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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report April 3, 1996
(Date of earliest event reported March 22, 1996)
GEOWASTE INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-9278 36-2751684
(commission file number) (IRS Employer Identification No.)
Suite 208, Cathedral Place, St. Augustine, Florida 32084
(Address of principal executive offices)
Registrant's telephone number, including area code (904) 824-0201
Item 5. Other events.
(a) See press release dated March 26, 1996, copy attached.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GEOWASTE INCORPORATED
----------------------------
(Registrant)
Date: April 3, 1996 By: /s/ RAYMOND F. CHASE
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(Signature)
Print Name: Raymond F. Chase
Its: Chief Financial Officer
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Contact: Raymond F. Chase
FOR IMMEDIATE RELEASE
GEOWASTE ACQUIRES COLLECTION/SWEEPING COMPANY
AND ANNOUNCES NEW COLLECTION CONTRACTS
March 26, 1996 ... GeoWaste Incorporated (NASDAQ:GEOW) today announced that it
has completed the acquisition of North Florida Sweeping, Inc. for a combination
of stock, cash and assumption of debt and warrants totaling approximately $1.3
million. North Florida Sweeping is a solid waste roll-off collection and
street sweeping company based in Jacksonville, Florida with annual revenues of
$1.7 million. The acquisition is expected to add $380,000 of operating cash
flow annually to GeoWaste.
Kevin R. Kohn, President and Chief Executive Officer said,
"We are pleased with the addition of the North Florida operations which
will add to our activities in the Jacksonville/St. Augustine market as
well as further increase the volume of solid waste into our South Georgia
disposal facility."
GeoWaste also announced the commencement of two five year contracts for solid
waste collection, transportation and disposal services for Brooks County,
Georgia. The solid waste services are being provided to all of the 5,300
residential and 200 commercial customers within Brooks County and the City of
Quitman. The contracts will add approximately $500,000 in annual revenue to
the Company's operations in South Georgia and secure the disposal of the Brooks
County solid waste currently being received.
GeoWaste owns and operates a Subtitle D disposal facility and collection
company in Valdosta, Georgia and operates a solid waste transfer in St.
Augustine, FL.
