SOURCE: BWI Holdings, Inc.

BWI Holdings, Inc.

March 25, 2010 11:36 ET

BWI Holdings, Inc. Subsidiary Corporate Update

CALGARY, AB--(Marketwire - March 25, 2010) -  BWI Holdings, Inc. (PINKSHEETS: BWIH) recently received information that unsolicited spam indicating that investors should invest in the securities of the Company has apparently been circulated by persons without the knowledge or consent of the Company. As a result, and unfortunately, the Company has received a Caveat Emptor designation on the Pink OTC Markets website (www.pinksheets.com). 

Though the Company has been in communication with representatives from the Pink OTC Markets, we have been advised that the Caveat Emptor designation should be removed once the security meets the qualifications for Current Information and Pink OTC Markets is satisfied that there is no longer a public interest concern, typically no sooner than 30 days from the date of the alleged spam.

BWI Holdings did not authorize this unsolicited spam to be communicated by e-mail or otherwise by any person, and disclaims any information set forth therein. In no event should any person consider such unsolicited spam or any other communication which contains information on the potential future market value of its securities, to be an authorized communication by or on behalf of BWI Holdings or to be reliable as accurate.

The Company does not and will not make any predictions as to the future value of its securities, and disclaims any and all knowledge about, or responsibility for, any unauthorized communication which is circulated without management's knowledge and consent.

According to company CEO Jim Can: "Our legitimate news releases are always clearly identified as published by the company, always include warnings to investors, and never discuss predictions about the future performance of our stock. Despite the fact that we are not current with our filings with the Securities & Exchange Commission, we are working diligently with our new auditors to complete all financial statements to become current in our reporting, so that investors in our securities can be informed about developments affecting our company." Presently, there are approximately 53,000,000 shares of the Company's common stock issued and outstanding, of which about 4,500,000 are on deposit with DTC, i.e. in the public float.

Can added: "We believe our progress is exciting and newsworthy, but we do not use or endorse spam e-mail or unsolicited faxes as a means to `tout' our company to potential shareholders. We do everything in our power to create a strong relationship between our shareholders and management based upon open and lawful communication, and we hope these illegitimate communications will not erode the confidence that our shareholders have shown in our company over the past months."

Recently, the Company announced the following significant corporate updates:

  • The signing of a three year agreement with Tarpon Structures, a Division of Tarpon Energy Services Ltd. to provide Roll off Bins, Frontload Bins, Portable Toilets, Water Trucks and Septic Services.
  • The adoption of a new way to reduce fuel costs and to significantly decrease harmful greenhouse gases with the use of Hydrogen Generating Modules in 2010.
  •  A successful reorganization plan approved by 98% of creditors.

Noting the above, Can further stated that "The Company has been working on numerous restructuring goals for the last couple of years, each of which is just now beginning to come to fruition and all of which should serve to increase shareholder value and confidence in our company. We appreciate the loyalty our shareholders have shown, and look forward to the continued success of our company."

View this release in video format: http://www.vodnewswire.com/vodnewswire/news/budgetwaste-20100325/

About Budget Waste
Budget Waste Inc. is a waste solutions company in Western Canada providing complete waste and recycling services to commercial, industrial, construction, homebuilding, oilfield and residential clients. With our broad range of innovative services we offer our customers more value for their dollar and reduce accounting costs by providing streamlined billing. BWI is currently following its growth through acquisition strategy with exceptional success. With regulations throughout North America pressing companies and individuals to be more vigilant in the way they handle their waste products, we see vast opportunities for expanding our distinctive services. We are confident that extraordinary growth and focus on customer needs will bring our stockholders outstanding value for the confidence they have placed in BWI.

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. The reader is further cautioned that BWI Holdings, Inc. disclaims any unsolicited spam regarding the company or its securities. 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:

    BWI Holdings, 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