To: Michael Hardin who wrote (64267 ) 3/25/1999 3:38:00 PM From: InAndOut Respond to of 119973
Here is the news for WAST....better get in before close for big gap up tomorrow... NEWS is out on the dismissal about WASTEMASTERS INVOLUNTARY BANKRUPTCY DISMISSED WASTEMASTERS INVOLUNTARY BANKRUPTCY DISMISSED ATLANTA, March 25 /PRNewswire/ -- WasteMasters, Inc. (Nasdaq: WAST), today announced that Chief Judge Jerry Buchmeyer of the United States District Court for the Northern District of Texas, dismissed the involuntary bankruptcy proceeding filed against the Company on Feb. 10, 1999. The Company's Counsel is pleased with the expedited order for dismissal and looks to announce the settlement of other unrelated lawsuits against the Company shortly. 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 Sept. 30, 1998 and other filings with the U.S. Securities and Exchange Commission. SOURCE WasteMasters, Inc. -0- 03/25/99 /CONTACT: Doug Holstead of WasteMasters, Inc., 770-399-3111/