| WCA Agrees to Acquire Landfill, Transfer Station and Rail Haul Operation |
Tom Fatjo, Chairman of WCA, stated, "We are very excited about the proposed Live Earth acquisition. Successful completion of this transaction will expand our footprint into the Midwest and east coast which we believe will increase our acquisition pipeline beyond the current focus area. We are pleased that Chris Valerian, CEO of Live Earth, has agreed to stay and operate the Sunny Farm Landfill and the east coast rail operations." Chris Valerian, CEO of Live Earth, stated, "I am very excited to become part of The letter of intent is non-binding and the proposed acquisition of Live Earth is subject to the completion of due diligence, the negotiation of definitive agreements, WCA stockholder approval and other customary conditions.
The RISK FACTORS AND CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS This press release and other communications, such as conference calls, presentations, statements in public filings, other press releases, include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Forward-looking statements generally include discussions and descriptions other than historical information. The forward-looking statements made herein are only made as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. These forward-looking statements can generally be identified as such because the context of the statement will include words such as "may," "should," "outlook," "project," "intend," "seek," "plan," "believe," "anticipate," "expect," "estimate," "potential," "continue," or "opportunity," the negatives of these words, or similar words or expressions. Similarly, statements as to revenue, EBITDA, and other financial measures as to periods in the future and statements that describe our future plans, objectives or goals are also forward-looking statements. Our results will be subject to a number of operational and other risks, including the following: general economic conditions have impacted and may continue to impact our business; we may be unable to consummate announced acquisitions and, in the event we consummate acquisitions we may not be successful in integrating acquired assets or businesses with our existing business; we may be unable to identify, complete or integrate future acquisitions, which may harm our prospects; we may incur charges and other unforeseen expenses related to acquisitions, which could lower our earnings; we may not be successful in expanding the permitted capacity of our current or future landfills; our business is capital intensive, requiring ongoing cash outlays that may strain or consume our available capital; increases in the costs of disposal, labor and fuel could reduce operating margins; increases in costs of insurance or failure to maintain full coverage could reduce operating income; we may be unable to obtain financial assurances necessary for our operations; we are subject to environmental and safety laws, which restrict our operations and increase our costs, and may impose significant unforeseen liabilities; we compete with large companies and municipalities with greater financial and operational resources, and we also compete with alternatives to landfill disposal; covenants in our credit facilities and the instruments governing our other indebtedness may limit our ability to grow our business and make capital expenditures; changes in interest rates may affect our results of operations; a downturn in U.S. economic conditions or the economic conditions in our markets may have an adverse impact on our business and results of operations; our success depends on key members of our senior management, the loss of any of whom could disrupt our customer and business relationships and our operations; and we are subject to risks with respect to our acquisition activities. These risks will also apply to our forward looking statements with respect to the Live Earth business and potential Live Earth transaction described in this press release.
We describe these and other risks in greater detail in the sections entitled "Risk Factors" and "Cautionary Statement about Forward-Looking Statements" included in our Form 10-K for the year ended Additional Information and Where to Find It
In connection with the proposed acquisition of the operations of
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