WasteMasters Expects 1999 Revenues to Exceed $500 Million
June 15, 1998 02:15 PM
DALLAS, June 15 /PRNewswire/ -- WasteMasters, Inc. WAST today announced that it expects 1999 revenues to exceed $500 million.
WasteMasters Chairman, President and CEO, R. Dale Sterritt, Jr., stated: "WasteMasters has consummated 14 acquisitions since February 18, 1998. That was only the beginning. I fully expect that, in the not too distant future, fleets of WasteMasters trucks and railroad cars will carry waste to a nationwide network of WasteMasters transfer stations, recycling centers and landfills. Our goal is for WasteMasters to be one of the three major waste companies in North America, with revenues in the billions."
WasteMasters, Inc. is an emerging growth company in the field of environmental services.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release which are not historical facts are "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, 1997. Quarterly Report on Form 10-QSB for the quarter ended March 31, 1998 and other filings with the U.S. Securities and Exchange Commission.
SOURCE WasteMasters, Inc.
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