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Waste Business Journal Weekly News Bulletin: Mar. 27-Apr. 2, 2006

Headlines...

  1. Unionized Garbage Drivers in Seattle Authorize Strike by 96% Margin
  2. Waste Connections Announces Dates for First Quarter 2006 Earnings Release and Investment Conference Presentation
  3. Waste Industries USA, Inc. Announces Amendment of Credit Facility
  4. Autos Are Most Recycled Consumer Product
  5. SCS Energy Awarded Two Design/Construct/Operate Green Power Projects Valued at $14.5 Million
  6. Perma-Fix Announces Resignation of Chief Financial Officer
  7. Metal Management, Inc. Appoints Norman R. Bobins to Board of Directors; Kevin P. McGuinness to Become Director Emeritus
  8. ERA Shortens Name to Electronic Recyclers; California's Largest Electronic Waste Company Undergoes Name Change to Reflect Growth
  9. Budget Waste Inc. Signs Letter of Intent With Oil Field Waste Hauling Company
  10. Sharps Compliance Corp. Announces $1.5 Million Line of Credit and New Banking Relationship

 

  1. Unionized Garbage Drivers in Seattle Authorize Strike by 96% Margin

    Teamster garbage drivers serving Seattle and thirty other cities in King and Snohomish County voted overwhelmingly March 25 to authorize a strike if negotiations for a new contract are unsuccessful. The current contract expires March 31, 2006.

    Negotiations covering the six hundred drivers at Allied Waste and Waste Management, the two firms responsible for most of the garbage pick up in the Puget Sound region, began February 10 and are continuing this week...Read More »

  2. Waste Connections Announces Dates for First Quarter 2006 Earnings Release and Investment Conference Presentation

    Waste Connections, Inc. (NYSE: WCN) announced that it will report financial results for the first quarter of 2006 after the close of the stock market on April 24, 2006. The Company will be hosting a conference call related to these results on April 25th at 8:30 a.m. Eastern Time.
    To access the call, listeners should dial 800-299-7089 (domestic) or 617-801-9714 (international) approximately 10 minutes prior to the scheduled start time and ask the operator for the Waste Connections conference call, Passcode # 48820759. A replay of the conference call will be available until May 2, 2006, by calling 888-286-8010 (domestic) or 617-801-6888 (international) and entering Passcode # 89856608...Read More »

  3. Waste Industries USA, Inc. Announces Amendment of Credit Facility

    Waste Industries USA, Inc. (Nasdaq: WWIN), a regional, non-hazardous solid waste services company, today announced it has completed the amendment and restatement of its senior secured revolver credit facility. The amended $200 million facility matures in October 2009 and replaces the facility expiring in February 2007.
    The company may increase the facility up to $300 million at any time prior to maturity. The financial covenants generally are less restrictive than those in the prior facility and include leverage covenants and an interest coverage covenant...Read More »

  4. Autos Are Most Recycled Consumer Product

    According to the Alliance of Automobile Manufacturers, automobiles are the most recycled consumer products in the world today. Each year, 95 percent of retired autos are processed for recycling. Everything from floor mats and instrument panels to upholstery, aluminum and steel can be recycled for use in a new automobile or another consumer product. Nationwide, about 26 automobiles are recycled every minute, and at least 84 percent of a car's material content is recycled...Read More »

  5. SCS Energy Awarded Two Design/Construct/Operate Green Power Projects Valued at $14.5 Million

    SCS Energy, a division of SCS Engineers, has been awarded contracts to design, construct, and operate two 3.2 MW landfill gas-fired power plants. The projects are located in Medford, Oregon, and Atlanta, Georgia. Each contract calls for SCS to design and construct the projects on a fast-track basis, in order to meet deadlines embodied in the clients' power purchase agreements. The contracts also call for SCS Energy to provide five years of operation and maintenance services at a guaranteed price. As of March 2006, SCS Energy had installed nine landfill gas-fired projects and three digester gas-fired projects on a design/construct basis...Read More »

  6. Perma-Fix Announces Resignation of Chief Financial Officer

    Perma-Fix Environmental Services, Inc. (Nasdaq: PESI) today announced the resignation of Richard T. Kelecy as Vice President, Chief Financial Officer and Secretary of the Company, which resignation is effective on April 5, 2006. Mr. Kelecy has accepted a position with WRS Infrastructure & Environment Inc. The Company has initiated a transition plan with a senior financial team assuming day-to-day responsibilities, while a search for a new CFO is underway. The Company also announced that it expects to file its Form 10-K with Securities and Exchange Commission on or before March 31, 2006...Read More »

  7. Metal Management, Inc. Appoints Norman R. Bobins to Board of Directors; Kevin P. McGuinness to Become Director Emeritus

    Metal Management, Inc. (Nasdaq: MTLM), one of the nation's largest full service scrap metal recyclers, today announced the appointment of Norman R. Bobins to the Metal Management Board of Directors. Mr. Bobins, President and Chief Executive Officer of LaSalle Bank Corporation, will succeed Kevin P. McGuinness. Mr. McGuinness will retire from active board service to become Director Emeritus after serving as a Director since 2001. Both Mr. Bobins' appointment and Mr. McGuinness' retirement are effective April 1, 2006...Read More »

  8. ERA Shortens Name to Electronic Recyclers; California's Largest Electronic Waste Company Undergoes Name Change to Reflect Growth

    Electronic Recyclers of America announced today that it has formally changed its name to Electronic Recyclers. Electronic Recyclers is currently California's largest recycler of all electronic waste. According to John S. Shegerian, Electronic Recyclers' President and CEO, "With the work we are doing abroad...We want our name to appropriately represent our geographic scope of operations." Electronic Recyclers is the only electronic recycling facility in California that de-manufactures, recycles and crushes the cathode ray tubes found in computer monitors, televisions and other types of video equipment...Read More »

  9. Budget Waste Inc. Signs Letter of Intent With Oil Field Waste Hauling Company

    Budget Waste Inc. (Pink Sheets: BDWT), a premier roll-off waste hauling company in the Calgary area, signed a letter of intent with Recyc-Haul Waste Management Inc. (Recyc-Haul), an oil field waste hauling company providing waste hauling and recycling services to the Alberta Oil Fields. The potential merger will provide BWI with regional waste hauling presence and a diversified revenue stream in the lucrative oil and gas sector...Read More »

  10. Sharps Compliance Corp. Announces $1.5 Million Line of Credit and New Banking Relationship

    Sharps Compliance Corp. and subsidiaries (OTCBB:SCOM), leading providers of cost-effective medical waste disposal solutions for industry and consumers, today announced the execution of a $1.5 million Credit Agreement with JPMorgan Chase Bank, N.A.

    The Credit Agreement provides for a revolving line of credit (the "Line of Credit") in the principal amount of $1.5 million. The proceeds of the Line of Credit may be used for working capital, letters of credit, acquisitions and general corporate purposes...Read More »

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