CALGARY, Alberta, Jan. 10, 2007 (PRIME NEWSWIRE) -- Budget Waste Inc. (Pink Sheets:BDGW) today confirmed that, effective on January 5, 2007, for each 2 shares held, one share was issued as dividend. All certificates are being sent to the Company by its transfer agent, and the Company will mail out the new certificates directly to stockholders of record as of December 20, 2006.
The previous market price of approximately $9.40 on January 5, 2007, was adjusted automatically to approximately $6.20 by NASDAQ to reflect the dividend shares. There has been no change in value to any stockholder.
Jim Can, Budget's CEO, stated, "We conducted this forward split in the form of a dividend of one share for each two shares outstanding to add value to our stockholders in our growing market and to reward them for their support over the last year. We have completed several successful acquisitions over the last year and we contemplate more quality acquisitions in the future. We encourage our shareholders to continue their support and investment in their company for the long-term."
Budget Waste Inc. is a waste solutions company in Western Canada providing complete waste and recycling services to commercial, industrial, construction, homebuilding and residential clients. For more information on Budget Waste Inc., please visit our web site at www.budgetwaste.com or contact our investor relations department at:
Budget Waste Inc. Investor Relations Mike Kolankowski 3915 -- 61st Ave. SE. Calgary, AB T2C 1V5 Ph: 403-651-3708 Fax: 403-255-3237 Email: ir@budgetwaste.com
The Budget Waste Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2155
Safe Harbor Act Notice: This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum, or prospectus. Specifications are subject to change without notice.