<B>WasteMasters Completes Acquisition</B>

WasteMasters, Inc. completed the acquisition of the Mid-Atlantic waste operations of Global Eco-Logical Services, Inc. The operations consist of a commercial and industrial collection, recycling and transportation business in Philadelphia, New Jersey and surrounding markets, along with a 141 acre construction and demolition landfill in Eastern Ohio.

Leon Blaser, CEO, stated: ``The Global deal represents the first results from the hard work that we have put in over the past year to restructure the company and create shareholder value. We expect to announce in the near future additional positive news for shareholders, including the completion of our reorganization as a Delaware corporation, the settlement of additional material liabilities and the infusion of new capital into the Company, as well as additional acquisitions to complement the operations acquired from Global.''