Expected to Generate $25 Million Revenue over 5 Years
MILTON, GA / ACCESSWIRE / March 30, 2017 / Meridian Waste Solutions, Inc. (NASDAQ: MRDN) ("Meridian Waste" or the "Company"), a vertically integrated, non-hazardous solid waste services company, will begin providing garbage and recycling service in St. Louis County, MO., Districts 4 and 6, to 22,000 homes on Monday. The value of the combined contracts is expected to be in excess of $25 million over the five-year term.
Services include once-a-week trash, once-a-week recycling, once-per-month bulk waste, and three yard waste collections per year. All trash and recycling must be placed in the Meridian Waste provided cart(s) or the previously provided St. Louis County recycling cart marked accordingly and placed at the curb no later than 6 a.m. on collection day.
St. Louis County has elected to implement automated collection in all districts. Automated collection offers the highest level of productivity and safety. The automated arms on the trucks are compatible with the Meridian Waste carts and not with containers provided by homeowners. Therefore, all trash must be placed in the cart provided by Meridian Waste and all recycling should be placed in the previously provided St. Louis County recycling cart or, if missing or in disrepair, the replacement recycling cart provided by Meridian Waste.
"We look forward to providing St. Louis County residents with quality environmental service they can count on every week," said Chuck Barcom, area Vice President for Meridian Waste. "We are committed to keeping the community clean and a place our neighbors are proud to call home."
Meridian Waste will service unincorporated St. Louis County District 4 and District 6 only. If residents are unsure whether Meridian Waste services their area, they can look up their address using the address lookup on the Meridian Waste website at http://lookup.MWSinc.com.
Service guidelines, holiday schedule, maps, FAQs, online bill pay sign up, and more can all be found on the St. Louis County webpage at www.mwsinc.com/StLouisCounty.
Customers needing assistance, an additional cart or to exchange for a different size cart, are welcome to call the local Meridian Waste office at (314) 291-3131 or email Rknott@mwsinc.com.
Meridian Waste Services automated side load collection truck will begin servicing the residents of St. Louis County beginning on April 3.
About Meridian Waste Solutions, Inc.:
Meridian Waste Solutions, Inc. (NASDAQ: MRDN) is a company defined by our commitment to servicing our customers with unwavering respect, fairness and care. We are focused on finding and implementing solutions to solid waste needs and challenges within the industry and for our customers. Meridian Waste's core business is centered on residential and commercial waste collection and disposal but it also includes a fundamental objective to seek rewarding environmental solutions through innovation. Currently, the company operates in St. Louis, Missouri and Richmond, Virginia servicing over 118,500 residential, commercial, industrial and governmental customers. In addition to a fleet of commercial, residential and roll off trucks, the Company operates four transfer stations, one recycling facility and three municipal solid waste landfills.
For more information, visit www.MWSinc.com.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve certain risks and uncertainties. The actual results or outcomes of Meridian Waste Solutions, Inc. may differ materially from those anticipated. Although Meridian Waste Solutions, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any such assumptions could prove to be inaccurate. Therefore, Meridian Waste Solutions, Inc. can provide no assurance that any of the forward-looking statements contained in this press release will prove to be accurate.
In light of the significant uncertainties and risks inherent in the forward-looking statements included in this press release, such information should not be regarded as a representation by Meridian Waste Solutions, Inc. that its objectives or plans will be achieved. Included in these uncertainties and risks are, among other things, fluctuations in operating results, general economic conditions, uncertainty regarding the results of certain legal proceedings and competition. Forward-looking statements consist of statements other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as "may," "intend," "expect," "will," "anticipate," "estimate" or "continue" or the negatives thereof or other variations thereon or comparable terminology. Because they are forward-looking, such statements should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Meridian Waste Solutions, Inc.'s most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled "Risk Factors." Meridian Waste Solutions, Inc. does not undertake an obligation to update publicly any of its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Meridian Waste Solutions, Inc.
Released March 30, 2017