Meridian Waste Solutions, Inc. Competitively Bids on Recent Municipal Contracts; Prepares For Future Internal Growth
MILTON, GA / CRWEPRESSRELEASE / September 8, 2015 / Meridian Waste Solutions, Inc. (OTCMKTS:MRDN) (“Meridian”). The Company continues to make great strides building its solid waste collection business in the St. Louis, MO Metro area. In the past several weeks, MRDN competitively bid on a large 9,000 home municipal contract in the St. Louis market area. The contract has not been awarded as of today, September 8th, but local management is optimistic about the chances of receiving the 5-year contract (beginning in 2016) in the next several weeks.
Meridian plans on being apart of the bid process for all or parts of the 8 (eight) districts of St. Louis County going out to bid this fall, for start date in early 2016. With over 100,000 homes in the districts of St. Louis County, Meridian continues to focus on unparalleled service and support in their existing municipal contracts as an example of our innovative approach of being a solutions company in the waste industry. The dedication to existing customers has allowed MRDN to receive significant letters of recommendation for each of the existing and future bid processes, which the Company feels is the most important aspect of building its municipal contracts.
In addition to the plans to grow the Company’s residential customers base, local management is focusing on building the commercial and roll-off lines of the business, enabling the Company to be dedicated to the recurring revenue business model. With recent revenue growth coming from new accounts in commercial business and large homebuilders, as well as big box operators, the Company is preparing for its upcoming acquisition strategy to maximize the density of its routes. MRDN’s local sales people experienced a solid month of August, as the Company was able to compete and win several large accounts from our national competitors in the St. Louis market.
“I am excited about our opportunities over the next 90 to 120 days; from internal growth to acquisition growth. I feel the Company is gearing up to hit 2016 in full stride both operationally, as well as strategically,” said Jeff S. Cosman, CEO of MRDN.
The Company will continue to release information to its shareholders either through general public sources, its own website (www.meridianwastesolutions.com), as well as the OTC Markets website, which allows the company to control and disseminate information cost effectively.
ABOUT MERIDIAN WASTE SOLUTIONS, INC.
Meridian Waste Solutions, Inc. is focused on solutions in the waste industry. Currently, Meridian operates in St. Louis, MO as Meridian Waste Services, which serves over 40,000 residential, commercial and temporary customers in the St. Louis, MO market. With a fleet of commercial, residential and temporary roll off trucks, Meridian Waste Services provides unparalleled customer service in the form of long-term and short-term contracts. Meridian is striving to acquire companies that offer various solutions in the waste industry and in select markets around the country.
Comments are based on current management expectations, and are considered “forward-looking statements,” generally preceded by words such as “plans,” “expects,” “believes,” “anticipates,” or “intends.” We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update forward-looking statements as the result of new information or future events. We urge investors to review the risks and uncertainties within its filings with the OTC Markets and/or Securities and Exchange Commission.
SOURCE: Meridian Waste Solutions, Inc.