<B>Waste Systems Struggling with Finances</B>

Waste Systems International, Inc., an integrated non-hazardous solid waste management company, announced that it is in default under its senior bank debt, has missed an interest payment on its Subordinated Notes and expects not to make the upcoming interest payment on its Senior Notes. In light of the foregoing, WSI is actively considering all of its strategic alternatives, including sales of certain or all of its assets, and a potential restructuring or recapitalization.

John Boyer, WSI president and CEO, commented, ``This is clearly a challenging time for us in respect of near-term liquidity. Management and the board are very focused on seeking to resolve these financial issues, although there can be no assurance that we will be successful in doing so. We are considering all of our options in this respect. I appreciate very much the continued support of our employees, customers and creditors through these challenging times.''