CALGARY, Alberta, March 8, 2006 (PRIMEZONE) -- Budget Waste Inc. (BWI) (Pink Sheets:BDWT), the Calgary area's largest local roll-off waste hauling company, has completed its acquisitions of DB Waste Disposal Inc., DB Porta-a-Podi Ltd. and Strathmore Septic Services Ltd. These acquisitions will increase the BWI fleet of roll-off bins currently offered; as well as expand BWI's services to include front-end bin, portable toilet rentals and septic services. These combined companies bring over 52 years of experience and knowledge in the waste industry and will further strengthen BWI's position and revenue streams by enabling BWI to provide complete waste hauling and total construction site servicing. With these acquisitions, BWI's combined annual revenues will exceed $5 million dollars.
BWI, since incorporating in 2001, has seen continuous growth in operations while maintaining its focus on becoming the waste hauler of choice for the Calgary, Alberta, Canada construction industry. BWI is currently positioning itself to implement the strategic direction of growth through consolidation, a strategy similar to that followed by other major waste hauling companies, such as BFI and Waste Management, who have grown into multi-national operations. BWI believes its current size, market factors and strategic positioning will enable it to acquire and grow at a rate exceeding that of the major waste hauling companies.
For more information on Budget Waste Inc., you can visit our web site at www.budgetwaste.com or call Investors Relations Department at 403.651.3708 / e-mail at ir@budgetwaste.com.
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.
The Budget Waste Inc. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=2155.