Heres the latest I just found. I've heard of The Ridgefield Group. They do internal financial reorganization and obtain capital for small cap companies. I believe they're out of NY.
If Ridgefield is involved, WAST is really moving toward change. It's exciting actually. I recently became involved and I'm looking forward to seeing what movement the company and stock will make. Hopefully we'll be seeing more press releases pertaining to acquisitions and substantial infusions of capital.
Regards,
Roger
Company Press Release
SOURCE: WasteMasters, Inc.
WasteMasters, Inc. Retains the Ridgefield Group as Management Consultants
ATLANTA, March 5 /PRNewswire/ -- WasteMasters, Inc. (Nasdaq: WAST - news) today announced that it has retained the Ridgefield Group as its management consultant.
The Ridgefield Group will assist WasteMasters in defining and implementing the company's strategic operating and financial objectives as it continues to reorganize its business units. By focusing on building its balance sheet and financial condition, Ridgefield will be instrumental in positioning the company for future internal growth and acquisitions.
Ridgefield has a reputation as one of the nation's premier business turnaround specialist groups and will provide interim executive management assistance to rebuild the business, improve operating efficiency and restructure much of the current debt obligations. The company expects to meet its established restructuring goals and develop a stronger working model resulting in the restoration of corporate value.
Chairman and CEO Leon Blaser, Ph.D. stated ''We believe the Ridgefield Group represents the hands on turnaround expertise the company needs at this time. Their demonstrated experience in debt restructuring, lender negotiations and workouts is exceptional.''
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. Numerous factors, many of which are beyond Waste Masters' 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 10KSB and other filings with the U.S. Securities and Exchange Commission.
SOURCE: WasteMasters, Inc. |
