Casella Waste Systems, Inc. Announces That the State of Vermont Has Increased the Annual Permit Limit of Its Coventry Vermont...
November 20 2013 - 4:49PM
Casella Waste Systems, Inc. (Nasdaq:CWST), a regional solid waste,
recycling and resource management services company, announced that
the Vermont Agency of Natural Resources has increased the maximum
annual permit limit at its Coventry, VT landfill from 370,000 tons
per year to 600,000 tons per year, and increased the maximum daily
waste acceptance rate from 2,500 tons per day to 5,000 tons per
day.
"We are very excited to receive this important annual permit
increase at our Coventry landfill," said John W. Casella, chairman
and chief executive officer of Casella Waste Systems, Inc. "Our
Coventry landfill has helped to serve the solid waste disposal
needs for Vermonters over the past 20 years, and with this latest
expansion, we are well positioned to continue to meet these needs
into the future."
"In addition to the Coventry landfill, we continue to develop
and invest in industry leading resource management solutions in
Vermont, including Zero-Sort® recycling and emerging solutions for
organic waste, electronic waste, renewable energy, and industrial
recycling," Casella said.
The State of Vermont issued the final permit on November 19,
2013.
About Casella Waste Systems, Inc.
Casella Waste Systems, Inc., headquartered in Rutland, Vermont,
provides solid waste management services consisting of collection,
transfer, disposal, and recycling services in the northeastern
United States. For further information, investors should
contact Ned Coletta, chief financial officer at (802) 772-2239, and
media should contact Joseph Fusco, vice president at (802)
772-2247, or visit the company's website at
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 "believe," "expect," "anticipate," "plan,"
"may," "will," "would," "intend," "estimate," "guidance" 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, expectations or guidance 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 or relate to,
among other things: the failure to source additional waste at an
appropriate price to utilize the higher annual capacity permit, any
one or more of which could cause actual results to differ
materially from those described in our forward-looking
statements. 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, 2013.
We undertake no obligation to update publicly any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by law.
CONTACT: Investors:
Ned Coletta
Chief Financial Officer
(802) 772-2239
Media:
Joseph Fusco
Vice President
(802) 772-2247
http://www.casella.com
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