Casella Waste Systems, Inc. Announces That Massachusetts Superior Court Rejects July 2008 Citizens Appeal Against Southbridge La
15 December 2009 - 12:25AM
Marketwired
Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste,
recycling and resource management company, announced that on
December 8, 2009, a Massachusetts superior court judge rejected an
appeal by several citizen groups challenging the June 2008
Southbridge Board of Health (the "Board") decision which granted a
minor modification to the site assignment for the Southbridge
Sanitary Landfill (the "Landfill").
Following this favorable decision, the company's subsidiary,
Southbridge Recycling and Disposal Park, Inc. ("SRD") will seek the
remaining approvals to implement the changes in waste mix and rate
of waste deposit that were approved by the Board. The 2008 Site
Assignment decision allows SRD to accept into the Landfill up to
405,000 tons of municipal solid waste (MSW) per year. The Landfill
is currently permitted to receive only 180,960 tons per year of
construction and demolition (C&D) residuals and limited MSW
from the Town of Southbridge.
"For the past three years we have worked closely with the Town
of Southbridge to develop this important long-term project that
will create substantial value for the community and for our
stakeholders," said John W. Casella, chairman and chief executive
officer of Casella Waste Systems, Inc. "With this favorable
decision we can move forward together on this exciting project,
creating the foundation for sustainable environmental economic
development in Southbridge."
About Casella Waste Systems, Inc.
Casella Waste Systems is an integrated solid waste and resource
management company headquartered in Rutland, Vermont. For further
information, investors should contact Ned Coletta, director of
finance and investor relations at (802) 772-2239; 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 the Company "believes," "expects,"
"anticipates," "plans," "may," "will," "would," "intends,"
"estimates" 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 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, including failure to obtain necessary permits at the
Southbridge Sanitary Landfill and an appeal of the court order
described above, 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 Annual Report on Form 10-K/A for the year ended April 30, 2009.
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: Ned Coletta Director of Finance and Investor Relations
(802) 772-2239 Joseph Fusco Vice President (802) 772-2247
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