SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT



     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


                                 April 24, 1996
                                 Date of Report
                        (Date of Earliest Event Reported)


                       Continental Waste Industries, Inc.
             (Exact Name of Registrant as Specified in its Charter)


        Delaware                  0-22602                    11-2909512
 (State of Incorporation)   (Commission File No.)           (IRS Employer 
                                                       Identification Number)



                           67 Walnut Avenue, Suite 103
                             Clark, New Jersey 07066
                    (Address of Principal Executive Offices)



       Registrant's Telephone Number, Including Area Code: (908) 396-0018



<PAGE>

Item 5.           Other Events.

     On April 11, 1996,  Continental  Waste  Industries,  Inc.  (the  "Company")
entered into  agreements  to purchase all of the stock of Recycling  Industries,
Inc.  and  Statewide  Environmental  Contractors,  Inc. and all of the assets of
Lomac Realty.  These three companies are all affiliated with each other, and all
are  engaged in the waste  management  business  in central  New Jersey and have
combined revenues of approximately $13 million.

     The Company  anticipates funding the purchase through a combination of cash
plus  notes and  stock.  The  transactions  are  subject  to  completion  of due
diligence by the Company and New Jersey state regulatory approval.
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K CURRENT REPORT", "secsgml_size_bytes": 1750}]
{"company-data": {"conformed-name": "CONTINENTAL WASTE INDUSTRIES INC", "cik": "0000876035", "assigned-sic": "4953", "irs-number": "223285335", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-22602", "film-number": "96550197"}, "business-address": {"street1": "67 WALNUT AVE STE 103", "city": "CLARK", "state": "NJ", "zip": "07066", "phone": "9083960018"}, "mail-address": {"street1": "67 WALNUT AVENUE, SUITE 103", "street2": "67 WALNUT AVENUE, SUITE 103"}, "former-company": {"former-conformed-name": "FINET INC /NY", "date-changed": "19930328"}}
SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                                 April 24, 1996
                                 Date of Report
                        (Date of Earliest Event Reported)

                       Continental Waste Industries, Inc.
             (Exact Name of Registrant as Specified in its Charter)

        Delaware                  0-22602                    11-2909512
 (State of Incorporation)   (Commission File No.)           (IRS Employer 
                                                       Identification Number)

                           67 Walnut Avenue, Suite 103
                             Clark, New Jersey 07066
                    (Address of Principal Executive Offices)

       Registrant's Telephone Number, Including Area Code: (908) 396-0018
Item 5.           Other Events.

     On April 11, 1996,  Continental  Waste  Industries,  Inc.  (the  "Company")
entered into  agreements  to purchase all of the stock of Recycling  Industries,
Inc.  and  Statewide  Environmental  Contractors,  Inc. and all of the assets of
Lomac Realty.  These three companies are all affiliated with each other, and all
are  engaged in the waste  management  business  in central  New Jersey and have
combined revenues of approximately $13 million.

     The Company  anticipates funding the purchase through a combination of cash
plus  notes and  stock.  The  transactions  are  subject  to  completion  of due
diligence by the Company and New Jersey state regulatory approval.