Consolidated Envirowaste Reports 2007 3rd Quarter Results

Consolidated Envirowaste Industries Inc. (TSX VENTURE:CWD) announced today its
results for the nine months ended June 30, 2007. A complete copy of the
Company's unaudited interim financial statements and accompanying management's
discussion and analysis is available on SEDAR at www.sedar.com. Excerpts from
the third quarter unaudited financial statements are as follows:




                        Quarters Ended              Nine Months Ended
                ----------------------------  ----------------------------
                June 30, 2007  June 30, 2006  June 30, 2007  June 30, 2006
--------------------------------------------------------------------------
Revenue         $   7,124,603  $   8,291,398  $  17,661,101  $  24,737,669

Income (loss)
 before income
 taxes          $     148,447  $     322,480      ($791,757) $   2,343,830
Income (loss)
 after income
 taxes          $     250,209  $     331,366      ($431,089) $   1,395,712

Earnings (loss)
 per share-
 basic          $        0.02  $        0.03         ($0.04) $        0.13
Earnings (loss)
 per share-
 diluted        $        0.02  $        0.03         ($0.04) $        0.13

Weighted
 average common
 shares
 outstanding-
 basic             10,414,699     10,387,941     10,414,699     10,372,446
Weighted
 average common
 shares
 outstanding-
 diluted           10,438,032     10,576,418     10,438,032     10,560,923

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The Company recorded third quarter net earnings of $250,209 or $0.02 per share
($0.02 per share diluted) for the three months ended June 30, 2007. This
compared to net income of $331,366 or $0.03 per share ($0.03 per share diluted)
for the three months ended June 30, 2006. The Company's third quarter results
continue to reflect the experiences of the first two quarters of fiscal 2007, as
the Florida region record drought conditions and economic slowdown that began in
the third quarter of fiscal 2006 affected all aspects of our operating results
for the quarter. The Company's primary source of revenue-tipping and processing
fees declined 22% reducing overall revenue by 14% or $1,166,795 from $8,291,398
for the three months ended June 30, 2006 to $7,124,603 for the quarter ended
June 30, 2007. The combination of extremely dry conditions and excess production
capacity in the Florida unit offset high seasonal activity in the Canadian
operations, reducing operating margins by 1% compared to the third quarter of
fiscal 2006 as the Company adjusted its operations to meet lower demand.


Revenue for the first nine months of fiscal 2007 fell nearly $7.1 million or 29%
to $17,661,101 compared to revenues of $24,737,669 for the comparable period of
2006 reflecting the influence of lower revenues in the Company's Florida unit
during period. The resulting reduction in margins caused the Company to record a
net loss of $431,089 or $0.04 per share ($0.04 per share diluted) for the nine
months ended June 30, 2007 compared to net income of $1,395,712 for the nine
months ended June 30, 2006.


The change in activity levels and loss of contribution margin from the Florida
unit's storm debris clean-up and robust economic conditions that prevailed
during the first three quarters of fiscal 2006, reflect the changes in cash
flows derived from operating activities in the comparable quarters. Cash flows
provided by operating activities for the three months ended June 30, 2007 were
$613,735 compared to $2,226,669 provided by operating activities for the same
quarter of fiscal 2006. This change in operating activities is also prevalent in
the Company's cash flows provided by operating activities for the nine months
ended June 30, 2007 as cash flows provided by operating activities were $171,469
compared to cash flows generated from operating activities of $3,744,021 for the
nine months ended June 30, 2006.


As previously announced, the Company restated its Consolidated Balance Sheet and
its Consolidated Statement of Cash Flows for the 2005 fiscal year to correct
certain errors in those financial statements which were identified during the
course of the audit of the 2006 annual financial statements. As the ensuing
quarterly statements were prepared on the same basis as the 2005 annual
financial statements, they contained similar errors. Accordingly, the Company
has restated the third quarter comparative financial statements for the three
and nine months ended June 30, 2006 in the preparation of the financial
statements for the nine months ended June 30, 2007.


The Company expects the fourth quarter to reflect seasonal operating patterns.
Billable tonnage and revenues derived from the U.S. operations will continue to
be affected by drought conditions and the state of the U.S. housing sector into
the fourth quarter. It is unclear at this time how weather patterns will affect
our fourth quarter operating levels and results. It also appears that the
Canadian dollar will remain at or near present levels during the fourth quarter.
The Company will continue to monitor activity and adjust its operations to meet
anticipated demand in the final quarter of this fiscal year.


The Company also wishes to announce it has, through its Florida subsidiary,
renewed a significant green waste processing contract with a local Florida
county for a term of seven years under terms and conditions satisfactory to both
parties.


Consolidated Envirowaste Industries Inc. is a leading processor of wood and
other organic wastes in Western Canada and Florida. The Company markets and
supplies biomass boiler fuel for electric generation facilities, charcoal
manufacturers and pulp and paper mills in the U.S., bulk landscaping products in
both of these regions, and packaged soil products to major Western Canadian
retailers.


Forward-Looking Statements This report contains statements that are
forward-looking in nature. Readers are cautioned that such forward-looking
statements are not guarantees and may involve known and unknown risks and
uncertainties that could cause the actual results of the Company to be
materially different from those expressed or implied by those forward-looking
statements. Such risks include, among others: general economic and business
conditions, weather factors, competition, product selling prices, the cost and
availability of raw materials, operating costs, changes in foreign currency
exchange rates, dependence on contracts, the regulatory environment,
seasonality, risk of liability for environmental damage, risks associated with
litigation, and concentration of shareholder control. For a fuller description
of those risks, please see the sections headed "Critical Accounting Estimates"
and "Risk Factors" in management's discussion and analysis for the three months
ended December 31, 2006, a copy of which is available under the Company's name
on SEDAR at www.sedar.com.


Consolidated Envirowaste Industries Inc.

James E. Darby, Chairman and Chief Executive Officer