WOODINVILLE, WA -- Deep Green Waste & Recycling, Inc. (OTC PINK: DGWR) issued the following shareholder update letter from Lloyd Spencer, President and CEO of the Company.
To our valued Shareholders:
As President and CEO of Deep Green Waste & Recycling, I want to thank you for your continued patience and support. This shareholder update will summarize our progress to date and our plans for the coming years.
In March 2020, the Company filed an S-1 registration statement, brought the company current with the Securities and Exchange Commission, and attracted an initial investment to launch the company in earnest.
In August 2020, the Company signed a Letter of Intent (LOI) to acquire the assets of Amwaste, Inc., a commercial waste and debris disposal services company serving the Golden Isles region of coastal Georgia.
In February 2021, the Company completed the asset acquisition, and began operating the commercial waste and debris disposal services business through a wholly owned subsidiary that is doing business as Amwaste in Brunswick, Georgia. Amwaste has already grown its customer base by over 10% and now has over 150 customers.
In April 2021 the Company applied to OTC Markets to be listed on the OTCQB market tier. The OTCQB is the mid-tier OTC equity market, which lists primarily early-stage and developing companies in the U.S. and international markets. OTCQB companies must meet certain minimum reporting standards, pass a bid test, and undergo annual verification. As well, existing investors benefit from greater liquidity and reduced costs incurred in trading shares.
To further grow its business, the Company plans to:
- acquire multiple profitable waste and remediation services companies in the Southeast United States
- grow Amwaste by expanding the customer base and acquiring assets that will help grow business
- attract investment funds who can help the Company achieve these goals
In closing, I want to thank our Shareholders for their continued support, and we look forward to reporting our progress to our Shareholders as we continue to grow the Company.
President and CEO
About Deep Green Waste & Recycling, Inc.
Deep Green Waste & Recycling, Inc. (OTC PINK: DGWR) is reestablishing itself as a profitable 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. For more information, visit: https://DeepGreenWaste.com.
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.