WCA Waste Corporation Enters Into An Operating Agreement With An Option To Purchase Stoughton Recycling Technologies
HOUSTON, Feb. 15, 2011 (GLOBE NEWSWIRE) -- WCA Waste Corporation (Nasdaq:WCAA) announced today that it has entered into an operating agreement with Stoughton Recycling Technologies (SRT) with an option to purchase the company. Stoughton Recycling Technologies is a state of the art C & D recycling facility and transfer station in Stoughton, Massachusetts located three miles from the WCA owned Champion City Recovery (CCR) transfer station, approximately 25 miles South of Boston.
Stoughton Recycling Technologies compliments Champion City Recovery by maximizing the tonnage recycled by utilizing SRT processing capabilities. CCR will continue to handle the post processed residual material which is rail hauled to WCA owned Sunny Farms landfill in Ohio. The agreement positions WCA to increase volumes recycled, internalize increased disposal tons and work with the commonwealth of Massachusetts in becoming a leader in C & D recycling.
RISK FACTORS AND CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTSThis press release and other communications, such as conference calls, presentations, statements in public filings, other press releases, include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Forward-looking statements generally include discussions and descriptions other than historical information. These forward-looking statements can generally be identified as such because the context of the statement will include words such as "may," "should," "outlook," "project," "intend," "seek," "plan," "believe," "anticipate," "expect," "estimate," "potential," "continue," or "opportunity," the negatives of these words, or similar words or expressions. The forward-looking statements made herein are only made as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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