SOURCE: BWI Holdings, Inc.

BWI Holdings, Inc.

January 25, 2010 07:00 ET

BWI Holdings, Inc. Explores Expansion Into Vertically Integrated Industries in 2010

CALGARY, AB--(Marketwire - January 25, 2010) - BWI Holdings, Inc. ("BWI") (PINKSHEETS: BWIH) announces the implementation of a new acquisition and expansion model based on the model that was implemented in 2006 and was successful in building Budget Waste Inc., Alberta Canada, into a diversified waste management company in Western Canada.

During 2010, BWIH intends aggressively to explore possible acquisition targets in the Medical Waste and Environmental Waste industries in both the U.S. and Canada.

"While the recent recession and downturn in the economy had a significant effect on our subsidiary, Budget Waste of Alberta, and we've been working through the process of reorganization and are optimistic of a positive outcome," said Jim Can, President and CEO of BWIH. "We know that our approach to consolidating diverse companies within the waste management industry proved successful. We are confident that we can continue this strategy of consolidations in the medical and environmental waste industries in North America. Regardless of the ultimate outcome of Budget Waste in Canada, BWIH intends to pursue quality acquisitions in the coming year in order to build shareholder value."

View this release in video format:

Safe Harbor Act Notice:

Certain information included in this press release, may contain forward-looking statements about our current and expected performance trends, growth plans, business goals and other matters. These statements may be contained in our filings with the Securities and Exchange Commission, in our press releases, in other written communications, and in oral statements made by or with the approval of one of our authorized officers. Information set forth in this press release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

Contact Information

  • Contact:
    Budget Waste Inc.
    Investor Relations
    3915 - 61st Ave. SE.
    Calgary, AB T2C 1V5
    Ph: 403-255-2900
    Toll Free: 1-888-255-2990
    Fax: 403-255-3237