National Waste Management Holdings acquires Gateway Rolloff

National Waste Management Holdings Inc., Hernando, Florida, announced today that it has completed its acquisition of Gateway Rolloff Services L.P., a portable dumpster service with pick up and drop off collection, specializing in the removal of debris, garbage, waste, hauling construction, and demolition debris located in Odessa, Florida for $450,000 cash and 2.4 million restricted shares. The completed acquisition is expected to generate revenue for National Waste in excess of $2.3 million annually with gross profit margins of approximately 36 percent.

"By combining Gateways' roll-off services with our existing landfill business, we will be able to offer better rates and comprehensive end-to-end solid waste solutions for our customers," says National Waste's CEO, Louis Paveglio. "Moreover, it allows us to expand our footprint geographically while gaining economies of scale."

"National Waste continues to execute on our strategy to become a full service solid waste management company and a dominant regional player. We continue to identify additional growth opportunities, both organic and through strategic acquisitions, which will help transform us into a leading vertically integrated solid waste management company," adds Jeff Chartier, president of national waste.

National Waste Management Holdings Inc., is a growing and emerging vertically integrated solid waste management company with a concentration on C&D collection, hauling and recycling. National Waste services Florida's west coast and upstate New York.