MARIETTA, Ga., Nov. 15, 2017 /PRNewswire/ -- Deep Green Waste & Recycling Inc. (OTCMarkets: DGWR), today announced that it successfully completed a $1.4 million round of financing. The proceeds will be used to execute our strategy to acquire profitable managed waste services and waste equipment handling companies.
Bill Edmonds, CEO and President of Deep Green, noted, "We are pleased with the completion of this round of funding following our recent reverse merger and we are now going to embark upon our roll-up strategy so we can expand our geographic footprint and become more vertically integrated. In our prior disclosures we stated that we were in discussion to acquire three companies and we now expect to complete those acquisitions."
About Deep Green Waste & Recycling, Inc.
We are a full-service waste & recycling company that manages services to and logistics for large commercial properties throughout the continental U.S. Our unique value proposition is in the design and execution of end-to-end waste management program for our clients which reduces direct waste disposal, lowers administrative costs and generate revenue from direct recycling rebates. 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
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.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor there any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of an offering memorandum meeting the requirements of Section 10 of the Securities Act of 1933 (the Act) as amended. The securities offered in the financing have not been registered under the Act and may not be offered or sold in the United States absent a registration or an applicable exemption from registration requirements.
SOURCE Deep Green Waste & Recycling, Inc.