Consolidated Envirowaste Reports 2007 Annual Results

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




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September 30                                             2007          2006
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Total Revenues                                    $22,358,945   $29,951,147
Net income (loss) from continuing operations        ($871,671)  $   985,132
Earnings (loss) per share-basic                        ($0.08)  $      0.09
Earnings (loss) per share-diluted                      ($0.08)  $      0.09
Net income (loss) for the year                      ($871,671)  $   985,132
Earnings (loss) per share-basic                        ($0.08)  $      0.09
Earnings (loss) per share-diluted                      ($0.08)  $      0.09
Weighted average number of common shares
 outstanding-basic                                 10,414,699    10,383,096
Weighted average number of common shares
 outstanding-diluted                               10,414,699    10,576,148

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The Company recorded a net loss of $871,671 or $0.08 per share ($0.08 per share
diluted) for the year ended September 30, 2007 compared to net income of
$985,132 or $0.09 per share ($0.09 per share diluted) for the year ended
September 30, 2006.


Record drought conditions in the Florida region and the economic slowdown that
began in the third quarter of fiscal 2006 affected all aspects of our operating
results for the year. Tipping and processing fees, which are the Company's
primary source of revenue, declined by 30% or $7,618,267, reducing overall
revenue by 25% or $7,592,202 from $29,951,147 for the year ended September 30,
2006 to $22,358,945 for the year ended September 30, 2007. The combination of
extremely dry conditions and excess production capacity in our U.S. operations
offset slight improvements in the Canadian operations, reducing operating
margins by 8% compared to fiscal 2006 as the Company adjusted its U.S.
operations to meet lower demand.


The Company recorded a net loss after income taxes of $440,582, or $0.04 per
share ($0.04 per share diluted) for the fourth quarter of 2007, compared to a
net loss after income taxes of $410,580, or $0.04 per share ($0.04 per share
diluted) for the same quarter of 2006.


Revenue for the quarter, at $4,697,844, was down approximately 10% from
$5,213,478 reported in the fourth quarter of 2006. The majority of these
revenues in both periods were derived from the operations of the Company's
Florida-based subsidiary, Consolidated Resource Recovery Inc. ("CRR Florida").
As in earlier quarters of 2007, the economic slowdown and drought conditions
affecting CRR Florida's revenues continued to influence consolidated revenues as
CRR Florida's revenue declined 6% in terms of U.S. funds. This, combined with
the Canadian dollar's move to parity with the U.S. dollar towards the end of the
2007 fourth quarter, produced a drop in our U.S. operations' revenue in terms of
Canadian funds for the quarter of approximately 12% compared to the fourth
quarter of 2006. Meanwhile, the Canadian operations experienced a 15% revenue
increase in the fourth quarter compared to the fourth quarter of 2006 as the
late Canadian West Coast growing season caused by earlier inclement weather
extended into the fourth quarter of 2007.


The Company expects the current downward trend in revenues and operating results
to continue into the 2008 fiscal year while it adjusts its operations to meet
the downturn in economic conditions in the U.S. Southeast. In the anticipated
absence of severe weather patterns experienced during the past two to three
years, the Company expects operating results to mirror seasonal trends
experienced earlier in the decade.


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 year ended
September 30, 2007, 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