BioSafe Changes Name to Waste Systems International.CAMBRIDGE, Mass.--(BUSINESS WIRE)--Oct. 24, 1997--At the BioSafe International Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BSFE BSFE Bureau of Surveillance and Field Epidemiology ) Annual Shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. today, the company announced that shareholders have approved reincorporation in Delaware and a corporate name change to Waste Systems International Inc. ("WSI See wafer scale integration. "). The company also announced that it will change its NASDAQ stock symbol to WSII WSII Weapon Systems Intelligence Integration (US DoD) and will begin trading under the new symbol on Monday, October 27, 1997. Philip W. Strauss, BioSafe's chairman, president and chief executive officer commented, "This name change reflects the significant turnaround of BioSafe while focusing on building an integrated solid waste management company and executing our growth strategy of expanding our core presence in existing markets, such as in Vermont, as well as establishing positions in new markets. To this end, we have many exciting projects and/or acquisitions under development which will establish WSI as a leading solid waste management company in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. and the Mid-Atlantic states." WSI is an innovative solid waste management company. The company has built a fully-integrated solid waste management business in Vermont, and has entered into a contract to operate and remodel re·mod·el tr.v. re·mod·eled also re·mod·elled, re·mod·el·ing also re·mod·el·ling, re·mod·els also re·mod·els To make over in structure or style; reconstruct. an existing 30-acre landfill in South Hadley, Mass. The company is also evaluating other opportunities in the New England and Mid-Atlantic markets and has also licensed its proprietary infectious medical waste disposal technology throughout Europe. Certain of the above statements may be forward looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors including competitive developments and other risk factors listed from time to time in the company's Securities and Exchange Commission reports. CONTACT: BioSafe International Inc. Bob Rivkin, 617/497-4500 or Burson-Martseller Stuart Carlisle, 212/614-4000 |
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