CALGARY, Alberta, July 12, 2006 (PRIMEZONE) -- BWI (Pink Sheets:BDWT), a premier waste solutions company in the Calgary area has acquired Finnie Water Hauling Ltd. and signed a Letter of Intent with Hydrovac Alberta Inc.
Finnie Water Hauling Ltd., in operation for over 10 years, has established itself as oil field and construction water service specialists based on their attention to professionalism and safety. With a fleet of eleven water trucks and one hydro-vacuuming truck, Finnie Water Hauling derives 80% of its revenue from oil field and oil sands service in the provinces of Alberta, Saskatchewan and British Columbia. Their remaining revenues come from servicing major construction companies including Standard General and Volker Stevin. Finnie Water Hauling Ltd. will strengthen BWI's position in the Alberta oil field and expand BWI's presence into Saskatchewan and British Columbia.
Hydrovac Alberta Inc. is a Calgary based company with over 30 years experience safely exposing underground utilities, such as high pressure gas lines and fragile fibre optic cable. Their fleet of trucks, fully equipped to handle all hydro-vacuuming and day-lighting operations in all seasons, have the highest payload rating and capacity in the area.
For more information on Budget Waste Inc., you can visit our web site at www.budgetwaste.com or contact our Investor Relations Department at:
Phone: 403-255-2900
Fax: 403-255-3237
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 July 2006. 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.