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' PAINE <br /> WEBBER <br /> JACKSON <br /> & CURTIS <br /> INCORPORATED <br /> Established 1579 Members New York Stock Exchange,Inc.and other Principal Exchanges <br /> 100 Federal Street, Boston, Massachusetts 02101 (617) 423-8000 <br /> July 12, 1972 <br /> City Council <br /> City of Santa Ana <br /> Santa Ana, California <br /> Re: Great Western Reclamation, Inc. - SCA Services, Inc. <br /> Gentlemen: <br /> It is our understanding that the City Council of Santa Ana is considering the <br /> approval of a proposal by Great Western Reclamation, Inc. whereby it will <br /> become a wholly owned subsidiary of SCA Services, Inc. <br /> Paine, Webber, Jackson & Curtis Incorporated has been the investment <br /> banker for SCA. Services, Inc. for more than a year and a half and was the <br /> managing underwriter of SCA's initial public offering on October 5, 1971. <br /> During this period Paine, Webber, Jackson & Curtis Incorporated has had <br /> extensive exposure and dealings with the management of SCA and found them <br /> to be of the highest caliber and integrity. SCA Services, Inc. , which for <br /> the fiscal year ended March 31, 1972 had gross revenues in excess of $50 <br /> million, currently conducts operations in a large number of metropolitan <br /> areas across the country. In our opinion, the company is conservatively <br /> capitalized and during the period we have been associated with it has <br /> demonstrated financial responsibility. <br /> Sincerely yours, <br /> PAINE, WEBBER, JACKSON & CURTIS <br /> INCORPORATED <br /> t .a <br /> By <br /> JAI/hit J. Atwood Ives, Vice President <br /> � �g <br />