Swisher Hygiene Announces Results for the Three Months and Year Ended December 31, 2012

Swisher Hygiene Announces Results for the Three Months and Year Ended December
31, 2012

CHARLOTTE, N.C., May 1, 2013 (GLOBE NEWSWIRE) -- Swisher Hygiene Inc.
("Swisher Hygiene") (Nasdaq:SWSH) (TSX:SWI), a leading provider of essential
hygiene and sanitizing products and services, announced today fourth quarter
and full year results, as well as the filing of its Form 10-K, for the period
ended December 31, 2012. All amounts in this news release are in United States
dollars.

Fourth Quarter 2012 Highlights

  *The Waste segment, which was sold on November 15, 2012, is reported as
    discontinued operations for 2012.
  *Total revenue from continuing operations of $53.2 million for the fourth
    quarter of 2012, a 4% decrease compared to the fourth quarter of 2011.
    Hygiene revenue from company-owned operations for the fourth quarter of
    2012, excluding acquisitions, decreased 7% compared to the fourth quarter
    of 2011.
  *Adjusted EBITDA loss of $5.3 million for the fourth quarter of 2012, based
    on a net loss from continuing operations before income taxes of $16.6
    million, and compared to an Adjusted EBITDA loss of $6.5 million for the
    fourth quarter of 2011. For a reconciliation of non-GAAP to GAAP measures,
    please review the disclosures and table included with this release.
  *Basic and diluted loss per share from continuing operations of $0.20 for
    the fourth quarter of 2012, compared to basic and diluted loss per share
    from continuing operations of $0.05 in the fourth quarter of 2011.

"With today's release and the filing of our 10-K, we will have completed the
restatement process and our 2012 public reporting obligations," said Thomas
Byrne, President and Chief Executive Officer of Swisher Hygiene."We again
thank our shareholders for their patience and continued support over the past
year."

"Our fourth quarter 2012 results were affected by the investigation and review
process that was completed in February 2013, which impacted our top line
growth and bottom line results," continued Mr. Byrne."As a result of the
overall process, we lost a couple of large accounts, from which we will
continue to see effects in the first half of 2013.However, we are encouraged
by the renewed interest we have seen in our corporate account and distributor
programs during the first quarter of 2013, and we will continue to expand our
field cross-selling programs while emphasizing customer service, retention and
new customer acquisition.Additionally, we continue to simplify and
standardize operations, which is enhancing our customer service and allowing
us to further eliminate costs and improve cash flow."

"Also during the fourth quarter, we sold our water treatment operation we had
previously acquired as part of our acquisition of Mount Hood Solutions, to
U.S. Water Services (USWS).As part of the sale, we are now working with USWS
to jointly market our complementary services.Similar to our sale of Choice,
while we were very pleased with the performance of this entity, we believe a
less capital intensive approach to providing these services makes more sense
for our customers, who will still be able to enjoy the benefits of this
service on a national scale," concluded Mr. Byrne.

Fourth Quarter 2012 Results

For the three months ended December 31, 2012, Swisher Hygiene reported total
revenue from continuing operations of $53.2 million, a 4% decrease from $55.7
million in the three months ended December 31, 2011. Hygiene revenue from
company-owned operations, excluding acquisitions, decreased 7% compared to the
three months ended December 31, 2011.

Total costs and expenses for the three months ended December 31, 2012
decreased 3% to $67.9 million, compared to $69.8 million in the three months
ended December 31, 2011.Excluding the impact of acquisition and merger
expenses, and $2.5 million of investigation and review-related expenses in the
three months ended December 31, 2012, total costs and expenses increased 1%
compared to the three months ended December 31, 2011.

For the three months ended December 31, 2012 and 2011, respectively:

                                                              Q4 2012 Q4 2011
Cost of sales as a % of revenue                               44.7%   45.3%
Route expense as a % of revenue                                20.3%   20.1%
SG&A expense as a % of revenue                                 52.4%   49.8%
SG&A expense (excludinginvestigation and                      47.6%   49.8%
review-relatedexpenses) as a % of revenue

The decrease in cost of sales as a percentage of revenue primarily reflects
the positive effects of Swisher Hygiene's manufacturing and supply chain
initiatives, partially offset by a change in sales mix towards the chemical
product line. Route expense as a percentage of revenue was essentially
comparable from the prior-year period.SG&A as a percentage of revenue
(excluding investigation and review-related expenses) declined primarily due
to cost savings initiatives and was partially offset by a one-time accrual fee
of $0.5 million attributable to the sale of Waste in the fourth quarter of
2012.

Net loss from continuing operations before income taxes for the three months
ended December 31, 2012 was $16.6 million, compared to net loss from
continuing operations before income taxes of $14.7 million in the three months
ended December 31, 2011.

Adjusted EBITDA loss for the three months ended December 31, 2012 was $5.3
million, compared to an Adjusted EBITDA loss of $6.5 million in the three
months ended December 31, 2011.

Full Year 2012 Results

For the full year ended December 31, 2012, Swisher Hygiene reported total
revenue from continuing operations of $230.5 million, a 44% increase from
$160.6 million in the full year 2011.Hygiene revenue from company-owned
operations for the full year 2012, excluding acquisitions, increased 11%
compared to the prior year.

Total costs and expenses for the full year ended December 31, 2012 increased
by 48% to $289.5 million, compared to $195.2 million in the full year
2011.Excluding the impact of acquisition and merger expenses, and $18.9
million of investigation and review-related expenses for the full year ended
December 31, 2012, and the gain from bargain purchase in 2011, total costs and
expenses increased 34% compared to the full year 2011.

For the full years ended December 31, 2012 and 2011, respectively:

                                                                FY2012 FY2011
Cost of sales as a % of revenue                                 44.2%  42.3%
Route expense as a % of revenue                                  18.4%  20.7%
SG&A expense as a % of revenue                                   53.5%  49.5%
SG&A expense (excluding investigation and review-related         45.3%  49.5%
expenses) as a % of revenue

The increase in cost of sales as a percentage of revenue primarily reflects a
change in sales mix towards the chemical product line and entering the
wholesale chemical business through Swisher Hygiene's acquisitions of Daley
International, Cavalier and Kitter, while the favorable change in route
expense as a percentage of revenue reflects economies of scale realized
through route consolidation initiatives. SG&A as a percentage of revenue
(excluding investigation and review-related expenses) declined primarily due
to cost savings initiatives.

Net loss from continuing operations before income taxes for the full year
ended December 31, 2012 was $62.0 million, compared to net loss from
continuing operations before income taxes of $41.3 million for the full year
2011.

Adjusted EBITDA loss for the full year ended December 31, 2012 was $12.6
million, compared to an Adjusted EBITDA loss of $14.8 million for the full
year 2011.

Appointment of Chief Accounting Officer

Swisher Hygiene also announced effective today that Linda Wilson-Ingram was
appointed Vice President, Corporate Controller and Chief Accounting Officer of
Swisher Hygiene Inc.Ms. Wilson-Ingram, 50, previously served as Vice
President and Corporate Controller of Swisher Hygiene since December 4, 2012.
Before joining Swisher Hygiene, Ms. Wilson-Ingram served as Vice President of
Finance – Merchandising Displays Division of Rock-Tenn Company, a leading
integrated manufacturer of corrugated and consumer packaging, from 2009 to
2012. Prior to that, Ms. Wilson-Ingram held numerous positions from 1989 to
2008 with Springs Global US Inc., formerly Springs Industries, Inc., a leading
bed and bath home fashion product company, including Vice President of
Financial Planning, Analysis and Budgeting, Vice President of External
Financial Reporting, Owen Manufacturing Blanket Division Chief Financial
Officer, Vice President of Internal Audit, Bedding Division Controller, Bath
Division Assistant Controller, Director of External Reporting and Audit
Supervisor.

Cash and Capital Resources

As of December 31, 2012, Swisher Hygiene had $66.8 million of cash on its
balance sheet and approximately $14.4 million in outstanding debt.

Conference Call

Swisher Hygiene will host a conference call to discuss fourth quarter 2012
results this afternoon at 4:30 PM Eastern Time.

The conference call can be accessed over the phone by dialing 1-855-541-0980
or for international callers by dialing 1-970-315-0440; please dial-in 10
minutes before the start of the call.A replay will be available two hours
after the call and can be accessed by dialing 1-855-859-2056 or for
international callers by dialing 1-404-537-3406; the conference ID is
52789250.The replay will be available until Wednesday, May 8, 2013.

In order to access the live webcast, please go to the Investors section of
Swisher Hygiene's website at http://www.swisherhygiene.com and click on the
webcast link that will be made available. A replay will be available shortly
after the original webcast.

Non-GAAP Financial Measures

This press release and the attached financial tables contain certain non-GAAP
financial measures.In addition to net income determined in accordance with
GAAP, we use certain non-GAAP measures such as "Adjusted EBITDA" in assessing
Swisher Hygiene's operating performance. Swisher Hygiene believes this
non-GAAP measure serves as an appropriate measure to be used in evaluating the
performance of its business.

Swisher Hygiene defines Adjusted EBITDA as net loss excluding the impact of
income taxes, depreciation and amortization expense, investigation and review
related expenses, net interest expense, foreign currency gain or loss and
other income, net change on debt related fair value measurements, stock based
compensation, severance, third party costs directly related to merger and
acquisitions including the debt prepayment penalty, and a gain from bargain
purchase related to mergers and acquisitions.

Swisher Hygiene presents Adjusted EBITDA because the company considers it an
important supplemental measure of its operating performance and believes it is
frequently used by securities analysts, investors and other interested parties
in the evaluation of its results. Management uses this non-GAAP financial
measure frequently in its decision-making because it provides supplemental
information that facilitates internal comparisons to the historical operating
performance of prior periods and gives an additional indication of Swisher
Hygiene's core operating performance. Swisher Hygiene includes this non-GAAP
financial measure in its earnings announcement in order to provide
transparency to its investors and enable investors to better compare its
operating performance with the operating performance of its competitors.
Adjusted EBITDA should not be considered in isolation from, and is not
intended to represent an alternative measure of, revenue, operating results or
cash flows from operating activities as determined in accordance with GAAP.
Additionally, Swisher Hygiene's definition of Adjusted EBITDA may not be
comparable to similarly titled measures reported by other companies.

Under SEC rules, Swisher Hygiene is required to provide a reconciliation of
non-GAAP measures to the most directly comparable GAAP measures.Accordingly,
the following is a reconciliation of Adjusted EBITDA to Swisher Hygiene's net
losses for the three months and full year ended December 31, 2012 and 2011:

                             Three Months Ended Full Year Ended
                              December 31,        December 31,
                             2012       2011     2012        2011
                             (In thousands)                               
Net loss from continuing      $(35,194)  $(9,039) $(80,775) $(24,723)
operations
Income tax expense (benefit)  18,643     (5,701)  18,753      (16,616)
Depreciation and amortization 5,171      4,226    20,991      12,690
expense
Interest expense, net         1,786      772      3,331        2,305
Foreign currency loss (gain)  13         (67)     15          (55)
Realized and unrealized
(gain) loss on fair value of  (37)       (109)    (236)       4,658
convertible debt
Stock-based compensation      514        1,615    3,521       4,648
Severance                     379        182      1,818       476
Investigation and             2,537      --      18,921      --
review-related expenses
Gain from bargain purchase    --         --      --          (4,359)
Loss from impairment of       507        116      507         116
long-lived assets
Acquisition and merger        361        1,466    582          6,107
expenses
Adjusted EBITDA for           $(5,320)   $(6,539) $(12,572) $(14,753)
continuing operations

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.

Certain information in this press release is forward-looking
information.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.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 December31, 2012, 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 sanitizing solutions to customers throughout North
America and internationally through its network of company-owned operations,
franchisees 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.

SWISHER HYGIENE INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(Unaudited)
(In thousands, except share and per share data)
                                                               
                              Three Months Ended     Full Year Ended
                               December 31,            December 31,
                              2012        2011        2012        2011
Revenue                                                         
Products                       $46,559   $48,327   $202,968  $131,109
Services                       6,170       7,238       26,186      26,107
Franchise and other            439         94          1,367       3,401
Total revenue                  53,168      55,659      230,521     160,617
                                                               
Costs and expenses                                              
Cost of sales                  23,790      25,231      101,914     67,942
Route expenses                 10,768      11,184      42,524      33,254
Selling, general, and          27,841      27,705      123,439     79,557
administrative expenses
Acquisition and merger         362         1,466       582         6,107
expenses
Depreciation and amortization  5,171       4,227       20,991      12,690
Gain from bargain purchase     --          --          --          (4,359)
Total costs and expenses       67,932      69,813      289,450     195,191
Loss from continuing           (14,764)    (14,154)    (58,929)    (34,574)
operations
                                                               
Other expense, net             (1,787)     (586)       (3,093)     (6,765)
Net loss from continuing       (16,551)    (14,740)    (62,022)    (41,339)
operations before income taxes
                                                               
Income tax (expense) benefit   (18,643)    5,701       (18,753)    16,616
Net loss from continuing       (35,194)    (9,039)     (80,775)    (24,723)
operations
Income (loss) from
discontinued operations, net   5,733       (347)       7,599       (623)
of tax
Net loss                       (29,461)    (9,386)     (73,176)    (25,346)
Net income attributable to     --          7           --          6
non-controlling interest
Net loss attributable to       (29,461)    (9,379)     (73,176)    (25,340)
Swisher Hygiene Inc.
Comprehensive loss                                             
Employee benefit plan net     (161)       (851)       (161)       (851)
loss arising during period
Foreign currency translation  (9)         (30)        (3)         (58)
adjustment
Comprehensive loss             $(29,631)   $(10,260)   $(73,340)   $(26,249)
                                                               
Loss per share from continuing                                  
operations
Basic and diluted              $(0.20)     $(0.05)     $(0.46)     $(0.16)
                                                               
Weighted-average common shares
used in the computation of                                      
loss per share
Basic and diluted              175,110,708 174,337,392 175,009,562 159,057,582

CONTACT: For Further Information, Please 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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