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BioSafe Completes Acquisition of Vermont Transfer Station Serving the Burlington Market.


CAMBRIDGE, Mass.--(BUSINESS WIRE)--Oct. 7, 1997--

Moretown Landfill Capacity jumps to 350 tons per day

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 ) announced today that its subsidiary, Waste Professionals of Vermont Inc. (WPV WPV Workplace Violence
WPV Wiener Psychoanalytische Vereinigung (German: Viennese Psychoanalytical Society) 
), has acquired the permits and commenced operations at the Chittenden Solid Waste District's former transfer station in the town of Williston, Vt.

Under the agreement, WPV will lease the transfer station, located about 30 miles from the company's landfill in Moretown, from the Chittenden Solid Waste District for a period of 10 years and will have an option to buy the operation at the end of that period for a minimal amount.

"This is an important addition to our solid waste operations in Vermont and creates the second largest solid waste management company in the state," commented Philip Strauss, BioSafe's chairman, president and chief executive officer. "The Williston transfer station complements our existing integrated waste operations and ensures that we receive a stable, long-term waste flow to our landfill facility in Moretown. In March, the Chittenden Solid Waste District awarded BioSafe a $1.3 million, 15-month contract to dispose of To determine the fate of; to exercise the power of control over; to fix the condition, application, employment, etc. of; to direct or assign for a use.

See also: Dispose
 approximately 23,000 tons of sludge from wastewater treatment plants Wastewater treatment plant also called wastewater treatment works
  • Sewage treatment – treatment and disposal of human waste.
  • Industrial wastewater treatment – the treatment of wet wastes from manufacturing industry and commerce including mining, quarrying and
 within the district. The Moretown landfill, located approximately 30 miles from Burlington and 10 miles from the state's capitol in Montpelier, serves as a solid foundation from which we can direct waste streams throughout Vermont. Furthermore, the landfill and transfer station serve as an attractive position from which we can densify our market presence by acquiring additional collection companies and transfer stations."

The internalization Internalization

A decision by a brokerage to fill an order with the firm's own inventory of stock.

Notes:
When a brokerage receives an order they have numerous choices as to how it should be filled.
 of waste from the company's transfer station in Williston has enabled BioSafe to increase the operating level of the Moretown landfill, which began accepting waste exactly one year ago, from approximately 175 tons per day to about 350 tons per day. This increases the capacity of the landfill to roughly 100,000 tons per year. In addition, BioSafe's hauling operation (WPV Disposal) announced today that it had received a maximum 3-year contract with the Central Vermont Solid Waste District for residential collection at approximately $750,000 per year. Anticipating the significant growth in this market, BioSafe filed a permit application in April with the Vermont Agency of Natural Resources for the next cell, or cell 2, at the landfill, which will add an estimated additional 1.5 million cubic yards of capacity.

BioSafe International 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 South Hadley, residential town (1990 pop. 16,685), Hampshire co., W Mass., on the Connecticut River near the Holyoke Range; settled 1684, inc. 1775. Its paper industry dates from the early 19th cent. , Mass. BioSafe has also licensed its proprietary infectious medical waste disposal technology throughout Europe. -0-

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

Bob Rivkin, 617/497-4500

or

Burson-Marsteller

Stuart Carlisle Stuart Carlisle (born May 10, 1972 in Harare - then Salisbury) was a Zimbabwean cricketer who played 37 Tests and 111 One-day Internationals for Zimbabwe. He was also temporarily the captain of the Zimbabwe cricket team, leading them in six Tests and 12 ODIs, and achieving a , 212/614-4000
COPYRIGHT 1997 Business Wire
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Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 7, 1997
Words:505
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