Ecology and Environment, Inc. to Exit Domestic Laboratory Testing Business

Ecology and Environment, Inc. to Exit Domestic Laboratory Testing
Business 


BUFFALO, N.Y., Jan. 17  /PRNewswire-FirstCall/ -- In a special meeting of the
Board of Directors, the Board voted to exit the Company's domestic laboratory
operations, the Analytical Service Center (ASC) in Lancaster, New York.  The
Board, in taking this action, cited both deterioration in effective pricing and
a reduced emphasis by Federal agencies for analytical testing. The Department
of Defense has reduced its effort in the environmental field, by minimizing
expenditures that do not sustain National defense decisions.  It is estimated
that the resulting impairment of assets to be recognized in the Company's
second quarter will be in the range of $2 to $2.5 million.  The Company intends
to look for alternatives for the building either through sale or reuse.  The
disposition of the building and equipment will require further analysis to
determine the marketability.

As per the Board resolution E & E will seek an orderly phase out/transfer of
its existing work and will not bid on new work past January 17, 2005.

Ecology and Environment, Inc. is headquartered in Lancaster, New York, a suburb
of Buffalo.  Its common stock is listed on the American Stock Exchange under
the symbol EEI.  E & E can be located on the World Wide Web at
http://www.ene.com/. 

DATASOURCE: Ecology and Environment, Inc.



CONTACT:  Ronald Frank of Ecology and Environment, Inc., [phone]



Web site:  http://www.ene.com/ 

Copyright