-- EarthCare Company (Nasdaq: ECCO) today announced it has reached a settlement in its arbitration proceedings with World Fuel Services (NYSE: INT) related to EarthCare's acquisition of World Fuel Services' oil-recycling segment in February 2000.

With the settlement, EarthCare and World Fuel Services have resolved their differences with respect to the sale, dismissed all pending proceedings and released each other from all other obligations arising from the sale. As part of the negotiated settlement involving working capital and other claims, EarthCare agreed to remit $1.75 million to World Fuel Services.

"We are pleased to resolve this arbitration," said Donald Moorehead, chairman and CEO of EarthCare. "We look forward to expanding our presence in the solid waste industry, and we continue to explore strategic and financing alternatives for our liquid waste divisions."

EarthCare Company is a nonhazardous waste services company with business units serving the solid and liquid waste needs of a variety of residential, commercial, municipal and industrial customers.

Forward-looking statements in this release involve a number of risks and uncertainties that may cause actual results to differ materially from expected results. These risks and uncertainties are described in detail in the company's filings with the Securities and Exchange Commission.

Bill Solomon, Chief Financial Officer of EarthCare Company,

[REDACTED-PHONE], ext. 113, or [REDACTED-EMAIL]

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