SOURCE: Waste Recovery, Inc.

September 04, 2007 11:59 ET

Waste Recovery, Inc. -- 2 Final Merger Partners Left, Final Announcement Imminent

SANTA ANA, CA--(Marketwire - September 4, 2007) - WASTE RECOVERY, INC. (PINKSHEETS: WRII) today announces that it is down to the final two (2) potential merger partners and believes that the Final Merger Partner decision will be made shortly with its announcement coming imminently thereafter.

Both merger candidates are very strong, each with tangible assets, including real estate assets, in excess of $10 million USD and revenues well in excess of $2 million per year.

Both merger candidates also possess great future market potential and are both doing business in strong growth markets.

Both merger candidates have strong business plans and strong business knowledge in their respective business sectors.

Mr. Jesse Rodriguez, elected interim Chairman and CEO, says, "I feel great about these two candidates and only wish we could pursue them both. Knowing that this is not possible, either candidate will create shareholder value going forward. I will be excited to be announcing the final merger candidate here shortly."

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.

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:
    Jesse Rodriguez