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TRANSAMERICAN WASTE REPORTS FIRST QUARTER EARNINGS AND ACQUISITION OF SPECIAL WASTE LANDFILL

 HOUSTON, Jan. 15 /PRNewswire/ -- TransAmerican Waste Industries, Inc. (NASDAQ-NMS: WSTE) today reported net income of $200,000 on revenues of $2,231,000 for the three months ended Nov. 30, 1992, as compared with net income of $617,000 on revenues of $2,427,000 for the same period last year. The decrease in net income is attributable to the increase of general and administrative expenses in anticipation of the acquisition of three new processing and disposal facilities.
 The company also announced it has completed the acquisition of all of the outstanding stock of Controlled Recovery, Inc., a company which owns and operates a special waste landfill located near Hobbs, N.M.
 TransAmerican Waste Industries, Inc. is engaged in a variety of waste management activities, including the processing and disposal of wastewater sludge, the marketing of third party solid waste disposal capacity, construction of special waste disposal sites, environmental engineering and consulting and the design of water pollution control equipment. TransAmerican is also aggressively pursuing acquisitions in the solid waste management industry. The company's common stock is traded on the National Market System under the NASDAQ symbol WSTE.
 TRANSAMERICAN WASTE INDUSTRIES, INC.
 Summary Data Table
 Three months ended Nov. 30 1992 1991
 Revenues $ 2,231,000 $ 2,427,000
 Operating margin 946,000 973,000
 Corporate overhead 644,000 0
 Pre-tax income 282,000 935,000
 Net income $ 200,000 $ 617,000
 Earnings per share $ 0.01 $ 0.07
 Weighted average shares
 outstanding 14,182,000 9,350,000
 -0- 1/15/93
 /CONTACT: Tommy Fatjo, vice president of TransAmerican Waste Industries, Inc., 713-956-1212/
 (WSTE)


CO: TransAmerican Waste Industries, Inc. ST: Texas IN: SU: ERN

TS -- NY040 -- 5374 01/15/93 12:42 EST
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Publication:PR Newswire
Date:Jan 15, 1993
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