Consolidated Envirowaste Industries Inc.
TSX VENTURE : CWD

Consolidated Envirowaste Industries Inc.

October 23, 2006 21:31 ET

Consolidated Envirowaste Industries Inc.: Acquisition of Shares by Insiders

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 23, 2006) -

Consolidated Envirowaste Industries Inc. (TSX VENTURE:CWD) today announced that James Darby and Douglas Halward, the Company's Chief Executive Officer and President, respectively, have entered into private agreements to purchase from three institutional shareholders on December 15, 2006 a total of 1,252,663 common shares of the Company at a price of $0.75 per share, subject to upward adjustment if the purchasers and their associates subsequently sell half or more of their aggregate interest in the Company at a higher price in the following year. The three selling shareholders were limited partners in Environmental Research and Development Limited Partnership ("ER&D"). Messrs. Darby and Halward, ER&D, Royal Bank Capital Corporation and the Company are parties to a shareholders' agreement dated September 24, 1996, a copy of which was previously filed by the Company and is available at www.sedar.com.

Consolidated Envirowaste Industries Inc.

James Darby, Chief Executive Officer

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Consolidated Envirowaste Industries Inc.
    Douglas Halward
    (604) 856-6836
    (604) 856-5644 (FAX)