MARIETTA, Ga., April 16, 2018 /PRNewswire/ -- Deep Green Waste
& Recycling, Inc. (OTCMarkets: DGWR) reported $9,875,869 in revenue for the year ended
December 31, 2017 which represents an increase of $2,347,091 or 31%
versus $7,528,778 in 2016. Gross profit margin for the company increased by 43.3% over the
same period. Deep Green incurred an EBITDA operating loss of $843,491 in 2017 compared to a
$498,330 loss in 2016.
"2017 was a momentous year for Deep Green. We achieved very good revenue growth and increase in gross profits. We
also closed our first acquisitions in the fourth quarter. Throughout 2017 we invested heavily in organizational structure
and professional services to pursue our organic growth and acquisition strategy, which put significant stress on operating
margins. To help improve margins, in addition to concentrating only on higher margin business coming in, we are reviewing
all existing managed service contracts to improve or eliminate low margin performers. On the acquisition front, we are
pursuing several candidates both in the managed services business and in the equipment sales and service segment," stated
David Bradford, Chief Operating Officer. "We believe our overall strategy of organic growth
and acquisitions in managed waste services combined vertically with tactical geographic acquisitions and development of fixed
waste equipment sales and service centers will continue to create value for our shareholders."
About Deep Green
We are a full-service waste & recycling company that manages services to and logistics for large commercial properties
throughout the continental U.S. We have presence in 35 states across the Midwest, South and East regions of the United States, and serve approximately 300 commercial customers. www.deepgreenwaste.com
We also provide complete waste equipment handling solutions, which includes design, engineering, fabrication and installation
of new and used equipment along with maintenance services through our wholly owned subsidiary, Compaction and Recycling Equipment
Inc. www.waste-equipment.com
This press release contains forward-looking statements that reflect the Company's current beliefs, expectations or intentions
regarding future events. Any statements contained in this press release that are not statements of historical fact may be
deemed forward-looking statements. Words such as "will," "will be," "anticipate," "predict," "expect" "continue,"
"future," and similar expressions are intended to identify such forward-looking statements. All forward-looking statements
involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied
in the forward-looking statements, many of which are generally outside the control of the Company and are difficult to
predict. Examples of such risks and uncertainties include, but are not limited to: future revenues, expenditures, capital
or other funding requirements, the adequacy of the Company's current cash and working capital to fund present and planned
operations and financing needs, and the growth of the Company's business and operations through acquisitions and loss of material
contracts. Additional factors that could cause actual results to differ materially from those expressed or implied in the
forward-looking statements can be found in the most recent current Disclosure Statements available at www.otcmarkets.com. The Company anticipates that subsequent events and
developments may cause their views and expectations to change. The Company assumes no obligation, and they specifically disclaim
any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or
otherwise.
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SOURCE Deep Green Waste & Recycling, Inc.