CALGARY, Alberta, March 1, 2006 (PRIMEZONE) -- BWI (Pink Sheets:BDWT), Calgary area's largest local roll-off waste hauling company, finalized the merger agreement for the acquisition of Kosland Waste Removal Ltd. (KOSLAND), one of the largest rural residential waste collection company in the Calgary area. KOSLAND has specialized in rural residential collection and lead the Calgary and area market for over 12 years.
The merger, effective March 1, 2006, doubles the BWI vehicle fleet, provides for a 50% increases to the BWI roll-off bin fleet and a ten fold increase in the BWI rural residential waste collection client base. This acquisition places BWI in a strong position with respect to rural residential collection and increases the BWI share of the roll-off bin market.
The acquisition of KOSLAND marks the completion of the first merger associated with the BWI strategic direction. As part of their growth through acquisition initiative, BWI is currently in negotiations with numerous merger opportunities.
For more information on Budget Waste Inc., you can visit our web site at www.budgetwaste.com or contact our Investor Relations Department at 403-651-3708.
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The information presented in this document reflects the true and current state of the business and future intended direction of BWI, as best understood by the controlling shareholders as of June 2005. This document contains forward-looking statements relating to the operations and environment in which BWI operates, which are based on operations, estimates and forecast projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, or are beyond the control of BWI. A number of important events could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Although these forward-looking statements contained herein are based upon what management believes are reasonable assumptions, BWI cannot assure investors that the actual results will be consistent with these forward-looking statements. The readers should not rely solely on such forward statements and BWI disclaims any intention or obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.