SOURCE: Budget Waste Inc.

July 16, 2007 13:15 ET

Budget Waste Inc. Outlines Plan for the 2007-2008 Year

CALGARY, AB--(Marketwire - July 16, 2007) - Budget Waste Inc. (PINKSHEETS: BDGW) today announced that following a successful fiscal 2006 year, aggressive plans have been laid out for the 2007 year.

Revenues and operations have increased substantially over the past 18 months, and BWI is not going to slow this trend.

Plans for the 2007 year are outlined as follows:

1. Complete financial audit of the 2006 year end and for the first six months of fiscal 2007.

This process is currently underway and is anticipated to be completed over the next few months.


2. Move up to OTCBB.

Currently, BWI trades on the Pink Sheets under the symbol BDGW. Once the audited financial statements are completed appropriate documentation will be filed with the SEC to allow BWI to commence trading as a "reporting company" on a more regulated marketplace.


3. Undertake private placement.

BWI is currently putting together a private placement document to raise up to $5 million in new equity capital. Funds raised in this placement are intended to be used to finance new acquisitions and finance new capital purchases.


4. Attract institutional investment to BWI.

By providing current audited up-to-date financial information, and continuing to grow by acquisition, BWI intends to appeal to institutional investors and fund managers for possible equity and debt investment in the future for internal growth and other acquisition strategies.


5. Continue with growth by acquisition strategy.

BWI has had success with its growth plans over the past 18 months. Over the course of the next year, BWI intends to continue to identify quality companies for acquisition.


Budget Waste Inc. is a waste solutions company located in Western Canada providing complete waste and recycling services to commercial, industrial, construction, homebuilding, oilfield and residential clients. 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 services. We believe that 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: ir@budgetwaste.com

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    Angela Junell
    214-461-3411
    ajunell@MN1.com