Casella Waste Systems, Inc. Statement Regarding Maine Energy Recovery Company
August 28 2008 - 7:51AM
Marketwired
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 Maine
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.
For further information, investors should contact: Ned Coletta
Director of Investor Relations (802) 772-2239 Media should contact:
Joseph Fusco Vice President (802) 772-2247
http://www.casella.com.
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