Waste Disposal Management Firm Raises $8.5 Million From Advantage Capital, Southwest Bank

Aug 25, 2006, 01:00 ET from Advantage Capital Partners

    ST. LOUIS, Aug. 25 /PRNewswire/ -- Waste Remedies, a consulting firm
 that enables companies to outsource waste disposal at sharply lower costs,
 has received $8.5 million in investment from Advantage Capital Partners,
 Southwest Bank of St. Louis and management. The funds will be used to
 establish company management in St. Louis and provide capital for growth.
     Waste Remedies provides consulting, management and brokerage services
 for waste removal. For customers that include property managers,
 manufacturers, retailers and restaurants, Waste Remedies arranges waste
 removal and recycling at considerably less expense than most companies
 obtain for themselves, up to 50% less. The company was founded in Illinois
 11 years ago but has been managed from California in recent years. With
 this investment, St. Louis- based interim CEO Tim Gray took control of the
 company and established its headquarters in Missouri.
     "This financing enables Waste Remedies to capitalize on two key trends:
 corporate outsourcing and increased attention for cost-effective recycling
 and waste management," Gray said. "We could not be more excited about
 having partners such as Advantage Capital and Southwest Bank backing us,
 and about having centralized operations in St. Louis."
     Advantage's $2.3 million portion of the investment was made with
 private funds raised in connection with the federal New Market Tax Credits
 program. Advantage has raised more than $100 million to date through this
 innovative federal initiative, which is designed to stimulate growth and
 job creation in targeted communities by providing much-needed private
 investment capital to low-income areas.
     "The risk capital Advantage brought to this financing made our
 participation possible," said Gary L. Siddens, Jr., vice
 president-commercial lending at Southwest Bank. "The New Markets program
 has mobilized private funds to serve as a catalyst for investments like
 this one in St. Louis and other communities throughout the nation."
     "Waste Remedies has helped its clients reduce waste management costs by
 as much as half," said Jeremy Degenhart, Advantage vice president. "The
 business opportunity for this company is sizable and growing. With its
 prospects for growth and environmental focus, it is a good business to
 bring to this community."
     About Advantage Capital Partners
     Advantage Capital Partners is a private equity firm focused on
 investing in promising companies in connection with federal, state and
 local economic development efforts. With offices in St. Louis, New Orleans,
 New York and other cities, Advantage has raised more than $700 million in
 institutional venture capital since 1992 and invested in companies located
 in geographic underserved by traditional venture capital. For more
 information, visit http://www.advantagecap.com .
     About Southwest Bank
     Southwest Bank of St. Louis is part of Marshall & Ilsley Corporation
 (NYSE:   MI), a diversified financial services corporation headquartered in
 Milwaukee, Wis., with $52 billion in assets. The Southwest Bank affiliate
 has fourteen offices in the St. Louis area and one office in Belleville,
 Ill. M&I also provides trust and investment management, equipment leasing,
 mortgage banking, asset-based lending, financial planning, investments, and
 insurance services from offices throughout the country and on the Internet
 ( http://www.mysouthwestbank.com ).

SOURCE Advantage Capital Partners