Meridian Waste Solutions, Inc. Completes Reverse Split 1:20

“A New direction as a Waste Industry Solutions Company”

MILTON, GA / ACCESSWIRE / November 3, 2016 / Meridian Waste Solutions, Inc., (OTCQB: MRDN) (“Meridian” or the “Company”), a vertically-integrated solid waste company, announced today that the reverse stock split of the Company’s issued and outstanding common stock at a ratio of one for 20 (1:20) became effective today, and began trading on a post-split basis at the open of trading on Thursday November 3, 2016.

The reverse stock split is being implemented by the Company in connection with its application to up-list the Company’s common stock on the NASDAQ Capital Market (“NASDAQ”) and is intended to fulfill the stock price requirements for listing on NASDAQ, which include, among other things, that the Company’s common stock maintain a minimum closing price per share of $4.00 or higher for 30 of the most recent 60 trading days; however, there is no assurance that the application to up-list the Company’s common stock on NASDAQ will be approved.

Jeffrey S. Cosman, Meridian’s CEO commented: “The reverse split represents a significant milestone for Meridian, as we approach our goal of having the Company’s common stock listed on the NASDAQ Capital Market, which would attract a broader audience of informed investors. With our vertically integrated operations in St. Louis, Missouri, our future growth plans in several markets around the country, and an upcoming capital raise, we look forward to generating more value for our investors.”

The Company’s common stock began trading on a post-split basis at the open of trading today under a new CUSIP number, 58985L209. For the following 20 trading days the Company’s ticker symbol will be MRDND. After that time, the Company’s ticker symbol will once again be MRDN.

As a result of the 1-for-20 reverse stock split, every 20 shares of the Company’s issued and outstanding common stock will be converted into one share of issued and outstanding common stock. The number of authorized shares will remain unchanged. No fractional shares will be issued in connection with the stock split. Any fractional shares of common stock resulting from the reverse stock split will be rounded up to the nearest whole share. It is not necessary for stockholders to exchange their existing stock certificates for new stock certificates in connection with the reverse stock split. Stockholders who hold their shares in brokerage accounts are not required to take any action to exchange their shares.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

ABOUT MERIDIAN WASTE SOLUTIONS, INC is a company focused on solutions in the waste industry. Currently, the Company operates in St. Louis, MO as Meridian Waste Services, which serves over 65,000 residential, commercial and temporary customers in the St. Louis, MO market. In addition to a fleet of commercial, residential and temporary roll off trucks, the Company operates three transfer stations and one municipal solid waste landfill. Meridian is focused on providing unparalleled customer service in the form of long-term and short-term contracts.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve certain risks and uncertainties. The actual results or outcomes of Meridian Waste Solutions, Inc. may differ materially from those anticipated. Although Meridian Waste Solutions, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any such assumptions could prove to be inaccurate. Therefore, Meridian Waste Solutions, Inc. can provide no assurance that any of the forward-looking statements contained in this press release will prove to be accurate.

In light of the significant uncertainties and risks inherent in the forward-looking statements included in this press release, such information should not be regarded as a representation by Meridian Waste Solutions, Inc. that its objectives or plans will be achieved. Included in these uncertainties and risks are, among other things, fluctuations in operating results, general economic conditions, uncertainty regarding the results of certain legal proceedings and competition. Forward-looking statements consist of statements other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as “may,” “intend,” “expect,” “will,” “anticipate,” “estimate” or “continue” or the negatives thereof or other variations thereon or comparable terminology. Because they are forward-looking, such statements should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Meridian Waste Solutions, Inc.’s most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled “Risk Factors.” Meridian Waste Solutions, Inc. does not undertake an obligation to update publicly any of its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:

ir@meridianwastesolutions.com

SOURCE: Meridian Waste Solutions, Inc.

ReleaseID: 448309