SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date
of
Report (Date of earliest event reported) February
7, 2008
PERMA-FIX
ENVIRONMENTAL SERVICES, INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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1-11596
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58-1954497
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(State
or other
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(Commission
File
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(IRS
Employer
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jurisdiction
of
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Number)
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Identification
No.)
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incorporation)
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8302
Dunwoody Place, Suite 250, Atlanta,
Georgia
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30350
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(Address
of principal executive
offices)
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(Zip
Code)
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Registrant's
telephone number, including area code (770)
587-9898
Not
applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see
General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section
8
- Other
Events
Item
8.01
- Other
Events
As
previously disclosed, on September 10, 2007, we entered into two separate
letters of intent (“LOIs”) to sell a major portion of our Industrial Segment to
Triumvirate Environmental, Inc. (“TEI”) (“Purchaser”). One of the LOIs addressed
the sale of assets of Perma-Fix of Maryland, Inc., Perma-Fix of Fort Lauderdale,
Inc., and Perma-Fix of Orlando, Inc., and the second LOI related to the sale
of
the assets of Perma-Fix of South Georgia, Inc.
As
previously disclosed, we completed the sale of the Perma-Fix of Maryland, Inc.
facility to TEI on January 8, 2008 for $3.825 million in an all cash
transaction, subject to certain working capital adjustments during the first
half of 2008.
Pursuant
to an amendment to the LOI with TEI, the exclusivity period for the LOI covering
the sale of Perma-Fix of Fort Lauderdale, Inc. and Perma-Fix of Orlando, Inc.
was extended to February 7, 2008. On February 7, 2008 the LOI exclusivity period
with TEI relating to Perma-Fix of Ft. Lauderdale and Perma-Fix of Orlando
expired. We are currently in discussions with other prospective buyers regarding
the sale of both companies.
In
addition, the LOI exclusivity period with TEI relating to Perma-Fix of South
Georgia, Inc. has expired. We have received interest from another party for
the
purchase of Perma-Fix of South Georgia and are negotiating a definitive
agreement in connection with the sale of Perma-Fix of South
Georgia.
As
previously announced we continue to focus on the divestiture of all or a part
of
our Industrial Segment.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company has
duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
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PERMA-FIX
ENVIRONMENTAL SERVICES, INC.
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Dated:
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February
13, 2008
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By:
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/s/
Steven Baughman
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Steven
Baughman
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Vice
President and
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Chief
Financial Officer
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