Perma-Fix Environmental Services, Inc. Secures $6,000,000 Credit Facility

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FOR IMMEDIATE RELEASE:

Perma-Fix Environmental Services, Inc. Secures $6,000,000 Credit Facility

ATLANTA, GEORGIA, Feb. 20 -/E-Wire/-- Perma-Fix Environmental Services, Inc. (Nasdaq:PESI - news; Germany:PES.BE) announced today that it has finalized a new short term credit facility with BHC Interim Funding, L.P. ("BHC') for up to $6.0 million. The initial draw of $3.5 million was received at Closing, with the remaining $2.5 million to be drawn subject to PESI meeting certain conditions.

The credit facility has a term of 14 months and will be used to complete construction of M&EC;'s advanced mixed waste treatment facility, as part of PESI's contract with M&EC;, located on the U.S. Department of Energy's K-25 nuclear weapons plant in Oak Ridge, Tennessee. M&EC; presently holds three U.S. Department of Energy subcontracts to treat chemically hazardous, nuclear waste (mixed waste) produced throughout the U.S. Department of Energy (DOE) system. The facility is expected to be completed by the end of March 2001. On February 14, PESI announced that it had signed a definitive agreement to purchase M&EC;, subject to certain conditions being met.

Dr. Louis F. Centofanti, President and CEO of PESI commented that, "Securing this financing will assist us in the completion of construction of the M&EC; facility and to move forward with the DOE in treating hazardous, nuclear waste generated by DOE during the cold war, which has up to now been stored throughout the DOE system. We are very excited about being at the forefront in addressing this major environmental issue.'

BHC, an affiliate of Brooks, Houghton & Company, Inc., is based in New York and provides interim and bridge capital to U.S. middle market companies that are seeking capital on a timely basis to facilitate permanent equity and debt financing, acquisitions, recapitalization and growth. The typical investment ranges from $2 million to $20 million with a term of up to 24 months.

Perma-Fix Environmental Services, Inc. is a national Environmental Services company, providing unique hazardous, mixed and industrial waste management services. The Industrial Services Division provides waste treatment services for a diverse group of customers including Fortune 500 Companies, numerous Federal, State and local agencies and thousands of smaller clients. The Nuclear Services Division provides radioactive and mixed waste treatment services to hospitals, research laboratories and institutions, numerous Federal agencies including the Department of Energy and Defense and Nuclear utilities. The Company operates nine major waste treatment facilities across the country.

This press release contains "forward-looking statements' which are based largely on the Company's expectations and are subject to various business risks and uncertainties, certain of which are beyond the Company's control. Forward-looking statements include, but are not limited to, the completion of the M&EC; facility by the end of March 2001, the treatment of DOE waste, and being at the forefront in addressing this major environmental issue. These forward-looking statements are intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. While the Company believes the expectations reflected in this news release are reasonable, it can give no assurance such expectations will prove to be correct. There are a variety of factors which could cause future outcomes to differ materially from those described in this release, including without limitation, future economic conditions, industry conditions, competitive pressures, the Company's ability to complete construction, the facility's ability to effectively treat such hazardous, nuclear waste and compliance with the subcontracts M&EC; has obtained to treat DOE waste. The Company makes no commitment to disclose any revisions to forward-looking statements, or any facts, events or circumstances after the date hereof that bear upon forward-looking statements.

Please visit us on the world wide web at "www.perma-fix.com.'

Perma-Fix Environmental Services, Inc.

Perma-Fix Environmental Services, Inc., Atlanta, Dr. Louis F. Centofanti, 404/847-9990 or Strategic Growth International, Great Neck, N.Y., Stan Altschuler, 516/829-7111, Email: [REDACTED-EMAIL]

http://http://www.perma-fix.com

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