Consolidated Envirowaste Reports 2008 2nd Quarter Results

Consolidated Envirowaste Industries Inc. (TSX VENTURE:CWD) announced today its
results for the six months ended March 31, 2008. 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 second quarter unaudited financial statements are as follows:




                               Quarters Ended           Six Months Ended
                         -----------------------   -----------------------
                           March 31,    March 31,    March 31,    March 31,
                               2008         2007         2008         2007
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Revenue                  $4,585,292   $5,690,323   $8,392,579  $10,536,498

Loss before income
 tax recovery             ($243,562)   ($370,263) ($1,038,457)   ($940,204)
Loss after income
 tax recovery             ($160,836)   ($262,880)   ($789,021)   ($681,298)

Loss per share-basic         ($0.02)      ($0.03)      ($0.08)      ($0.07)
Earnings (loss) per
 share-diluted               ($0.02)      ($0.03)      ($0.08)      ($0.07)

Weighted average
 common shares
 outstanding-basic       10,414,699   10,414,699   10,414,699   10,414,699
Weighted average
 common shares
 outstanding-diluted     10,414,699   10,440,413   10,414,699   10,440,413

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The Company recorded a second quarter loss of $160,836 or $0.02 per share (0.02
per share diluted) for the three months ended March 31, 2008. This compared to a
net loss of $262,880 or $0.03 per share ($0.03 per share diluted) for the
quarter ended March 31, 2007. Revenue declined $1,105,031 or 19% to $4,585,292
for the second quarter of 2008 compared to $5,690,323 for the second quarter of
2007. Revenues were impacted by the upward trend in the Canadian dollar and the
continuing poor economic conditions in the Florida housing market. Rising fuel
prices pressured operating margins during the quarter, continuing a trend over
the past several months, while the Company made pricing and operational
adjustments to meet these new economic realities.


Overall results for the first six months of fiscal 2008 continue to reflect the
poor results in the first quarter as the net loss for the six months ended March
31, 2008 was $789,021 compared to a net loss of $681,298 for the same period in
2007. The Company experienced a 20% drop in revenue to $8,392,579 for the six
months ended March 31, 2008 from $10,536,498 for the six months ended March 31,
2007. Revenue declines in the Florida based operation, affected by the U.S.
economic slowdown, were responsible for this decline as the Company also
experienced a loss in comparable revenue of approximately $1,150,000 in the
translation of that operation's U.S. dollar denominated revenue for the first
six months of 2008 compared to 2007. Rising fuel costs, 31% higher during the
first six months of 2008 compared to the first six months of 2007, continued to
exert pressure on operating margins as the Company made pricing and operational
adjustments to moderate the effects of these costs increases. Improvements in
second quarter cash flows brought cash flows from operating activities after
changes in working capital items to near breakeven for the six months ended
March 31, 2008 compared to the $400,000 used in operating activities for the
same six month period last year.


Recent record fuel prices are expected to continue to impact the Company's
operating results for the upcoming quarter and remainder of this fiscal year.
Although there are signs that better prospects are on the horizon in the
Company's Florida market, improved conditions are expected to be extremely slow
to develop. Abnormally cold temperatures in the some of the Company's Canadian
markets at the onset of this third quarter may also affect total sales during
the peak spring growing season.


The Company expects the current downward trend in revenues and operating results
to continue throughout the 2008 fiscal year while it adjusts its operations to
meet 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