ATLANTA, March 23 /PRNewswire/ -- WasteMasters, Inc. (Nasdaq: WAST) today
announced that on March 19, 1999, the Texas bankruptcy court held a hearing on
the motion of WasteMasters, Inc. to dismiss the involuntary bankruptcy
proceeding filed against the company on Feb. 10, 1999. The bankruptcy court
will issue a report and recommendation to the federal district court that the
bankruptcy proceeding should be dismissed by the district court. The company
believes the district court will follow the report and recommendation and
dismiss the bankruptcy.
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 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 10KSB and other filings with the U.S.
Securities and Exchange Commission.
SOURCE WasteMasters, Inc.
-0- 03/23/99
/CONTACT: Michael Smith of WasteMasters, Inc., 404-888-0158/
(WAST) |
