DEEP GREEN EXPANDING ENVIRONMENTAL SERVICES OPERATIONS

Rhea-AI Summary

Deep Green Waste & Recycling (OTCQB: DGWR) has announced an aggressive expansion plan for its subsidiary, Lyell Environmental Services (LES). The company will establish satellite operations centers in Memphis, TN, Louisville, KY, and Huntsville, AL.

This strategic expansion will provide access to an additional 1.5 million homes and businesses for LES's environmental testing and remediation services, which include asbestos, lead, mold, water damage, and disaster recovery solutions. The company expects to complete facility setup and obtain necessary certifications across all three markets within the next 90 days.

Positive

• Expansion into three new major markets
• Access to 1.5 million additional potential customers
• Expected operational readiness within 90 days
• Pre-existing business lined up for immediate start

Negative

• Potential capital requirements for expansion not disclosed
• Implementation and certification risks across multiple locations

Hermitage, Tennessee, Feb. 12, 2025 (GLOBE NEWSWIRE) -- DEEP GREEN Waste & Recycling Inc. (OTCQB DGWR), a waste, recycling and remediation services company for commercial customers, today announces that it is moving forward with an aggressive expansion of its subsidiary, Lyell Environmental Services, Inc. (“LES”) to include satellite operations centers in the Memphis, TN, Louisville, KY, and Huntsville, AL markets.

This expansion will open an additional 1.5 million homes and businesses for LES’s environmental testing and remediation services for asbestos, lead, mold, water damage, and disaster recovery. “We expect all facilities and additional certifications to be in place over the next 90 days in all three of these markets and we’re already lining up business to hit the ground running,” said David Bradford, President of DGWR.

About DEEP GREEN Waste & Recycling, Inc.

DEEP GREEN Waste & Recycling, Inc. (OTCQB:DGWR) is a waste, recycling and remediation services company 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

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/

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.
3524 Central Pike, Suite 310
Hermitage, TN 37076
Phone: (912) 254-7889
Email: Investor@DeepGreenWaste.com

FAQ

What new markets is DGWR expanding into in 2025?

DGWR is expanding into Memphis, TN, Louisville, KY, and Huntsville, AL markets through its subsidiary Lyell Environmental Services.

How many new potential customers will DGWR's expansion reach?

The expansion will provide access to an additional 1.5 million homes and businesses for environmental services.

What services will DGWR offer in its new markets?

DGWR will offer environmental testing and remediation services for asbestos, lead, mold, water damage, and disaster recovery.

When will DGWR complete its new facilities setup and certifications?

DGWR expects to complete all facilities setup and obtain additional certifications within 90 days from February 12, 2025.