SOURCE: Waste Recovery, Inc.

September 27, 2007 10:00 ET

Waste Recovery, Inc. Announces the Retirement of 1.5 Billion Issued and Outstanding Shares

SANTA ANA, CA--(Marketwire - September 27, 2007) - Robert R Susnar III, the newly appointed CEO of Waste Recovery, Inc. (PINKSHEETS: WRII) announced the retirement of 1.5 Billion shares of stock.

"We are focused on getting our share price up and enhancing shareholder value," Susnar said in an interview today. "It is my belief that if we are in fact going to get this company on the right track we need to do everything in our power to make our shareholders money." According to Susnar this is the first step in many to come aimed at improving the cap structure of the company.

About Waste Recovery, Inc.

Waste Recovery, Inc. is a development stage corporation mandated by its shareholders to seek out business opportunities to acquire or merge with to create value for its shareholders.

For more information available to the public, contact the investor relations dept. at 949-861-9620.

About DR Entertainment Group

DR Entertainment Group is the parent company of the world famous MINXX Gentlemen's Club in Las Vegas, NV. This is a 10,500 square foot adult entertainment club including building and real estate assets estimated at approximately $12,000,000.00 USD.

Forward-Looking Statements

This news release contains forward-looking statements made by WASTE RECOVERY, INC. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.

Contact Information

  • Company Contact:
    Robert Susnar