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USA Recycling Industries, Inc. Signs LOI to Acquire 51% of Scrap Tire-Rubber & Used Battery Export Business

READING, Pa., April 13, 2011 (GLOBE NEWSWIRE) -- USA Recycling Industries, Inc., fka Voyager Petroleum, Inc. (Pink Sheets:USRI) (Frankfurt:DXD), a scrap metals recycler servicing the automotive service center chain store industry with commercial customers throughout North America, today announced it has executed a Letter of Intent to acquire a 51% interest in the scrap tire-rubber & used auto battery export business of Continental Waste Management, LLC, a North Carolina based waste recycling & export company with a trading network worldwide. Under the terms, "it is the intent of the Parties that Continental Waste Management shall sell and USA Recycling Industries shall purchase the ownership interests compromising 51% of the scrap tire-rubber & used auto battery export business".  The Agreement details a closing date "no later than 20 days from the date of the Letter of Intent". USA Recycling Industries CEO Vincent J. Smith stated, "The Agreement with Continental Waste Management allows the Company to have significant access to end-users & considerable pricing advantages when negotiating within the international scrap tire-rubber & used auto battery trading markets". Continental Waste Management CEO Ujas Patel added, "This arrangement provides our international consumers with direct access to a large supply of recycled scrap tire-rubber & used auto batteries from one of the nation's leading recycling innovators".
/ Source: GlobeNewswire

READING, Pa., April 13, 2011 (GLOBE NEWSWIRE) -- USA Recycling Industries, Inc., fka Voyager Petroleum, Inc. (Pink Sheets:USRI) (Frankfurt:DXD), a scrap metals recycler servicing the automotive service center chain store industry with commercial customers throughout North America, today announced it has executed a Letter of Intent to acquire a 51% interest in the scrap tire-rubber & used auto battery export business of Continental Waste Management, LLC, a North Carolina based waste recycling & export company with a trading network worldwide. Under the terms, "it is the intent of the Parties that Continental Waste Management shall sell and USA Recycling Industries shall purchase the ownership interests compromising 51% of the scrap tire-rubber & used auto battery export business".  The Agreement details a closing date "no later than 20 days from the date of the Letter of Intent". USA Recycling Industries CEO Vincent J. Smith stated, "The Agreement with Continental Waste Management allows the Company to have significant access to end-users & considerable pricing advantages when negotiating within the international scrap tire-rubber & used auto battery trading markets". Continental Waste Management CEO Ujas Patel added, "This arrangement provides our international consumers with direct access to a large supply of recycled scrap tire-rubber & used auto batteries from one of the nation's leading recycling innovators".

About the Company

USA Recycling Industries, Inc., formerly known as Voyager Petroleum, Inc. (), is a publicly traded mid-market scrap metal recycler servicing commercial & industrial customers throughout North America. The Company now participates in a $75 billion global scrap metals market through its acquisition of Scrap USA in December 2010. Operating since 2007, Scrap USA has been focused on and successful in targeting the Automotive Service Centre Industry. It currently provides specialty recycling programs to more than 4,000 automotive service center locations operated by some of the most recognizable names in that retail category. The Company's contracted automotive scrap metal suppliers are listed on the NASDAQ, New York Stock Exchange and others are owned by some of the world's largest hedge funds. Having developed a national footprint in its current market of scrap metal collection & processing the company is now comfortable with integrating other ancillary products such as used motor oil and other automotive related recyclables to its specialty services.

About Continental Waste Management, LLC

Continental Waste Management, LLC based in Morrisville, North Carolina is a recycling and manufacturing company dedicated to converting waste plastic materials into commercially viable products, utilizing environmentally friendly recycling and manufacturing methods. The waste recycling company operates with several divisions including recycling, manufacturing and trade export with a worldwide network of consumers.

Safe Harbor Forward-Looking Statements

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, further milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

CONTACT: Vincent J. Smith - CEO USA Recycling Industries, Inc. 877-464-5856 Email: VSmith@usarecyclingindustriesinc.com