WAST more, LOL and no that Bishop is no relation :-))
Bishop Rosen, NASD Member Firm, Makes Market in
WasteMasters Stock
EL RENO, Okla., Dec. 20 /PRNewswire/ -- WasteMasters, Inc. (OTC Bulletin Board: WAST - news; ''WAST'')
announced today that Bishop Rosen continues to make a market in the Company's stock.
Douglas Holsted, President of the Company, stated, ''Bishop Rosen, a New York City based NASD member firm, filed a
l5c211 as part of the Company's re- listing on the OTC BB and our subsequent symbol change. Historically, WasteMasters
attracted over fifteen market makers and until recently had 8 or 9 regular market makers in our stock. We anticipate that more
than a few very reputable and active market makers will return to the stock in the near future. Going on the BB is important to
provide liquidity and marketability for the Company's shares. We are pleased that Bishop Rosen is market maker for the
Company.''
Leon Blaser, Chairman of WasteMasters stated, ''Bishop Rosen filed a 15c211 and, as such, immediately became a market
maker in the Company's stock. Other market makers may file their own 15c211's or they can piggyback on Bishop Rosen's
l5c211 after thirty days. We expect other market makers to follow in the coming weeks.''
David Fuselier, of The Ridgefield Group, the Company's turn-around consultants stated, ''Morgan Stanley Dean Witter's
coverage of WAST (www.quicken.com/investments/discuss/?symbol=wast) and its Target Price forecast of $.40 and $.56 in
recent weeks is evidence of the market's confidence in management's ability to implement its plans. We expect Bishop Rosen
and the Company's other market makers to be encouraged by management's aggressive plans and these forecasts.''
For further information call Douglas Holsted at 405-262-0800.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news
release which are not historical facts may be ''forward-looking statements'' that involve risks and uncertainties which could
cause actual results to differ materially from those currently anticipated. For example, statements that describe WasteMasters'
hopes, plans, objectives, goals, intentions, or expectations are forward- looking statements. The forward-looking statements
made herein are only made as of the date of this news release. Numerous factors, many of which are beyond WasteMasters'
control, will affect actual results. WasteMasters undertakes no obligation to publicly update such forward-looking statements to
reflect subsequent events or circumstances. This news release should be read in conjunction with WasteMasters' annual report
on Form 10-KSB for the fiscal year ended December 31, 1998 and other filings with the U.S. Securities and Exchange
Commission by WasteMasters.
SOURCE: WasteMasters, Inc. |
