1048685--3/15/2006--METALICO_INC

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{gas, price, oil}
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The metals recycling industry is highly cyclical Prices of commodities we own may be volatile. We depend on third-party carriers for a significant portion of our outbound product distribution. Our operations are subject to stringent regulations, particularly under applicable environmental laws. There has been a limited established public trading market for our common stock, and we cannot guarantee that our stock price will not decline after the effective date of this report.

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