SOURCE: Budget Waste Inc.

February 26, 2007 12:16 ET

Budget Waste Inc. Acquires 4M Water Hauling Ltd.

CALGARY, AB -- (MARKET WIRE) -- February 26, 2007 -- Budget Waste Inc. (PINKSHEETS: BDGW) today announced that it has completed the acquisition of 4M Water Hauling Ltd. With a 7-year history of exceptional service and a wealth of knowledge in the oilfield services industry, 4M is the dominant provider of water truck services in the Edson region. 4M provides drinking and freshwater to drilling and service rigs, mines, residential, and forestry operations as well as water filtration services, water storage tanks, dust control, and fire fighting services. With a fleet of up to 15 trucks and a service area that covers the areas of Edson, Hinton, Grand Cache, and a service corridor surrounding the Calgary area, 4M has increased sales volumes to over $4,000,000.00 annually. Maintenance and storage is facilitated in a company-owned property of 5 acres with a 22,000 sq.ft. fully equipped shop and office facility located in Edson.

BWI has water hauling operations in place throughout Alberta; the addition of 4M will bring valuable knowledge and experience to BWI and increase the customer base and revenue generating capacity of this division. Rick Muir, former president of 4M and now a member of the BWI team, states, "I believe that there is strength in numbers. This acquisition will bring strength to BWI and allow us to expand services and also provide better, more complete services to our customers while operating in an ever increasing service area."

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 opportunity for expansion of 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: This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum, or prospectus. Specifications are subject to change without notice.

Contact Information

  • 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
    Mike Kolankowski

    3915 - 61st Ave. SE.
    Calgary, AB T2C 1V5
    Ph.403-651-3708
    Toll Free 1-888-255-2990
    Fax: 403-255-3237
    Email: ir@budgetwaste.com

    Mercantile Ascendency NewsWire
    Angela Junell
    214-461-3411
    ajunell@mercantileascendency.com