RALEIGH, N.C., May 26 /PRNewswire-FirstCall/ -- Waste Industries USA, Inc.
(Nasdaq: WWIN), a regional, non-hazardous solid waste services company, today
announced the election of James A. Walker as a new board member at its Annual
Shareholders Meeting. The new number of directors is six, with four seats
held by independent directors and two seats held by management. Incumbents re-
elected to the board were Lonnie C. Poole Jr., Jim W. Perry, Glenn E. Futrell,
Paul F. Hardiman, and James R. Talton, Jr.
James A. Walker is Chairman of the Advisory Group, LLC, which provides
consulting services on real estate investment sales and acquisitions, a
position he has held since 1997. From 1984 until 1997, he was the Chief
Executive Officer of North Hills, Inc., a $350 million diversified real estate
development company. From 1968 to 1984, he was with KPMG Peat Marwick, rising
to partner-in-charge of the private business practice in the Raleigh office.
Mr. Walker holds a B.S. in Business Administration from East Carolina
University. He completed the Harvard Business School Owner-President
Management Program in 1985.
Lonnie C. Poole, Jr., Chairman of Waste Industries USA, Inc. stated, "We
are pleased to welcome James Walker to our board. He brings extensive CPA and
CEO experience to the table and qualifies as a financial expert." Mr. Poole
continued, "At the meeting, management gave a presentation and discussed an
overview of the Company, our 2003 performance and operating practices. We are
proud of our accomplishments in the year ended December 31, 2003, in which we
recorded our 116th consecutive profitable quarter and had an increase in our
share price of 65% over the prior year."
In addition to the election of the board members, the Company's
shareholders voted to ratify the selection of Deloitte & Touche, LLP as
auditors for the year ending December 31, 2004. There were no other matters
addressed at the meeting.
Waste Industries USA, Inc. is a vertically integrated regional solid waste
services company that provides collection, transfer, disposal and recycling
services to over 500,000 commercial, industrial and residential customer
locations in the states of North Carolina, South Carolina, Virginia,
Tennessee, Mississippi, Georgia and Florida.
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 economic
trends, weather conditions, managing growth and the development and operation
of landfills 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
Company News On-Call:
http://www.prnewswire.com/comp/120685.html
CONTACT:
Carol Dalton of Waste Industries USA, Inc.,
+1-919-325-3000
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