READING, Pa., March 14, 2011 (GLOBE NEWSWIRE) -- USA Recycling Industries, Inc., fka Voyager Petroleum Inc. (Pink Sheets:USRI) (Frankfurt:DXD), a scrap metal recycler servicing the automotive service center chain store industry, with commercial customers throughout North America, today announced it has been issued a new trading symbol for its Common Stock. Effective today the Company's Common Stock will trade on the Pink Sheets under the symbol "USRI." In addition, the Company also today announced a reverse stock split of its issued and outstanding Common Stock whereby one (1) share of Common Stock will be issued in exchange for every two hundred (200) shares. This reverse stock split is also effective today. Vincent J. Smith, CEO of the Company, stated: "We are pleased to take a major step forward with our reorganization plans that will further enhance long-term shareholder value and better position the Company for future acquisition activities in the automotive recycling arena."
About the Company
USA Recycling Industries, Inc., formerly known as Voyager Petroleum, Inc. (www.usarecyclingindustriesinc.com), is a publicly traded mid-market scrap metal recycler servicing commercial and 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 Center 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, the company is now comfortable with integrating other ancillary products such as oils and other automotive-related recyclables to its specialty services.
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, future 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.