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Gold/Mining/Energy : Consolidated Envirowaste-CWD.V
CWD 1.380+10.4%3:59 PM EST

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To: D.W. who wrote (33)3/3/1999 1:05:00 PM
From: D.W.   of 34
 
Consolidated Envirowaste Acquires CCI of Sarasota Inc.

ABBOTSFORD, BRITISH COLUMBIA--The Company is pleased to announce
it has acquired CCI of Sarasota Inc., a wood waste recycler, for
consideration consisting of cash and the payment to the vendor in
the three years following closing of a minimum annual royalty.
Management expects that the acquisition, which fits well into the
Company's on-going growth plan, will have an immediate positive
impact on net profit.

In other news, the Company has borrowed from a shareholder for
short-term working capital purposes the sum of $200,000.

Finally, the Company is pleased to announce the opening of a
retail outlet for its products at its Abbotsford, British Columbia
facility.

Consolidated Envirowaste Industries Inc.

Per: Douglas R. Halward, President
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