News | April 24, 2014

Investigation On Behalf Of Advanced Emissions Solutions, Inc. Investors Announced By Law Offices Of Howard G. Smith

BENSALEM, PA.--(BUSINESS WIRE)--

Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Advanced Emissions Solutions, Inc. (“Advanced Emissions Solutions” or the “Company”) (NASDAQ:ADES). The investigation concerns possible violations of federal securities laws, and focuses on certain statements issued by the Company concerning its operations and financial performance.

Advanced Emissions Solutions, together with its subsidiaries, provides environmental technologies and specialty chemicals to the coal-burning electric power generation industry primarily in the United States. The investigation is related to the Company’s April 24, 2014, announcement that Advanced Emissions Solutions has concluded that it has a material weakness related to its internal controls for recognizing revenue for its systems and equipment contracts in the Emissions Control business segment (“EC Contracts”), and has identified significant deficiencies in its controls over financial reporting that may result in additional material weaknesses. According to the Company, Advanced Emissions Solutions should have applied the cost-to-cost methodology to measure progress on the EC Contracts, rather than labor hours. As a result, the Company disclosed that its financial statements for the quarters ended March 31, 2013, June 30, 2013, and September 30, 2013, should no longer be relied upon and should be restated.

If you purchased Advanced Emissions Solutions shares, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

Copyright Business Wire 2014

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