DEEP GREEN Completes $2M Asbestos Removal Project at Vanderbilt University Medical Center in Nashville

Rhea-AI Summary

DEEP GREEN Waste & Recycling Inc. (DGWR) completes a $2 million asbestos removal project at Vanderbilt University Medical Center, marking the largest single abatement project in its history. The project was finished on time, under budget, and is expected to fuel accelerated growth. The company's subsidiary, Lyell Environmental Services, efficiently handled the asbestos removal with strict safety measures. DEEP GREEN's strong financial performance over the past two quarters and its commitment to environmental stewardship position it for continued growth and expansion in the environmental services sector.

Positive

• Completion of a $2 million asbestos removal project at Vanderbilt University Medical Center by DEEP GREEN Waste & Recycling Inc.
• The project was completed on time, under budget, and is expected to contribute significantly to the company's growth plan.
• Lyell Environmental Services efficiently executed the asbestos removal with strict safety protocols in place.
• DEEP GREEN's strong financial performance over the past two quarters showcases its financial stability and growth potential.
• The company's dedication to environmental safety and commitment to providing a wide array of environmental services highlight its strategic positioning in the market.
• DEEP GREEN's ambition to be the recognized national leader in waste management and remediation indicates its long-term growth strategy.
• The successful completion of the project positions the company for future expansion and value creation for shareholders.

Negative

• None.

Completed Project Represents the Largest Single Abatement Project in the History of Deep Green

NASHVILLE, Tenn., Feb. 13, 2024 (GLOBE NEWSWIRE) -- DEEP GREEN Waste & Recycling Inc. (OTC: DGWR) is pleased to provide shareholders with an update on the progress achieved by our Lyell Environmental Services, Inc. subsidiary (“LES”) on a major asbestos abatement project, DEEP GREEN's strong financial performance over the past two quarters, and our outlook for continued growth.

"Thanks to Lyell's expertise and hard work, we have completed a $2 million asbestos removal contract at Vanderbilt University Medical Center's (VUMC) downtown medical campus in Nashville. It was completed on schedule, under budget and as a result should contribute significantly to our accelerated growth plan for DGWR. This accomplishment not only underscores our commitment to environmental stewardship, but also positions our company for accelerated growth." commented David Bradford, President of DEEP GREEN.

Lyell Environmental Services (LES) efficiently executed the pre-demolition asbestos removal and disposal for the 11-story building at VUMC while adhering to strict safety protocols to protect hospital operations and personnel. The safe removal of asbestos in an active medical building requires extensive planning and meticulous execution using specialized equipment and techniques.

Strict controls and oversight are required throughout the process to protect workers, the public, and the environment. Proper asbestos abatement is complex, requiring specialized workers and vetted contractors with extensive training and experience. LES was selected to undertake this critical six-month asbestos abatement project due to the Company’s long successful track record and extensive experience in hazardous waste handling.

DEEP GREEN is dedicated to environmental safety, providing a wide array of professional environmental analysis, testing, remediation, and abatement solutions for commercial, institutional, and residential clients. The company will continue pursuing strategic opportunities to broaden its portfolio of environmental services and expand nationally.

"As a leading, vertically integrated waste management and remediation provider, DEEP GREEN is well-positioned to capitalize on booming demand for eco-friendly and compliant solutions to pressing environmental challenges faced by our customers," said Bill Edmonds, Chairman of DEEP GREEN. "We look forward to creating additional value for shareholders as we fulfill our ambition to be the recognized national leader in this space."

About Lyell Environmental Services, Inc.

Lyell Environmental Services, Inc. is an established commercial environmental and ecological testing services company based in Nashville, Tennessee. With a strong focus on environmental protection and safety, the company offers a comprehensive range of services for commercial, institutional and residential properties, including environmental studies, hazardous substance testing, remediation, abatement, and removal. For more information, visit: https://www.lyellenvironmentalservices.com/

About DEEP GREEN Waste & Recycling, Inc.

DEEP GREEN Waste & Recycling, Inc. (OTC PINK:DGWR) is a waste, recycling and remediation services which provides sustainable waste, recycling, and remediation services, and helps commercial customers realize cost-savings using streamlined processes that help manage, reduce, and recycle waste streams. For more information, visit: https://DeepGreenWaste.com

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

For information, please contact:
Bill Edmonds
DEEP GREEN Waste & Recycling, Inc.
260 Edwards Plz, #21266
Saint Simons Island, GA 31522
Phone: (912) 254-7889
Email: Investor@DeepGreenWaste.com

FAQ

What is the significance of the completed project at Vanderbilt University Medical Center for DEEP GREEN Waste & Recycling Inc. (DGWR)?

The completed $2 million asbestos removal project at Vanderbilt University Medical Center marks the largest single abatement project in the company's history, contributing significantly to its accelerated growth plan.

How did Lyell Environmental Services handle the asbestos removal project at VUMC?

Lyell Environmental Services efficiently executed the asbestos removal with strict safety protocols in place, adhering to extensive planning and meticulous execution using specialized equipment and techniques.

What does DEEP GREEN's commitment to environmental safety entail?

DEEP GREEN is dedicated to providing professional environmental analysis, testing, remediation, and abatement solutions for commercial, institutional, and residential clients, showcasing its commitment to environmental stewardship.

What are DEEP GREEN's strategic opportunities for future growth and expansion?

DEEP GREEN will continue pursuing opportunities to broaden its portfolio of environmental services and expand nationally, aiming to be the recognized national leader in waste management and remediation.