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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported: May 11, 1998
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TransCor Waste Services, Inc.
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(Exact name of registrant as specified in its charter)
Florida 1-11822 65-0369288
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) (Identification No.)
1502 Second Avenue, East - Tampa, FL 33605
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(Address of principal executive offices)
Registrant s telephone number, including area code: (813) 248-3878
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(Former name or former address, if changed since last report.)<PAGE>
Item 2. Disposition of Assets
On May 11, 1998, TransCor Waste Services, Inc., executed an
agreement to sell certain assets as described in a press release, a copy
of which is being filed as Exhibit 1 to this Form 8-K. The transaction is
scheduled to close on May 31, 1998.
Item 7. Financial Statements and Exhibits
Exhibit 1 - Press Release dated May 18, 1998
SIGNATURES
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.
TRANSCOR WASTE SERVICES, INC.
Dated: May 27, 1998
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By: /s/ Joseph M. Williams
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Name: Joseph M. Williams
Title: President<PAGE>
Exhibit 1
FOR IMMEDIATE RELEASE: MONDAY, MAY 18, 1998
TRANSCOR WASTE SERVICES, INC., ANNOUNCES SALE OF BUSINESSES IN
JACKSONVILLE AND MIAMI, FLORIDA
TAMPA, FLORIDA, MONDAY, MAY 18, 1998... TransCor Waste Services, Inc.
(NASDAQ: TRCW) TransCor Waste Services, Inc., president, Mr. Joseph M.
Williams announced today that, Our entire Jacksonville area waste
collection and recycling operations assets, and certain assets of our
Miami front-end load and rear-load commercial waste and recycling
business will be sold to Eastern Environmental Services of Florida, Inc.,
in a cash transaction totaling $11.6 million. Mr. Williams added, A
definitive agreement has been executed by both companies and closing is
expected by May 31, 1998.
Mr. Williams concluded, The sale of these operations is consistent with
the plan we implemented in mid 1997 to re-focus our management and
resources towards a more concentrated geographic area and service base.
The recent startup of the Hillsborough County, Florida franchise and the
October 1, 1998 start-up of the Cape Coral, Florida franchise will
provide significant revenue opportunities to off-set the revenue lost
from this sale. We have completed the consolidation necessary to develop
consistent profitable results and now we can look forward to selectively
growing this business.
TransCor, a regional solid waste and recycling company, provides services
to commercial, industrial, and residential customers in the state of
Florida. TransCor s services include transfer, collection,
transportation, waste segregation, recycling, demolition, and disposal.
TransCor is headquartered in Tampa, Florida, and operates facilities in
Miami, Dade County; Clearwater, Pinellas County; Tampa, Hillsborough
County; Jacksonville, Duval County; and Ft. Myers, Lee County.
Kimmins Corp. (NYSE: KVN) owns 74 percent of TransCor Waste Services,
Inc.
Contact: Joseph M. Williams
TransCor Waste Services, Inc.
(813) 247-0151<PAGE>
