SOURCE: Budget Waste Inc.

February 12, 2007 06:00 ET

Budget Waste, Inc. Approves a 2 for 1 Forward Stock Split

CALGARY, AB -- (MARKET WIRE) -- February 12, 2007 --Budget Waste, Inc. (PINKSHEETS: BDGW) today announced that at the board of directors meeting on February 9, 2007, the board approved a stock split of two common shares for every one common share outstanding as of the record date, February 18, 2007. The stock split will be effective on March 9, 2007.

The board believes that with BWI's demonstrated past performance, an exceedingly successful expansion history and the positive economic climate in which they are operating, the stock split will provide shareholders with added value and encourage the investment community to continue to show confidence in BWI's growth through increased market activity. Jim Can, BWI's President and CEO, states, "We are extremely pleased to be able to share our success with our shareholders; we feel that our shareholders have shown great confidence in us and we have come through for them with significant gains in their stock value. We will continue vigilantly to increase their investment value in the future by following our proven strategy."

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.

For more information on Budget Waste, Inc., please visit our web site at www.budgetwaste.com or contact our investor relations department at:

Contact Information

  • 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