Drs Inc. announced that on February 10, 2012, the Board of Directors, unanimously determined to cease all operations and shut down the company because it is not feasible for the company to pursue its plan to re-enter the drywall recycling business. The decision was based in part on the state of the housing market in the northwest and the amount of drywall scrap available, the overall economy and economic outlook, the lack of capital to build and sustain operations, and the termination of the lease with the Port of Ridgefield for the company facility. The facility leased from the Port of Ridgefield is scheduled to be demolished in early 2012 as part of an environmental reclamation project and the lease will be terminated effective March 1, 2012. As a result, the company will not have any operations, has no immediate plans to create any operations and will be shut-down.