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| 8-K - CURRENT REPORT - Attis Industries Inc. | mrdn_8k.htm |
Exhibit 99.1
For immediate release:
Meridian Waste Solutions Awarded Contracts with
St. Louis County Districts 4 and 6
Adds 20,300+ Residential Customers
Expected to Begin April 2017
St. Louis, MO (Accesswire) – January 3, 2017: Meridian
Waste Solutions, Inc. (OTCQB: MRDN) (“Meridian Waste”
or the “Company”), a vertically integrated,
non-hazardous solid waste services company, is pleased to announce
that it has been awarded contracts for residential solid waste
collection for Districts Four and Six by the County Council of St.
Louis County, Missouri by unanimous vote at a meeting held on
December 20, 2016. These two contract awards expand Meridian
Waste’s hometown St. Louis marketplace footprint by adding
approximately twenty thousand three hundred (20,300+) residential
customers to the Company’s existing customer roster of over
sixty-five thousand (65,000+) residential and commercial customers.
The value of the combined contracts is expected to be in excess of
$25 million over the five year term. The Company will begin
collection services in Districts Four and Six on April 3, 2017,
utilizing the Company’s new 2017 collection
vehicles.
St.
Louis County issued a competitive bid document to prospective
service providers in August 2016 and Meridian Waste was determined
to be the most responsible and lowest cost bidder for Districts
Four and Six. The collection services include weekly curbside
collection of household garbage utilizing a hauler-provided 90 or
64 gallon cart, weekly curbside collection of recyclables utilizing
the previously County-provided 35 or 64 gallon cart, monthly
curbside collection of bulky waste and seasonal curbside collection
of residential yard waste in April, July and October annually.
Optional services such as weekly yard waste, excess basic service,
excess bulky waste, excess household garbage volumes, excess yard
waste volumes, major appliance, Christmas tree and minor
renovation/emergency debris collection services are also available
to residential customers for additional published fees. Meridian
Waste will share basic service guideline information as well as
optional service guidelines and fees upon distribution of the new
residential carts in Spring 2017.
“Receiving
the contract award recommendation from staff and the official vote
from the St. Louis County Council is a significant and meaningful
statement of confidence in Meridian Waste’s team members and
our ability to perform quality collection services for the citizens
of the County,” stated Jeff Cosman, CEO of Meridian Waste.
“We are already preparing for this transition with a
multi-million dollar order of new collection vehicles and a hiring
campaign to attract and employ the best drivers and mechanics. It
is Meridian Waste’s goal to provide our customers with the
highest quality solid waste services and deliver a smooth
transition come April 2017.”
About Meridian Waste
Solutions, Inc.:
Meridian
Waste Solutions, Inc. (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. Currently, the company operates in St. Louis, Missouri
and services over 65,000 residential, commercial, industrial and
governmental customers. In addition to a fleet of commercial,
residential and roll off trucks, the Company operates three
transfer stations and one municipal solid waste
landfill.
For
more information, visit www.MWSinc.com.
Forward-Looking Statements
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.
Investors:
Hayden
IR
ir@meridianwastesolutions.com
(917)
658-7878