Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : WSII - Waste Systems International -- Ignore unavailable to you. Want to Upgrade?

To: DCBEN who wrote (23)	1/4/1999 11:36:00 AM
From: Zoro	Read Replies (1) \| Respond to of 43

Monday January 4, 11:09 am Eastern Time Company Press Release Waste Systems International, Inc. Awarded Privatization of Newport, New Hampshire Landfill LEXINGTON, Mass.--(BUSINESS WIRE)--Jan. 4, 1999--Waste Systems International, Inc. (NASDAQ:WSII - news), an integrated non-hazardous solid waste management company, today reported that it was selected through a public bid process as the exclusive company to develop a strategic plan for the Privatization of the existing 80-acre Newport, New Hampshire landfill from the New Hampshire-Vermont Solid Waste Project, which serves 29 communities in southeastern Vermont and southwestern New Hampshire. The facility is strategically located between the Company's existing Moretown, Vermont landfill and the South Hadley, Massachusetts landfill, which is expected to open in 1999. Upon successful completion, the addition of the Newport, New Hampshire facility will dramatically enhance the disposal asset base the Company has in this geographical region in which to leverage the acquisition of collection and transfer station operations. Commenting on the Newport facility, Philip Strauss, Chairman and Chief Executive Officer said, ''We are very excited about this opportunity. This facility will open up new markets to the Company and fits well into our strategy of first acquiring long term disposal capacity followed by acquiring collection companies and transfer stations to secure long-term waste flow.'' ''WSI is now clearly the leading privatizer of solid waste assets in the secondary and rural markets in the Northeast and Mid-Atlantic markets having already privatized two landfills, the Bedford, Fulton, Huntingdon Tri-County municipal landfill in Hopewell, Pennsylvania and the South Hadley municipal landfill in South Hadley, Massachusetts, and Vermont's largest transfer station located in Burlington, Vermont, previously operated by the Chittenden Solid Waste District. The Company continues to pursue additional privatizations throughout the Northeast and Mid-Atlantic markets,'' Strauss added. The Company's acquisition of the landfill is subject to final negotiation and execution of a Definitive Agreement, final vote of the twenty-nine member committees of the Project and the transfer of the landfill's permit to the Company. WSI is an innovative solid waste management company. The Company currently has operations in Vermont, Central Pennsylvania, Central Massachusetts and Central New York which serve over 52,000 commercial, industrial and residential customers. The Company is also evaluating other acquisitions and opportunities primarily in Northeast and Mid-Atlantic markets.