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LAIDLAW INC. FIRST QUARTER ANALYST MEETING

 BURLINGTON, Ont., Jan. 18 /PRNewswire/ -- Laidlaw Inc. (NYSE: LDW.A, LDW.B) today announced that its president and CEO, Donald K. Jackson, told financial analysts at a regular first-quarter briefing in New York that he is "looking forward to an improved economy" in each of Laidlaw's major markets but the company is "making important internal decisions to improve...results even if the economy remains slow."
 He said while substantial progress had been made, improvements in Laidlaw's U.S. solid waste and Canadian hazardous waste management operations were priorities and programs were "well underway."
 Jackson said the decline in the value of the Canadian dollar against the U.S. dollar resulted in revenues for the first quarter of 1993 being 3 percent lower than the comparable 1992 period.
 Jackson noted that the previously announced acquisition of 80 percent of Smogless S.p.A., an Italian environmental systems and service company, has been closed and that its U.S. environmental service company had acquired an industrial waste water treatment facility in Tennessee. The company is also continuing its acquisition program in its solid waste and passenger services units.
 "We are optimistic that our initial moves into Mexico and Europe are effective positioning with good future opportunities," he said.
 Laidlaw Inc. is the third largest solid waste management and recycling service company in North America, the second largest in hazardous waste management and the largest in the provision of passenger services to the educational community.
 -0- 1/18/93
 /CONTACT: Tag Watson, vice president-communications of Laidlaw, 416-336-1800/
 (LDW)


CO: Laidlaw Inc. ST: Ontario IN: SU:

GK -- NY050 -- 5910 01/18/93 13:19 EST
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Publication:PR Newswire
Date:Jan 18, 1993
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