Meridian Waste Solutions Strengthens its Sales Distribution Network with Acquisition of DxT Medical
Valuation Based on $1.32 per Share
ATLANTA, GA / ACCESSWIRE / October 23, 2017 / Meridian Waste Solutions, Inc. (NASDAQ: MRDN) ("Meridian Waste" or the "Company"), a vertically integrated, non-hazardous solid waste services company, announced today its closing of an acquisition of DxT Medical, LLC, a South Carolina limited liability company that owns and operates a national healthcare distribution business.
The all-stock transaction for DxT Medical was valued at $462,000 and comprised of 350,000 restricted shares of Meridian Waste Solutions valued at $1.32 per share.
DxT Medical will operate within and strengthen Meridian Waste's technology division, Mobile Science Technologies. The sales team and distribution network will seek to accelerate the sales of the Bright City App, a key part of Meridian Waste's technology division. The strategy of building indelible ties between local governments, their healthcare systems and an engaged citizenship is key to bridging the needs of rural, suburban and urban communities creating healthier, informed and unified societies.
Bright City is an all-in-one citizen engagement app allowing local governments and their citizens to communicate directly making their communities safer, citizens more connected and leadership more proactive. Bright City was developed to help solve significant issues that all local governments must address:
Streamlining internal and external communications often adversely impacted due to budget and staff cuts.
Expanding security by adding extra eyes in the community to watch out for crime and dangerous situations.
Expediting the flow of information to appropriate departments and staff members for answers, repairs and resolutions.
Reporting emergencies faster and more accurately.
Building trust among elected officials, local government staff, law enforcement and its citizens.
For more information, please visit: https://www.brightcityapps.com.
DxT Medical is a national healthcare distribution partner aiming to improve patient care and provide cost-saving opportunities through innovative, compliant, comprehensive diagnostic and therapeutic solutions for patients and healthcare providers. Its team has years of medical and pharmaceutical sales experience, giving it a comprehensive understanding of the needs of all parties within medical distribution including patients, healthcare providers and those who interact with them. DxT Medical focuses on rural hospitals and their unique challenges. Almost 33% of adults in rural America are in poor to fair health. Nearly 50% of adults in rural America have at least one major chronic illness. Approximately 25% of America's population lives in rural areas. Rural hospitals are finding innovative ways to adapt to the new healthcare environment and provide optimal patient care by increasing outsourcing and outpatient services to promote collaboration among community health care providers and improve and hospital community economics.
For more information, please visit: http://dxtmedical.com.
About Meridian Waste Solutions, Inc.
Meridian Waste Solutions, Inc. (NASDAQ: MRDN) is a company defined by our commitment to servicing our customers with unwavering respect, fairness and care. We are focused on finding and implementing solutions to solid waste needs and challenges within the industry and for our customers. Meridian Waste's core business is centered on residential and commercial waste collection and disposal but it also includes a fundamental objective to seek rewarding environmental solutions through innovation. Currently, the company operates in St. Louis, Missouri and Richmond, Virginia servicing over 113,000 residential, commercial, industrial and governmental customers. In addition to a fleet of commercial, residential and roll off trucks, the Company operates four transfer stations, one recycling facility and three municipal solid waste landfills. For more information, visit www.MWSinc.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve certain risks and uncertainties. The actual results or outcomes of Meridian Waste Solutions, Inc. may differ materially from those anticipated. Although Meridian Waste Solutions, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any such assumptions could prove to be inaccurate. Therefore, Meridian Waste Solutions, Inc. can provide no assurance that any of the forward-looking statements contained in this press release will prove to be accurate.
In light of the significant uncertainties and risks inherent in the forward-looking statements included in this press release, such information should not be regarded as a representation by Meridian Waste Solutions, Inc. that its objectives or plans will be achieved. Included in these uncertainties and risks are, among other things, fluctuations in operating results, general economic conditions, uncertainty regarding the results of certain legal proceedings and competition. Forward-looking statements consist of statements other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as "may," "intend," "expect," "will," "anticipate," "estimate" or "continue" or the negatives thereof or other variations thereon or comparable terminology. Because they are forward-looking, such statements should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Meridian Waste Solutions, Inc.'s most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled "Risk Factors." Meridian Waste Solutions, Inc. does not undertake an obligation to update publicly any of its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Investor Contact
Hayden IR
IR@MWSinc.com
(917) 658-7878
SOURCE: Meridian Waste Solutions, Inc.
