SOURCE: Waste Recovery, Inc.

September 14, 2007 09:28 ET

Waste Recovery, Inc. Announces Its Merger With DR Entertainment Group (MINXX Gentlemen's Club) of Las Vegas, Nevada

SANTA ANA, CA--(Marketwire - September 14, 2007) - Waste Recovery, Inc. (PINKSHEETS: WRII) today announces its merger partner to be DR Entertainment Group of Las Vegas, Nevada. DR Entertainment Group is the parent company of the world famous MINXX Gentlemen's Club also located in Las Vegas.

DR Entertainment Group is the sole owner of the real estate asset including the building which is approximately 10,500 square feet. The real property is estimated to be valued at approximately $10 million. MINXX Gentlemen's Club is a world class adult entertainment facility and is frequented by many celebrities and influential patrons. The club is located at 4636 Wynn Road in Las Vegas near the Rio Hotel and Casino, and the Palms Hotel and Casino.

DR Entertainment Group has a strong market growth plan. The plans include growing local and tourist traffic to its existing MINXX location, and an aggressive acquisition strategy where DR/MINXX will merge with other Gentlemen's Clubs. These newly acquired clubs will be rolled in under the MINXX label and upgrade to the MINXX standard of high end entertainment facility.

MINXX website link: http://www.minxx.net/

Mr. Jesse Rodriguez, elected interim Chairman and CEO, says, "I feel great about announcing DR Entertainment Group and MINXX Gentlemen's Club and future clubs as the right merger candidate to bring strong value to our shareholders."

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.

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
    949-861-9620