Waste Systems International, Inc. Expands Into Western/Central Massachusetts
LEXINGTON, Mass.–(BUSINESS WIRE)–Sept. 23, 1998–Waste Systems International, Inc. (NASDAQ:WSII), a fully integrated non-hazardous solid waste management company, announced today that it has entered the Western/Central Massachusetts markets through the acquisition of a collection company and transfer station. The combined operations will initially have annualized revenues of approximately $5 million. The Company anticipates integrating these operations with its South Hadley, Massachusetts landfill, which is expected to open during the first half of 1999.
“We are delighted to be adding Western/Central Massachusetts to our existing operations as we strive to build a premier regional fully integrated solid waste management company, primarily focusing on secondary markets,” commented Philip Strauss, WSI’s Chairman and Chief Executive Officer. “The Company has also identified additional acquisitions in the Western/Central Massachusetts markets and expects to close on those opportunities in the near future,” Strauss added.
WSI is an innovative solid waste management company. The Company operates fully integrated solid waste management operations in Central Pennsylvania and Vermont, and is building a fully integrated solid waste management operation in Western/Central Massachusetts and upstate New York. The Company is also evaluating other acquisitions and opportunities primarily in Mid-Atlantic and Northeastern markets.Certain matters discussed in this press release, including statements with regard to acquisition and growth plans, and prospects, are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently uncertain and subject to risks. Such statements should be viewed with caution. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the Company’s ability to manage growth, a history of losses, the ability to identify, acquire and integrate acquisition targets, dependence on management, the uncertain ability to finance the Company’s growth, limitations on landfill permitting and expansion, geographic concentration, and the other risk factors detailed from time to time in the Company’s periodic reports and registration statements filed with the Securities and Exchange Commission. The Company makes no commitment to disclose any revisions to forward-looking statements, or any facts, events or circumstances after the date hereof that may bear upon forward-looking statements.