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Swisher Hygiene Sells Waste Collection Business



Swisher Hygiene Sells Waste Collection Business

Pays Senior Credit Facility and Equipment Financing in Full

CHARLOTTE, N.C., Nov. 16, 2012 (GLOBE NEWSWIRE) -- Swisher Hygiene Inc.
("Swisher Hygiene") (Nasdaq:SWSH) (TSX:SWI), a leading provider of essential
hygiene and sanitation products and services, today announced that it has
completed the sale of its Choice Environmental Services subsidiary ("Choice")
to Waste Services of Florida, Inc., a subsidiary of Progressive Waste
Solutions Ltd., for approximately $123.3 million in cash. Under the terms of
the agreement, the purchase price can be increased by up to $1.75 million upon
achievement of a predetermined revenue target and is also subject to customary
purchase price adjustments, including revenue and EBITDA metrics. Ten percent
of the purchase price is subject to a holdback and adjustment upon the
delivery of audited financial statements to the buyer.

"We have been pleased with the operations of our Choice subsidiary over the
past year and a half and we will miss having the Choice team as a part of the
Swisher Hygiene family," said Thomas Byrne, Interim President and Chief
Executive Officer of Swisher Hygiene. "However, during this period we
determined that we could provide our customers with the same benefits through
a less capital intensive, more cost-effective approach by partnering with
other service providers to cross-sell waste services on a national scale. In
the meantime, we remain dedicated to serving our customers nationwide on a
day-to-day basis with our comprehensive core chemical program as well as our
complementary hygiene and sanitation services."

In conjunction with the closing of the transaction, Swisher Hygiene will pay
off its Wells Fargo credit facility for $17.2 million, as well as equipment
leases associated with the operations of Choice totaling $13.2 million and an
outstanding note in the amount of $2 million. After these payments, Swisher
Hygiene's remaining debt will be approximately $13 million, consisting
primarily of seller notes. The remainder of the proceeds from the sale will
provide Swisher Hygiene with financial flexibility and support in executing
Swisher Hygiene's full-service strategy.

Choice has been in business since 2004 and serves more than 150,000
residential and 7,500 commercial customers in the Southeastern, Southwestern
and Central Florida regions through its 320 employees and over 150 collection
vehicles by offering a complete range of solid waste and recycling collection,
transportation, processing and disposal services. Choice operates six hauling
operations, three transfer and materials recovery facilities and annually
processes more than 150,000 tons of material. 

Cautionary Statement on Forward-Looking Information

All statements other than statements of historical fact contained in this
press release constitute "forward-looking information" or "forward-looking
statements" within the meaning of the U.S. federal securities laws and the
Securities Act (Ontario) and are based on the expectations, estimates and
projections of management as of the date of this press release, unless
otherwise stated. All statements other than historical facts are, or may be,
deemed to be forward looking statements. The words "plans," "expects," "is
expected," "scheduled," "estimates," or "believes," or similar words or
variations of such words and phrases or statements that certain actions,
events or results "may," "could," "would," "might," or "will be taken,"
"occur," and similar expressions identify forward-looking statements.

Forward-looking statements are necessarily based upon a number of estimates
and assumptions that, while considered reasonable by Swisher Hygiene as of the
date of such statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. The estimates and
assumptions of Swisher Hygiene contained in this press release, which may
prove to be incorrect, include but are not limited to, the various assumptions
set forth herein. All of these assumptions have been derived from information
currently available to Swisher Hygiene including information obtained by
Swisher Hygiene from third-party sources. These assumptions may prove to be
incorrect in whole or in part. All of the forward-looking statements made in
this press release are qualified by the above cautionary statements and those
made in the "Risk Factors" section of Swisher Hygiene's Annual Report on Form
10-K for the year ended December 31, 2010 and its Quarterly Report on Form
10-Q for the quarter ended June 30, 2011, both filed with the Securities and
Exchange Commission, available on www.sec.gov, and with Canadian securities
regulators available on Swisher Hygiene's SEDAR profile at www.sedar.com, and
Swisher Hygiene's other filings with the Securities and Exchange Commission
and with Canadian securities regulators available on Swisher Hygiene's SEDAR
profile at www.sedar.com. The forward-looking information set forth in this
press release is subject to various assumptions, risks, uncertainties and
other factors that are difficult to predict and which could cause actual
results to differ materially from those expressed or implied in the
forward-looking information. Swisher Hygiene disclaims any intention or
obligation to update or revise any forward-looking statements to reflect
subsequent events and circumstances, except to the extent required by
applicable law.

About Swisher Hygiene Inc.

Swisher Hygiene Inc. is a NASDAQ and TSX listed company that provides
essential hygiene and sanitation solutions to customers throughout much of
North America and internationally through its global network of company-owned
operations, franchises and master licensees operating in countries across
Europe and Asia. These essential solutions include cleaning and sanitizing
chemicals, foodservice and laundry products, restroom hygiene programs and a
full range of related products and services. This broad set of offerings is
designed to promote superior cleanliness and sanitation in all commercial
environments, enhancing the safety, satisfaction and well-being of employees
and patrons. Swisher Hygiene's customers include a wide range of commercial
enterprises, with a particular emphasis on the foodservice, hospitality,
retail, industrial and healthcare industries.

CONTACT: Swisher Hygiene Inc.
        
         Investor Contact:
         Amy Simpson
         Phone: (704) 602-7116
        
         Garrett Edson, ICR
         Phone: (203) 682-8331
        
         Media Contact:
         Alecia Pulman, ICR
         Phone: (203) 682-8224
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