NASDAQ: QRHC (Common Stock)

Your market is:
Volume: 11,286
Today's open: 1.59
Previous close: 1.63
August 7, 2020 02:35 PM Minimum 20 minute delay

Press Release Details

Quest Resource Adds Sixth Largest Auto Dealership Group to Its Portfolio of Clients

June 10, 2015

81 New Client Locations Added in 10 States

FRISCO, TX -- (Marketwired) -- 06/10/15 -- Quest Resource Holding Corporation (NASDAQ: QRHC) ("Quest"), announced today that Quest has added one of the nation's largest automotive dealership groups to its portfolio of clients.

Under the terms of the agreement that covers the group's 81 locations spread across 10 states, Quest will manage the recycling of used motor oil and other automotive waste streams including antifreeze, drummed waste, oil filters, and oily water. Quest will also manage the group's parts cleaner needs.

Quest's holistic service offering, from evaluation to implementation and measurement, has made it a key partner for Fortune 500 companies in their recycling efforts. In recent months, the list of Quest clients in the automotive industry has grown significantly. Quest currently manages sustainability solutions for two of the top-five commercial truck fleets and four of the top-10 automotive companies in the United States. In 2014 alone, Quest recycled 23 million gallons of used motor oil and 16 million used tires.

"With the addition of this new automotive group to our portfolio of clients, Quest now manages recycling efforts for four of the top 10 largest automotive dealership groups in the U.S., demonstrating our leadership efforts in this important industry," said Brian Dick, Quest CEO. "We are excited to assist this new client in diverting automotive waste from landfills as well as help them manage the disruption in the secondary marketplace for automotive by-products such as used motor oil. Our structure and efficiency enables us to capture market share while others are facing more significant pricing headwinds related to the downturn in the oil commodity pricing."

The partnership with Quest is timely, as the recycling automotive aftermarket has been impacted with the recent decline in crude oil prices. As a result, large automotive groups are turning to Quest to secure fair market value for the price of used motor oil.

"Increasing sustainability efforts while reducing costs are the key components of Quest," added Mr. Dick. "Finding solutions for our automotive service clients to continue recycling used motor oil shows our commitment to helping clients reduce waste and adhere to EPA regulations."

About Quest Resource Holding Corporation

Quest provides businesses with one-stop management programs to reuse, recycle, and dispose of a wide variety of waste streams and recyclables generated by their businesses and operates environmentally based social media and online data platforms that contain information and instructions necessary to empower consumers and consumer product companies to recycle or properly dispose of household products and materials. Quest's comprehensive reuse, recycling, and proper disposal management programs are designed to enable regional and national customers to have a single point of contact for managing a variety of waste streams and recyclables. Quest's directory of local recycling and proper disposal options empowers consumers directly and enables consumer product companies to empower their customers by giving them the guidance necessary for the proper recycling or disposal of a wide range of household products and materials, including the "why, where, and how" of recycling. Quest provides these programs through its subsidiaries, Quest Resource Management Group, LLC and Earth911, Inc.

Quest supports the efforts of companies to maximize profits and mitigate risks, while minimizing their ecological footprints. Quest's clients span numerous industry segments, including food services, hospitality, healthcare, manufacturing, construction, automotive aftermarket, and fleet industries. Quest provides clients with comprehensive sustainability programs, innovative recycling solutions, and environmental protection. Quest prides itself in delivering targeted solutions exclusively tailored to the needs of each respective client.

Investor Contact:

Rob Fink / Brett Maas
Hayden IR

Media Contact:
Vanessa L├ępice
Quest Resource Holding Corporation

Source: Quest Resource Holding Corporation

IR Contact

Three Part Advisors, LLC
Joe Noyons