RALEIGH, N.C., Nov. 17 /PRNewswire-FirstCall/ -- Waste Industries USA,
Inc. (Nasdaq: WWIN), a regional, non-hazardous solid waste services company,
today announced that its Board of Directors approved a dividend of $0.08 per
share payable on December 12, 2005 to shareholders of record at the close of
business on November 28, 2005.
The Company also announced that it has completed the closing of a series
of tuck-in acquisitions in Georgia, Virginia and Tennessee. The estimated
annual revenue from these transactions is approximately $2.0 million.
In Georgia, the Company acquired the operations of Southern Disposal,
Inc., which provides residential services in the western suburbs of Atlanta.
These services will tuck into the Company's Atlanta West operations that
recently relocated to a new facility in Douglasville, Georgia. The Company
also purchased several residential routes in Gwinnett County from Advanced
Disposal, LLC. These routes will tuck into the Company's existing Atlanta East
operation located in Lilburn, Georgia.
The Company acquired the southwest Virginia operations of Lusk Disposal,
Inc. This operation provides commercial and industrial services in several
southwestern counties of Virginia. This acquisition tucks into the Company's
existing Wytheville, Virginia operation.
In Tennessee, the Company acquired a portion of Icon Waste Haulers, Inc.,
which provides industrial solid waste collection services and tucks into the
Company's existing Nashville, Tennessee operations.
Jim W. Perry, President and Chief Executive Officer, stated, "We are
pleased to announce the dividend of $0.08 per share. The recent acquisitions
reflect our current focused and disciplined acquisition strategy. We've
continued to concentrate on tuck-in acquisitions that improve our route
density, leverage our asset base and internalize waste volumes into our
landfills."
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 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 "believes," "anticipates," "expects" 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,
fuel prices, economic trends, weather conditions and risks in 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.
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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