USA Recycling Industries, Inc. (OTCPK: USRI) signed a letter of intent to acquire 51% interest in the scrap tire-rubber & used auto battery export business of Continental Waste Management, LLC on April 13, 2011. The agreement details a closing date no later than 20 days from the date of the Letter of Intent. USA Recycling Industries, Inc. (OTCPK:USRI) cancelled the acquisition of 51% interest in the scrap tire-rubber & used auto battery export business of Continental Waste Management, LLC on April 13, 2012.