GZA GeoEnvironmental stockholders to take the company private

GZA GeoEnvironmental Technologies, Inc. (Nasdaq: GZEA) stockholders voted today to approve its previously announced plan to take the company private.

NORWOOD, Mass., Dec. 21, 2000 (PRNewswire) — GZA GeoEnvironmental Technologies, Inc. (Nasdaq: GZEA) stockholders voted today to approve its previously announced plan to take the company private.

The transaction is being accomplished through a merger with Futureco Environmental, Inc., a privately- held company organized by certain members of GZA's senior management.

Futureco is acquiring the outstanding shares of GZA common stock not already affiliated with Futureco at a price of $6.40 per share. The Company expects to complete the transaction and file the Certificate of Merger in accordance with relevant provisions of Delaware law before December 31, 2000. After the merger is completed, GZA will continue to operate as the surviving corporation.

GZA GeoEnvironmental Technologies, Inc. is a multidisciplinary firm providing comprehensive services including environmental consulting, geotechnical engineering, remediation, and construction phase support services to industrial, commercial, financial and government clients. For more information, visit GZA on line at www.gza.net.

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