LOS ANGELES, CA, (NAMC) - It looks like a reverse stock split is on the way for Waste Services, Inc. (NASDAQ:WSII) , as the company has public stated that they will be proposing this to their board for approval at its annual meeting of shareholders scheduled for June 26, 2006.

The split to be proposed is one common share for three shares of common stock, this would reduce the current outstanding shares by 66%, there are currently 103,415,600 shares of common stock outstanding. If approved, the reverse stock split will affect all Waste Services common stock, options and warrants. A preliminary proxy statement for this meeting has been filed with the Securities and Exchange Commission.

David Kingston
Business News Correspondent
NAMC Newswire
www.namcnewswire.com

Click here for your free subscription to Wall Street to Main Street from the NAMC Newswire, delivered to investors daily. www.namcnewswire.com

This article can be republished either online or in print as long as credit is given to the author and the NAMC Newswire.
 
NAMC Newswire articles can now be listened to on StreetIQ.com
http://www.streetiq.com/dir/NAMC.shtml

To keep up to date with companies that we report on just register to receive the FREE Wall Street to Main Street Daily Newsletter. We feature companies that trade on the NYSE, AMEX, NASDAQ, OTCBB and Overseas, Keeping our readers informed daily. Just go to our site and register, it’s simple and free, www.namcnewswire.com/newsletter . Also be sure to visit the NAMC radio at www.namcnewswire.com/namcradio for the latest reports, interviews and corporate updates featured on the NAMC Newswire.