<B>Waste Industries Reports Strong Quarter</B>

Waste Industries, Inc. reported service revenue of $61.8 million, a 17.5% increase over the same period in 1999. EBITDA (net income plus taxes, interest (net of interest income), depreciation, amortization and loss on sale of assets) was $14.4 million, a 19.3% increase over the same period in 1999. Pro forma operating income for the quarter was $7.9 million, up 19.3% and actual $6.2 million, down 6.2% from the same period in 1999. Pro forma net income, excluding loss on sale of assets was $2.9 million, down 4.6%. Actual net income was $1.9 million, down 37.5% from the same period in 1999.

Lonnie C. Poole, Jr., chairman and CEO of Waste Industries, Inc., stated, ``During the quarter, we acquired landfills near existing collection markets which will initially allow us to internalize 1,000 - 1,500 tons per day. The Sampson County site in Eastern NC came about through an asset swap with Allied Waste Industries, Inc. and is situated within 100 miles of 16 collection operations and 9 transfer stations operated by Waste Industries. We also acquired and completed development of a greenfield site in Atlanta which opened for business in June. Existing collection operations in Alpharetta and Lilburn will divert some of their waste flow to this new Safeguard site. I am very pleased that transfer and disposal revenue grew 55% in one year.''