Published:
Casella Waste Systems, Inc. Statement Regarding Maine Energy Recovery Company
Casella Waste Systems, Inc. (NASDAQ: CWST), a
regional solid waste, recycling and resource management services company,
today said that the company has been considering strategic options for its
aine Energy Recovery facility including a possible sale to Mattson
Development LLC, a local Maine real estate development company. No
agreements have yet been reached.
As part of the March 2007 waste handling agreement with the host community
of Biddeford, Maine, the company agreed to discuss mutually beneficial
options for the future of the facility with the community. Casella said it
was open to all potential transactions that would create value for its
stakeholders.
For further information, investors should contact Ned Coletta, director of
investor relations at (802) 772-2239; media should contact Joseph Fusco,
vice president at (802) 772-2247; the company's website is
http://www.casella.com.
Safe Harbor Statement
Certain matters discussed in this press release are "forward-looking
statements" intended to qualify for the safe harbors from liability
established by the Private Securities Litigation Reform Act of 1995. These
forward-looking statements can generally be identified as such by the
context of the statements, including words such as the company "believes,"
"expects," "anticipates," "plans," "may," "will," "would," "intends,"
"estimates" and other similar expressions, whether in the negative or
affirmative. These forward-looking statements are based on current
expectations, estimates, forecasts and projections about the industry and
markets in which we operate and management's beliefs and assumptions. We
cannot guarantee that we actually will achieve the plans, intentions or
expectations disclosed in the forward-looking statements made. Such
forward-looking statements, and all phases of our operations, involve a
number of risks and uncertainties, any one or more of which could cause
actual results to differ materially from those described in our
forward-looking statements. Such risks and uncertainties include the
possibility that the company will be unable to find a buyer for, or other
strategic alternative for, its Maine Energy facility at a price that is
beneficial to stockholders, if at all. There are a number of other
important risks and uncertainties that could cause our actual results to
differ materially from those indicated by such forward-looking statements.
These additional risks and uncertainties include, without limitation, those
detailed in Item 1A, "Risk Factors" in our Form 10-K for the year ended
April 30, 2008. We do not necessarily intend to update publicly any
forward-looking statements whether as a result of new information, future
events or otherwise, except as required by law.
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
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Tags: ,Environment:AirPollutionControl, Environment:HazardousMaterialsManagement, Environment:NaturalResourceManagement, Environment:Regulations and Law, Environment:WasteManagement, ,NASDAQ01,NASDAQ01,VT,RUTLAND, VT
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