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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): July 20, 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 July 20, 1998, TransCor Waste Services, Inc., executed an
agreement to sell the stock of its wholly-owned operating subsidiary,
Kimmins Recycling Corp., 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 August 31, 1998.
Item 7. Financial Statements and Exhibits
Exhibit 1 - Press Release dated July 23, 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: July 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: THURSDAY, JULY 23, 1998
KIMMINS CORP. AND TRANSCOR WASTE SERVICES, INC., ANNOUNCES SALE OF
KIMMINS RECYCLING CORP.
TAMPA, FLORIDA, THURSDAY, JULY 23, 1998...TransCor Waste Services, Inc.
and Kimmins Corp. (NYSE: KVN)
TransCor Waste Services, Inc. President, Mr. Joseph M. Williams announced
today that, "The common stock of our solid waste subsidiary, Kimmins
Recycling Corp., will be sold to Eastern Environmental Services of
Florida, Inc. This transaction, along with the prior sale of the Miami
and Jacksonville operations, results in a total sale price of $62.7
million to be paid in cash and stock." Mr. Williams added, "Both
companies have executed a definitive agreement and closing is expected by
August 31, 1998."
Mr. Williams added, "Earlier this year, we sold our Jacksonville and
Miami operations to Eastern Environmental. That transaction opened up
negotiations for the sale of the balance of our solid waste business and
led us to re-examine our long-range plans as a regional solid waste
company in Florida. The combined transaction exits TransCor from the
solid waste industry and provides additional cash for other future
opportunities."
The closing of this transaction is subject to customary closing
conditions and certain governmental approvals.
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 headquarter in Tampa, Florida, and operates facilities in
Miami, Dade County; Clearwater, Pinellas County; Tampa, Hillsborough
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) 247-0182<PAGE>
