EarthCare Announces Preliminary Earnings Results and Extension for Late Filing Of Form 10-K

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EarthCare Announces Preliminary Earnings Results and Extension for Late Filing

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TO BUSINESS AND ENVIRONMENTAL EDITORS:

EarthCare Announces Preliminary Earnings Results and Extension for Late Filing

TEXAS, DALLAS, Apr. 9 -/E-Wire/-- EarthCare Company (Nasdaq: ECCO) announced today its preliminary operating results for the year ended December 31, 2000 and also announced that it expects to file its Annual Report on Form 10-K on or before April 16, 2001. EarthCare filed a Form 12b-25 with the Securities and Exchange Commission on April 3 requesting a 15-day extension to file its Annual Report on Form 10-K.

The Company expects to report revenues from continuing operations of approximately $37 million for the year ended December 31, 2000. EarthCare also expects to report a loss from continuing operations of approximately $6 million for 2000. In addition, EarthCare Company anticipates that it will report a loss from its discontinued operations of approximately $51 million. The loss from discontinued operations includes an operating loss from discontinued operations of approximately $11 million and a loss from the sale of its discontinued operations of approximately $40 million. EarthCare's management is in the process of completing its assessments of its discontinued operations and expects to make further announcements by the date that its Annual Report on Form 10-K is filed. As previously announced, EarthCare sold its Allen Tate software division at the end of October 2000 and incurred a $4.0 million loss on the sale. For the year ended December 31, 1999, EarthCare expects to report revenues from continuing operations of approximately $3 million and a loss from continuing operations of approximately $8 million.

Don Moorehead, Chairman and CEO of EarthCare, said, "While we are not satisfied with our performance in 2000, we are taking the right steps to focus the financial and management resources of EarthCare on its solid waste business and on supporting its EarthLiquids used oil recovery business. We will continue to explore strategic and financing alternatives to improve our capital structure and better position EarthCare for future growth and profitability."

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, Vice President, Chief Financial Officer of

EarthCare Company, [REDACTED-PHONE]

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