<B>Casella Expected to Announce Changes</B>

There are a number of reports that Casella Waste Management, will be announcing the sale of a number of its facilities and divisions. According to several sources, the company, which has scheduled a conference call on Wednesday Nov. 22, could be announcing a decision to sell of a number of its recycling-related operations. These sales possibly include their brokerage operations, recycling facilities, insulation operations and other operations. Casella is a Rutland, Vt., based recycling and solid waste management company.

Similar to many of the larger waste management concerns, Casella Waste Management sought to grow its business through acquiring many ancillary businesses, including recycling operations, insulation manufacturers, plastics recycling companies, etc.

However, similar to many other waste management companies Casella has had a difficult time blending its recycling operations with its solid waste business. The company’s stock, similar to WMI and Allied Waste, has fallen sharply.

To improve shareholder value the company has been considering jettisoning off non-core businesses. The expectations are that the company’s recycling operations would be a likely candidate for either a sale or spin off.

The company is heavily concentrated in the Northeast, although it also has operations in the Midwest and the Southern U.S.

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