SOURCE: Waste Recovery, Inc.

October 10, 2007 18:31 ET

Waste Recovery, Inc. (OTC: WRII) Announces That It Has Applied for a Nevada Gaming License

LAS VEGAS, NV--(Marketwire - October 10, 2007) - Waste Recovery, Inc. (PINKSHEETS: WRII). DR Entertainment C.E.O., Robert R. Susnar III, today announced that the company has formally started an application for a Gaming License.

The application, when approved, will allow DR Entertainment to install and operate slot machines and video poker machines in their Minxx Gentlemen's Club located in Las Vegas, Nevada. "This is a very exciting day for DR Entertainment and its shareholders," Susnar said in an interview today. "The Gaming license is the first step in executing on the companies business plan to become a major player in casino gaming and Upscale Adult-Themed Nightclubs. The addition of gaming to Minxx Gentlemen's will add in between 1-2 Million Dollars to the bottom line each year." The company plans to acquire three to five gaming taverns over the next 24 months.

DR Entertainment is in the business of owning and operating upscale bars, nightclubs, Gentlemen's Clubs, and gaming taverns. DR Entertainment Group, LLC is here to create a new niche in the twenty first century bar, nightclub, and adult entertainment industry. The niche will be created through blending contemporary lounges, tavern gaming, and adult cabaret dancing with luxurious ultra lounge environments using cutting-edge technology.

The company currently owns and operates Minxx Gentlemen's Club which has been voted the number one adult club in Las Vegas for 2007. The Minxx Gentlemen's Club represents the first step to executing on this business model. The company constructed this facility from the ground up and owns the real estate associated with the project. This $12,000,000.00 asset serves as the flagship and conceptual model for the locations to come. Located just off the Las Vegas Strip, Minxx has created a playful, friendly, exciting and opulent atmosphere that is appealing to men and women alike. With its high concept design and 13,000 square feet of entertainment space, Minxx has raised the bar for cabaret entertainment. DR Entertainment intends to apply the same design and operational concepts to elevating the traditional experiences associated with Sports Bars and Local Gaming Taverns to a more exciting and comfortable level.

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