CALGARY, Alberta, Oct. 11, 2006 (PRIMEZONE) -- BWI (Pink Sheets:BDWT) announces that at the Board of Directors meeting August 29, 2006, the Board approved a reverse stock split of one share of common stock for each thirty shares of common stock presently outstanding. The effective date will be October 16, 2006.
The Board believes that with BWI's present growth through acquisition strategy, the reverse stock split will solidify Budget's strong position and generate a positive climate for increased stock marketability and liquidity.
Budget Waste Inc. is a premier waste solutions company in the Calgary area providing complete waste service solutions to major construction companies, homebuilders 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 Dan Zembal 3915 61st Ave. SE. Calgary, AB T2C 1V5 Main ph: 403-255-2900 Fax: 403-255-3237 Email: danz@budgetwaste.com
The Budget Waste Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2155
Safe Harbor:
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-looking 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.