Deep Green Waste & Recycling Inc. Further Strengthens Balance Sheet with Conversion of Debt into Restricted Common Stock
MARIETTA, Ga., Jan. 8, 2018 /PRNewswire/ -- Deep Green Waste & Recycling Inc. (OTCMarkets: DGWR), today announced that $873,773.36 of principal and accrued interest was converted into 4,854,299 restricted shares of common stock.
Bill Edmonds, Deep Green's Chairman and CEO said "The conversion of these liabilities, combined with our recent acquisitions, will allow us to advance our acquisition strategy with much greater financial flexibility. The conversion will have significant impact on our interest expense and demonstrates the confidence of our debt holders who have been long term supporters of our Company."
About Deep Green
We are a full-service waste & recycling company that manages services to and logistics for large commercial properties throughout the continental U.S. We have presence in 35 states across the Midwest, South and East regions of the United States, and serve approximately 300 commercial customers. www.deepgreenwaste.com
We also provide complete waste equipment handling solutions, which includes design, engineering, fabrication and installation of new and used equipment along with maintenance services through our wholly owned subsidiary, Compaction and Recycling Equipment Inc. www.waste-equipment.com
This press release contains forward-looking statements that reflect the Company's current beliefs, expectations or intentions regarding future events. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "will," "will be," "anticipate," "predict," "expect" "continue," "future," and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of the Company and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to: future revenues, expenditures, capital or other funding requirements, the adequacy of the Company's current cash and working capital to fund present and planned operations and financing needs, and the growth of the Company's business and operations through acquisitions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent current Disclosure Statements available at www.otcmarkets.com. The Company anticipates that subsequent events and developments may cause their views and expectations to change. The Company assumes no obligation, and they specifically disclaim any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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