Casella Waste Systems, Inc. Announces Permit Expansion at Hakes Landfill
RUTLAND, VT, Oct 01, 2007 (MARKET WIRE via COMTEX News Network) -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional, non-hazardous solid waste and recycling services company, said today that it received a modification to the Company's existing permit for the operation of its Hakes construction and demolition (C&D) landfill in Campbell, New York. The permit modification increases the annual permit to 457,164 tons per year from 306,000 tons per year effective September 11, 2007.
"We are pleased with the successful effort to expand the annual capacity at Hakes, thereby adding value to this investment," said John W. Casella, chairman and chief executive officer of Casella Waste Systems.
For further information, contact Richard Norris, chief financial officer or Ned Coletta, director of investor relations at (802) 775-0325, 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 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. There are a number of important risks and uncertainties that could cause our actual results to differ materially from those indicated by such forward-looking statements. These risks and uncertainties include, without limitation, the risk that political, operational and other factors may impact our operating permits and future expansion plans at our facilities, and those additional risks detailed in Item 1A, "Risk Factors" in our Form 10-K for the year ended April 30, 2007.
For further information, contact: Richard Norris Chief Financial Officer Ned Coletta Director of Investor Relations (802) 775-0325 http://www.casella.com
SOURCE: Casella Waste Systems, Inc.
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