$NWMH News - National Waste Management Holdings Inc. Reports Third Quarter 2015 Financial Results and Provides Business Update

HERNANDO, Fla., - (http://www.financialnewsmedia.com News Alert) - National Waste Management Holdings, Inc. (OTCQB: NWMH), today announced financial results for the third quarter ending September 30, 2015 and provided a general business update.



Third Quarter 2015 Highlights:

- Revenue for the third quarter of 2015 increased 13.5% to $479,698 compared to $422,636 for the same period last year;

- Gross margin for the third quarter of 2015 improved 800 basis points to 55.0% compared to 47.0% for the third quarter of 2014;

- Shareholders\' equity increased to $453,180 at September 30, 2015, compared to a loss of ($103,372) at the end of 2014;

- Completes acquisition of Waste Recovery Enterprises LLC.



Louis Paveglio, CEO of National Waste Management Holdings Inc., stated, \"We achieved profitability this quarter, while continuing to strengthen our balance sheet with shareholders\' equity increasing to $453,180 at September 30, 2015, compared to negative equity of ($103,372) at the end of 2014. Revenue increased by 13.5% to $479,698 versus the same period last year primarily due to the addition of new customers and expanded sales to our existing customers. At the end of September, we announced that we received an expansion permit and a 10-year permit renewal for our landfill operations. This permitting will bring us well into the next decade and allow us to develop our current operations as well as identify additional growth opportunities to help fuel our expansion into a full service solid waste management company.\"



\"As we continue to execute on our business strategy, last month we announced that we have acquired Waste Recovery Enterprises LLC located in Bainbridge, New York. Waste Recovery Enterprises operates a permitted waste processing and disposal facility. The facility has been in continuous operation since 1998 and principally serves the northeastern U.S. industrial and residential markets. The addition of this facility to National Waste\'s family of permitted facilities provides us with a northeastern presence and an exceptional platform to better serve and expand into key waste markets. We expect this acquisition to generate revenue in excess of $1,500,000 annually with gross profit margins of approximately 45%.\"



\"We have identified...