Consolidated Envirowaste Reports 2008 3rd Quarter Results

Consolidated Envirowaste Industries Inc. (TSX VENTURE:CWD) announced today its
results for the nine months ended June 30, 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 third quarter unaudited financial statements are as follows:




                                Quarters Ended         Nine Months Ended
                         -----------------------  ------------------------
                            June 30,     June 30,     June 30,     June 30,
                               2008         2007         2008         2007
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Revenue                  $6,618,014   $7,124,603  $15,010,593  $17,661,101

Income (loss) before
 income tax recovery        $86,418     $148,447    ($952,039)   ($791,757)
Income (loss) after
 income tax recovery       $240,285     $250,209    ($548,736)   ($431,089)

Earnings (loss) per
 share-basic                  $0.02        $0.02       ($0.05)      ($0.04)
Earnings (loss) per
 share-diluted                $0.02        $0.02       ($0.05)      ($0.04)

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   10,438,032   10,414,699   10,438,032

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The Company recorded third quarter net income of $240,285 or $0.02 per share
(0.02 per share diluted) for the three months ended June 30, 2008 which included
a one time charge of approximately $135,000 after tax related to the refinancing
of all of the Company's Florida subsidiary's long-term debt and capital lease
obligations with a new five-year, fixed rate term loan. This compared to net
income of $250,209 or $0.02 per share ($0.02 per share diluted) for the quarter
ended June 30, 2007. Revenue declined $506,589 or 7% to $6,618,014 for the third
quarter of 2008 compared to $7,124,603 for the third quarter of 2007 of which
approximately $373,000 of the decline related to reductions due to the continued
appreciation of the Canadian Dollar. As in previous quarters of the current
fiscal year, revenues continued to reflect the poor economic conditions in the
Florida region. 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 the challenging economic conditions.


Overall results for the first nine months of fiscal 2008 continue to reflect the
poor results in the first two quarters as the net loss for the nine months ended
June 30, 2008 was $548,736 compared to a net loss of $431,089 for the same
period in 2007. The Company experienced a 15% drop in revenue to $15,010,593 for
the nine months ended June 30, 2008 from $17,661,101 for the nine months ended
June 30, 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 $1,544,000 in the
translation of that operation's U.S. dollar denominated revenue for the first
nine months of 2008 compared to 2007. Rising fuel costs, 28% higher during the
first nine months of 2008 compared to the first nine 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 third quarter cash flows and receipt of an income tax refund
from the U.S. operation's prior year loss brought cash flows from operating
activities after changes in working capital items to $472,168 for the nine
months ended June 30, 2008 compared to the $171,469 provided by operating
activities for the same nine month period last year.


The Company expects the remaining quarter in the current fiscal year to reflect
seasonal operating patters. As in the first nine months, results for the final
quarter will continue to be tempered by the challenging Florida economic
environment and record fuel prices. The Company expects continued pressure on
its operating margins, particularly in its U.S. operations. The Company will
continue to adjust pricing and operations to meet these higher costs and lower
demand for its services throughout the remainder of the 2008 fiscal year. While
there appears to be some improvement on the horizon for the Company's U.S.
operations, it appears that conditions may not improve until well into the 2009
fiscal year.


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.

Douglas R. Halward, President