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Published: January 30 2015

ST. PETERSBURG, FL-- ProMed Waste Solutions LLC, a comprehensive medical waste disposal company servicing the entire state of Florida, announced today that it has closed a multi-million dollar private equity financing from new investors.

Proceeds from the financing will be used to continue the company's rapid expansion and acquisition of market share in Florida's growing medical waste collection, processing and disposal industry.

"This financing provides ProMed with the means to meet the significant demand for its services in the Florida marketplace, and we thank our investors for their confidence in the company," said Paul E. Reddish, President. "In an industry traditionally dominated by medical waste giants, we are proud to provide customers in Florida with a local, qualified and affordable alternative to better meet their growing needs."

ProMed Waste Solutions LLC was founded in 2011 with operations in the Orlando area, and steady demand has since expanded their services state-wide. The privately held company is headquartered in St. Petersburg, FL, with additional operation facilities outside Miami and outside Orlando. ProMed provides services to a wide-array of medical waste generators including hospitals, doctors, dentists, veterinarians, research labs, and surgery centers. The company also offers services for the disposal of hazardous waste, pharmaceutical waste, e-waste and solid waste.

Thomas Wanderon of Tax & Financial Strategists, LLC in Bonita Springs, FL assisted in facilitating this transaction.