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As a publicly owned and traded corporation, Waste Management is <br /> subject to report and prepare all financial information in accordance with <br /> Securities and Exchange Commission requirements. Waste Management <br /> has approximately 73,000 shareholders of record and an estimated 285,000 <br /> "street name" holders whose shares are traded on international stock <br /> exchanges. Waste Management, Inc. shares are traded on the New York, <br /> Toronto, London, Tokyo, Australian, Zurich, Geneva, Basle, Frankfurt and <br /> Midwest stock exchanges. <br /> Waste Management's financial strength and security is appraised highly <br /> among major rating companies. The Company is rated A-1 by Moody's <br /> Investors Service and AA by the Standard& Poor's Corporation. Over the <br /> years, the Company has set aside considerable reserve funds for future and <br /> potential liabilities. <br /> Waste Management has the financial strength and expertise to perform <br /> to proposed contract specification. It is the Company's belief that the <br /> financial capabilities and documents filed with the government provide <br /> verification that Waste Management, Inc. has sufficient working capital, or <br /> access to sufficient working capital, to finance and perform the required <br /> work. <br /> 3. Recycle America®/Recycle Canada® <br /> Successful residential curbside recycling programs require careful planning, <br /> efficient implementation,effective marketing and professional management.Today, <br /> Recycle America® is the nation's leading and most successful recycling program <br /> for residential as well as commercial customers. <br /> In 1991, Waste Management provided curbside residential recycling services <br /> to more than 5 million households in more than 600 communities. Recycle <br /> America® and Recycle Canada® also collected recyclables from more than 40,000 <br /> businesses. During 1991, Recycle America® processed 1.8 million tons of material <br /> for recycling and composting, an increase of 77 percent over 1990. <br /> Recycle America® curbside collection services utilize specially designed <br /> 11 <br />