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LAIDLAW TO FOCUS GROWTH IN NORTH AMERICA

 TORONTO, Jan. 12 /PRNewswire/-- Laidlaw Inc.'s (NYSE: LDW) new president and CEO James Bullock told shareholders today at the company's annual general meeting that Laidlaw will focus its growth in North America and 1994 acquisition capital on the healthcare transportation sector.
 Bullock, who took on the top job at Laidlaw last October after three years on its board of directors, told shareholders the company will focus on building market share for its core waste management and passenger services businesses in North America and on improving returns on assets employed.
 He characterized Laidlaw's European investments in the environmental sector as "nothing more than a window on the market" and assured shareholders that while returns on the investments are "in keeping" with expectations, Europe would not represent the venue for the growth in Laidlaw's core business.
 Bullock said he expects Laidlaw's annualized revenues from the healthcare transportation sector will increase from the current $80 million to more than $125 million by the end of the 1994 fiscal year and receive the largest concentration of Laidlaw's acquisition capital for the year.
 In looking at the balance of Laidlaw's fiscal year, Bullock said "We are not sitting around waiting for markets to return to those of the late 80's, but, are very much focused on generating appropriate earnings and profits for the company within the volume, pricing and margin constraints we face each day ... and which we expect to continue to face for the foreseeable future."
 As a result of Laidlaw's issuance in December 1993, of $280 million in 5-year ADT-Linked Debentures, monetizing its investment in ADT Limited, the company said it does not, for the foreseeable future, anticipate recognizing further income contributions from ADT. This change may show lower recorded future earnings, but will have no effect on Laidlaw's cash flow. Unless management were to determine a material change had taken place Laidlaw will carry the ADT investment at a value of $11.90 per share.
 Three new directors were elected at the meeting. A.S. Peter Kingsmill, partner, McCarthy Tetreault; William A. Farlinger, executive partner, Ernst and Young and Gordon Ritchie, chief executive officer, Strategico Inc. Ralph Sazio, retired executive and Michael A. Ashcroft, chairman and CEO, ADT Limited retired from the board.
 -0- 1/12/94
 /CONTACT: Tag Watson, Vice President, Communications of Laidlaw, 905-336-1800/
 (LDW)


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

SP -- NY055 -- 0991 01/12/94 13:08 EST
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Publication:PR Newswire
Date:Jan 12, 1994
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