SOURCE: Budget Waste Inc.

May 05, 2008 06:00 ET

Budget Waste Inc. Awarded $11,200,000 Recycling and Waste Contract

CALGARY, AB--(Marketwire - May 5, 2008) - Budget Waste Inc. (PINKSHEETS: BDGW), a leading provider of waste and recycling services to industrial, residential, and commercial clients, is extremely pleased to announce the following contract information.

Budget Waste has been awarded the exclusive rights to be the supplier of choice for waste bins, sorting and recycling in Mahogany, a community developed and managed by Hopewell Residential Communities Inc. Mahogany is a 12 to 15 year project that will, upon completion, yield 8000 single and multi family homes within the City of Calgary. Budget Waste has provided waste, sorting and recycling services for Hopewell Residential Communities Inc. in the development of Copperfield for the past 6 years. The recycling program for Mahogany has an estimated contract value of $11,200,000.00 over the development term of the project. The terms and conditions of the contract will be reviewed yearly in November.

Hopewell has been recognized by Calgary Region Home Builders Association five times as Developer of the Year for their distinctive award winning communities in Alberta.

Hopewell's Corporate Mission

We are a successful land development company of empowered team members, achieving performance goals through operational excellence and well-planned strategic growth.

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.

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. 403-255-2900
Toll Free 1-888-255-2990
Fax: 403-255-3237
Email: ir@budgetwaste.com

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

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