RALEIGH, N.C., April 4 /PRNewswire-FirstCall/ -- Waste Industries USA,
Inc. (Nasdaq: WWIN), a regional, non-hazardous solid waste services
company, today announced the sale of its Old Kings Road landfill in
Jacksonville, Florida, to Advanced Disposal, also of Jacksonville. The Old
Kings Road landfill is a stand alone construction and demolition landfill
that is not supported by a company hauling operation. With this sale, the
Company no longer has operations in Florida.
Jim W. Perry, President and Chief Executive Officer, stated, "We will
redeploy capital from the sale of our Old Kings Road landfill toward assets
that meet our strategic objectives which include increasing waste
internalization into our landfills. We were unable to meet this objective
at our Old Kings Road site."
Waste Industries USA, Inc. is a vertically integrated solid waste
services company that provides collection, transfer, disposal and recycling
services to commercial, industrial and residential customer locations in
the states of North Carolina, South Carolina, Virginia, Georgia, Tennessee
and Mississippi.
This press release contains "forward-looking statements" under the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements can generally be identified as such because the statement will
include words such as the Company "expects," "believes," "anticipates" or
words of similar import. Similarly, statements that describe the Company's
future plans, objectives or goals are also forward-looking statements.
Forward-looking statements are subject to risks and uncertainties, such as
risks in the development and operation of landfills, managing growth,
increases in fuel prices, weather conditions and economic trends that could
cause actual results to differ materially from those currently anticipated.
Consider these factors carefully in evaluating the forward-looking
statements. Additional information concerning factors that could cause
actual results to differ materially from those in the forward-looking
statements is contained from time to time in the Company's SEC filings. The
forward-looking statements made herein are only made as of the date of this
press release and the Company undertakes no obligation to publicly update
such forward-looking statements.
SOURCE Waste Industries USA, Inc.
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Related links:
http://www.waste-ind.com/
http://www.prnewswire.com/comp/120685.html /
CONTACT:
Carol Dalton of Waste Industries USA, Inc.,
+1-919-325-3000
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