CALGARY, Alberta, April 25, 2006 (PRIMEZONE) -- BWI (Pink Sheets:BDWT), a premier full service waste hauling company in the Calgary area, has accelerated their strategic plan of expansion throughout Alberta to take advantage of the hot Alberta economy. With Canada being the largest supplier of foreign oil to the United States and most of that oil coming from Alberta, forecasters are projecting a buoyant outlook for the Alberta economy well into the next decade. Driven by the current development of the Alberta oil sands, the Alberta economy is anticipated to grow by 4.1% in 2006 and 3.5% in 2007. Combined with their current unemployment rate below 4.0%, the economy is drawing workers into Alberta at unprecedented rates. These factors have resulted in the Alberta building permits increasing by 38%, compared to the national average of 11.9%.
As a provider of waste removal to the construction industry, BWI is accelerating its strategic plans to capitalize on the vibrant Alberta economy. BWI is positioning itself to enter into the waste hauling markets in the major Alberta cities. It is anticipated that upon completion of the growth strategy within Alberta, BWI's 2006 fiscal revenues are expected to increase by over 800% equating to approximately $10 million dollars in annual revenues. This will provide the strong financial base for the implementation of BWI's growth into a national full solutions waste services company.
For more information on Budget Waste Inc., you can visit our web site at www.budgetwaste.com or contact our Investor Relations Department at:
Cell: 403-651-3708 Fax: 403-236-3388 Email: IR@budgetwaste.com
The Budget Waste Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2155
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 April 2007. 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.