RALEIGH, N.C., Aug. 11 /PRNewswire-FirstCall/ -- Waste Industries USA,
Inc. (Nasdaq: WWIN), a regional, non-hazardous solid waste services company,
announced today that it has completed an asset purchase and sale with Allied
Waste Industries.
Under the terms of the agreement, Waste Industries purchased Allied's
Norfolk Virginia and Clarkesville, Tennessee operations. Simultaneously,
Waste Industries sold to Allied its operations in Charlotte, North Carolina;
Sumter, South Carolina; Mobile, Alabama; and Biloxi, Mississippi. Customers
are being notified and should experience no interruption of service. The
effective date of the transaction was August 1, 2003. Further information
will be included in Waste Industries' Quarterly Report on Form 10-Q to be
filed with the SEC on or before Thursday, August 14, 2003.
Jim W. Perry, President and CEO of Waste Industries stated, "This
transaction significantly strengthens our position in two strategic markets
(the Norfolk, Virginia and the Nashville, Tennessee areas). We plan to
continue to look for similar opportunities to increase revenues and better
position our Company in desired markets."
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, Tennessee, Georgia, Mississippi, and
Florida. We currently operate 36 collection operations, 27 transfer stations,
approximately 90 county convenience drop-off centers, eight recycling
facilities and 11 landfills in the southeastern U.S.
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 "should," "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
integrating and managing acquired operations, identifying and completing
future acquisition targets, the development and operation of landfills,
availability of landfill space, difficulties in managing rapid growth, and
weather conditions, 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, +1-919-325-3000, for Waste
Industries USA, Inc.
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