U S Liquids Inc. Announces Completion of Sales of Operating Assets

U S Liquids Inc. Announces Completion of Sales of Operating
Assets 


HOUSTON, April 1  /PRNewswire-FirstCall/ -- U S Liquids Inc. (OTC Pink Sheets:
USLQ) announced the completion of the sales of substantially all of the assets
of USL Environmental Services, Inc. d/b/a A&A Environmental of Baltimore, MD and
U S Liquids of Pennsylvania, Inc. d/b/a EMAX of Pittsburgh, PA to Perma-Fix
Environmental Services, Inc.  In addition, the Company has completed the sale of
the stock of its Canadian subsidiary.  As a result, the Company has sold all
operating assets and deregistered its common stock.

This document contains forward-looking statements that are subject to certain
risks, uncertainties and assumptions.  Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those anticipated, estimated or
projected.  Key factors that could cause actual results to differ materially
from expectations include, but are not limited to:  (1) the Company's inability
to further extend its credit facility; (2) uncertainties caused by the Company's
failure to comply with the terms of its credit facility; (3) the impact that our
financial condition may have on its customers, suppliers and employees; (4) the
Company's general lack of liquidity; (5) the outcome of litigation and
administrative proceedings pending against the Company; (6) obtaining or
maintaining governmental permits and approvals required for the operation of the
Company's facilities; (7) changes in the laws and regulations governing the
Company's operations; (8) the failure to comply with laws and regulations
governing the Company's operations; and (9) the insufficiency of the Company's
insurance coverage or the impact of the insolvency of Reliance Insurance
Company.  These and other risks and assumptions are described in the Company's
reports that are available from the United States Securities and Exchange
Commission. 

DATASOURCE: U S Liquids Inc.



CONTACT:  William DeArman, Chief Executive Officer of U S Liquids Inc.,

[phone], or  



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

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