WRII News: WASTE RECOVERY, INC. (OTC: WRII) Announces That It Is Actively Seeking and Meeting With Gaming Acquisition Partners
WASTE RECOVERY, INC. (PINKSHEETS: WRII) -- DR Entertainment C.E.O. Robert R. Susnar III today announced that the company has been aggressively looking for and meeting with acquisition candidates in the Gaming and Adult Nightclub markets.
"As part of our growth strategy we are focused on growth through acquisition," DR Entertainment C.E.O. Robert R. Susnar III said in an interview today. "We are looking at a few of the smaller chains of gaming taverns as potential targets. Of course a lot will depend on the structure of the individual deal, but if successful we hope to have a firm foothold in the Gaming and Casino market within the year and the acquisition of an established chain would greatly accelerate this process. Acquisition will add top line revenue growth and be exceedingly helpful to investors." As clarification of an earlier press release the company has engaged council as the first step in the gaming application process to lay the ground work for their entry into casino gaming.
DR Entertainment is in the business of owning and operating upscale bars, nightclubs, Gentlemen's Clubs, and gaming taverns. DR Entertainment Group, LLC is here to create a new niche in the twenty-first century bar, night club, and adult entertainment industry. The niche will be created through blending contemporary lounges, tavern gaming, and adult cabaret dancing with luxurious ultra lounge environments using cutting edge technology.
The company currently owns and operates MINXX Gentlemen's Club which has been voted the number one adult club in Las Vegas for 2007. The MINXX Gentlemen's Club represents the first step to executing on this business model. The company constructed this facility from the ground up and owns the real-estate associated with the project. This $12,000,000.00 asset serves as the flag ship and conceptual model for the locations to come. Located just off the Las Vegas Strip, MINXX has created a playful, friendly, exciting and opulent atmosphere that is appealing to men and women alike. With its high concept design and 13,000 square feet of entertainment space, MINXX has raised the bar for cabaret entertainment. DE Entertainment intends to apply the same design and operational concepts to elevating the traditional experiences associated with Sports Bars and Local Gaming Taverns to a more exciting and comfortable level.
About Waste Recovery, Inc.
Waste Recovery, Inc. is a development stage corporation which has now merged with DR Entertainment Group of Las Vegas, NV, the owners of MINXX Gentlemen's Club.
For more information available to the public, contact the investor relations dept. at 702-220-9416.
About DR Entertainment Group
DR Entertainment Group is the parent company of the world famous MINXX Gentlemen's Club in Las Vegas, NV. This is a 10,500 square foot adult entertainment club including building and real estate assets estimated at approximately $12,000,000.00 USD.
Forward-Looking Statements
This news release contains forward-looking statements made by WASTE RECOVERY, INC. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.
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