Weekly News Bulletin: Apr. 27-May 3, 2004


Startech Offers Financing Plans For Plasma Converters

Startech Environmental Corporation (OTC Bulletin Board: STHK) has announced new financing plans for its Plasma Converter that allow customers to obtain the converters without a down payment. The new program also offers fixed and uniform equal monthly payments over 12 years, with a single balloon payment in the final month. Under the program, the first payment begins two months after the system has been installed and begun processing. The Plasma Converter destroys both inorganic and organic hazardous and nonhazardous waste, industrial byproducts, solids, liquids, and gases...Read More »



Micro Bio-Medical Acquires Haverhill Technologies

Micro Bio-Medical Waste Systems Inc. (OTCBB: MBWS) has entered into a Memorandum of Understanding to acquire Haverhill Technologies Group Inc., which designs, builds, and installs vacuum furnace equipment. Haverhill has representation in more than 20 companies, with approximately $13 million in assets and $3 million in annual gross revenue. The transaction is expected to close on or before May 30, 2004, with a purchase price of $14 million...Read More »



EMS Wins $8.5M In New Contracts

Environmental Management Solutions Inc. (TSX: EMS) has won over $8.5 million in new contracts. The Environmental Contracting Division has been awarded more than $6 million in new contracts, including contracts for environmental renovation at Pearson International Airport in Toronto. The company's Waste Management division has won $2.4 million in new contracts, including awards for cleanup, disposal, and beneficial reuse of industrial waste, and also for disposal of drilling waste...Read More »



Waste Connections Begins Common Stock Repurchase Program

The Board of Directors of Waste Connections, Inc. (NYSE: WCN) has authorized a common stock repurchase program for the repurchase of up to $200 million of common stock over a two-year period. The repurchases may be made either in the open market or in privately negotiated transactions. The authorized amount represents approximately 15 percent of Waste Connections' outstanding common stock...Read More »



Waste Industries Acquires Two In Carolinas

Waste Industries USA, Inc. (Nasdaq: WWIN) has announced the acquisition of two companies in North and South Carolina. The first, M & M Sanitation, is a tuck-in to its Easley, South Carolina operation. The second, County Garbage, Inc. of Alamance County, North Carolina, is a tuck-in to existing operations in Graham, North Carolina...Read More »



Capital Completes New Financing Agreement For Acquisitions

Capital Environmental Resource Inc. (Nasdaq: CERI) has completed approximately $374 million in financing, including a new credit facility, a senior subordinated note offering, and a private placement of common stock. Proceeds of the financing will be used to repay Capital's existing senior credit facility, complete the acquisition of Florida Recycling Services, and finance the acquisition of assets of Allied Waste in northern and central Florida...Read More »



Waste Management Reports Strong Q1 Profits

Waste Management Inc. (NYSE: WMI) has announced financial results for its first quarter ended March 31, 2004. Revenues for the quarter were $2.90 billion as compared to $2.73 billion in the same period in 2003, an increase of 6.0%. Net income for the quarter was $152 million, or $0.26 per diluted share, as compared to $61 million, or $0.10 per diluted share in the 2003 quarter. The company recorded net cash from operating activities of $470 million and free cash flow of $311 million...Read More »


Sign up to receive our free Weekly News Bulletin