<b>Waste Industries Completes Reorganization</b>

Waste Industries, Inc. has completed its holding company reorganization. The name of the holding company is Waste Holdings, Inc.

In the reorganization, Waste Industries merged into Waste Industries Merge Co, LLC, a wholly-owned subsidiary of Waste Holdings, Inc., a new corporation formed by Waste Industries for the purpose of becoming the holding company for Waste Industries.

``The executive officers and directors of Waste Holdings are the same as those of Waste Industries,'' said Stephen Shaw, Chief Financial Officer. ``This was simply a change in corporate structure.''

Waste Holdings provides collection, transfer, disposal and recycling services to commercial, industrial and residential customer in North Carolina, South Carolina, Virginia, Tennessee, Mississippi, Alabama, Georgia and Florida.

The company currently operate 45 collection operations, 24 transfer stations, approximately 100 county convenience drop-off centers, eight recycling facilities and 10 landfills in the southeastern U.S.