OAKVILLE, ONTARIO -- (Marketwire) -- 04/06/11 -- Bennett Environmental Inc. (TSX: BEV) (the 'Company' or 'BEI') today noted that in its press release of April 5, 2011 Second City Capital Partners I, Limited Partnership ('Second City') made irresponsible allegations regarding a recently implemented arrangement to assist in the exercise of stock options. The company notes that the arrangement was announced in a Company press release dated March 28, 2011 and more fully described in the Management Discussion & Analysis ('MD&A') issued the same date. Both the press release and the MD&A had been approved by all BEI directors, including Second City's nominees to the Board of Directors.
Prior to the implementation the arrangement was reviewed by the Company's counsel, counsel to the investment dealer and had been reviewed by the TSX. To date approximately 795,000 shares have been bought and sold through the arrangement without recourse or gain to the Company. The Company's only cost to date has been a flat fee paid to administer the arrangement.
Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. The use of any of the words 'anticipate', 'continue', 'estimate', 'expect', 'may', 'will', 'project', 'should', 'believe', 'confident', 'plan' and 'intends' and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. BEI believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release should not be unduly relied upon. These statements speak only as of the date of this press release. BEI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About Bennett Environmental Inc.
Bennett Environmental Inc. is a North American leader in high temperature treatment services for the treatment of contaminated soil and has provided thermal solutions to contamination problems throughout Canada and the U.S. Bennett Environmental's technology provides for the safe, economical and permanent solution to contaminated soil. Independent testing has consistently proven that the technology operates well within the most stringent criteria in North America. For information, please visit the Bennett Environmental website at: www.bennettenv.com.
Bennett Environmental Inc.