PACIFIC SOUND RESOURCES, INC. (PSR) FORMERLY WYCKOFF CO. TWO PUGET SOUND WOOD TREATING FACILITIES WILL PERMANENTLY CLOSE. ALL PSR ASSETS WILL BE LIQUIDATED, INCLUDING SITES, BY PSR ENVIRONMENTAL TRUST AND ALL PROCEEDS FROM LIQUIDATION TO GOVERNMENT IN EXCHANGE FOR COVENANTS NOT TO SUE TO PSR PRINCIPALS (SCHAREHOLDERS, CEO). SHAREHOLDERS INHERITED SHARES IN 1990, CONSIDERED RENUNCIATION, AND MADE SETTLEMENT OFFER TO EPA ESSENTIALLY KEEPING RENUNCIATION OPTION OPEN. THERE IS NO EVIDENCE OF INDIVIDUAL LIABILITY OF COVENANTEES.