RUTLAND, Vt., Nov. 20, 2013 (GLOBE NEWSWIRE) -- 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.comSource:Casella Waste Systems, Inc.