SOURCE: BWI Holdings, Inc.

BWI Holdings, Inc.

February 01, 2010 07:30 ET

BWI Holdings, Inc. Subsidiary Receives Overwhelming Approval for Restructuring Plan

CALGARY, AB--(Marketwire - February 1, 2010) - BWI Holdings, Inc. ("BWI") (PINKSHEETS: BWIH)

BWI Holdings, Inc. is very happy to announce that its wholly owned subsidiary Budget Waste Inc in Calgary Alberta held the Creditors Meeting Jan 29th, 2010. The outcome of the meeting was the approval by the unsecured creditors. The vote was 98, 5% in favor of the Restructuring Plan proposed by the Company.

The next step, as previously announced is for the Company to return to Court on Feb 8th, 2010 and have this Plan sanctioned by the Court.

The Company would like to thank its Creditors and Monitor for a very strong support on this proposed plan as well as all of its shareholders for standing by and supporting the Company over a long and difficult period.

View this release in video format: http://www.vodnewswire.com/vodnewswire/news/budgetwaste-20100201/

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
    Email Contact: Info@budgetwaste.com