MARIETTA, Ga., Dec. 4, 2017 /PRNewswire/ -- Deep Green Waste & Recycling, Inc. (OTCMarkets: DGWR), today announced that it has acquired Columbia Financial Services, Inc. (Columbia). Oregon based Columbia is a compactor rental and leasing company.
Bill Edmonds, Chairman and CEO of Deep Green stated, "As part of our managed services offerings to commercial properties throughout the US, we rent or lease a large number of recycling and trash compactors from third parties. The acquisition of Columbia will not only help us reduce our rental/lease costs for that equipment and thereby continue to improve Deep Green operating margins internally, but also allow us to broadly expand our offerings to the market by providing creative waste equipment procurement and financing solutions for commercial property owners and managers. Given the circa 15-year life of compactors and other fixed waste management equipment, we see this as a long-term stable and growing cash flow business and we will continue to invest in Columbia to support its growth."
About Deep Green
We are a full-service waste & recycling company that manages services to and logistics for large commercial properties throughout the continental U.S. We have presence in 35 states across the Midwest, South and East regions of the United States, and serve approximately 300 commercial customers. www.deepgreenwaste.com
We also provide complete waste equipment handling solutions, which includes design, engineering, fabrication and installation of new and used equipment, along with maintenance services through our wholly owned subsidiary, Compaction and Recycling Equipment Inc. www.waste-equipment.com
This press release contains forward-looking statements that reflect the Company's current beliefs, expectations or intentions regarding future events. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "will," "will be," "anticipate," "predict," "expect," "continue," "future," and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of the Company and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to: future revenues, expenditures, capital or other funding requirements, the adequacy of the Company's current cash and working capital to fund present and planned operations and financing needs, and the growth of the Company's business and operations through acquisitions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent current Disclosure Statements available at www.otcmarkets.com. The Company anticipates that subsequent events and developments may cause their views and expectations to change. The Company assumes no obligation, and they specifically disclaim any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Deep Green Waste & Recycling, Inc.