Casella Waste Systems, Inc. is Awarded $7.0 Million Grant From State of Pennsylvania to Build Rail Transfer Facility at Its McKean County Landfill
The grant, awarded by the
"This is great news on several fronts,"
"Second, it is an economic win for
The grant provides for 70 percent of the total costs of the project, the company said. Casella will invest about
"We're grateful for the strong support we received from
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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 we "believe," "expect," "anticipate," "plan," "may," "will," "would," "intend," "estimate" 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 disposition and 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 or relate to, among other things: we may be unable to access all of the grant money or the development of the rail siding and transfer infrastructure might require us to invest more than anticipated; we may be unable to increase the landfill volumes at appropriate pricing to fully utilize this new infrastructure; or other factors beyond the company's control. 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
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.
Ned ColettaChief Financial Officer (802) 772-2239 Joe FuscoVice President (802) 772-2247 http://www.casella.com
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