RALEIGH, N.C., Aug. 22 /PRNewswire-FirstCall/ -- Waste Industries USA,
Inc. (Nasdaq: WWIN), a regional, non-hazardous solid waste services company,
today announced the acquisition of Waste Watchers, LLC. Founded in 2000,
Waste Watchers provides commercial, industrial and residential waste
collection services to the greater Charleston, South Carolina market and will
be a tuck-in to our existing branch operations located in Summerville, South
Carolina. Based on Waste Watcher's historic performance, the acquisition is
expected to generate annual revenues of approximately $2.3 million.
Mr. Jim Perry, President and CEO of Waste Industries, stated, "This
acquisition is a continuation of Waste Industries' strategy to strengthen our
position in certain 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, Georgia, Tennessee, Mississippi, 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 managing growth,
economic trends, risks in the development and operation of landfills 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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CONTACT:
Carol Dalton of Waste Industries USA, Inc.,
+1-919-325-4000, ext. 3008
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