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Deep Green Waste & Recycling Announces Removal of Shell Risk Designation
June 3, 2021
2 Min Read
WOODINVILLE, Wash. -- Deep Green Waste & Recycling, Inc. (OTCQB: DGWR) announced today that the Company's "shell risk" designation from OTC Markets has been removed, and has signed a Letter of Intent (LOI) to acquire an environmental remediation and services company.
The OTC Markets shell risk designation indicates that a company may be a shell company, as defined by SEC rules or displays characteristics common to shell companies. This designation is made at OTC Markets' discretion based on an analysis of the company's key financial data.
The Company also signed an LOI in May 2021 to acquire a profitable environmental remediation and services company in the Southeast United States with revenues in excess of $1.25M. The companies expect to sign a Definitive Stock Purchase Agreement and close the transaction after completing an audit.
Deep Green Waste & Recycling has been establishing strategic relationships with institutional investors that offer substantial and longer-term financing solutions that would help the Company achieve its acquisition strategy.
Working with our strategic investorS, the Company shall use these investments to:
grow Amwaste by expanding the customer base and acquiring assets that will help grow business
acquire multiple profitable waste and remediation services companies in the Southeast United States
fund marketing campaigns that will help grow Amwaste's business and the Company's shareholder base
About Deep Green Waste & Recycling, Inc.
Deep Green Waste & Recycling, Inc. (OTCQB: DGWR) is a waste and remediation company which provides sustainable waste and recycle management services, and helps commercial customers realize cost-savings using streamlined processes that help reduce, re-purpose and recycle waste. The Company recently announced its first revenues since the company was re-launched in early 2020 when the company filed an S-1 registration statement with its investment partners. For more information, visit: https://DeepGreenWaste.com.
About Amwaste
Amwaste is a wholly owned subsidiary of Deep Green Waste & Recycling that serves the Golden Isles region of coastal Georgia. For more information, visit: https://www.callamwaste.com.
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