SOURCE: Budget Waste Inc.

January 29, 2008 16:15 ET

Budget Waste Inc. Releases Financial Information in Regards to Anticipated Broadband Communication Services Inc. Acquisition

CALGARY, AB--(Marketwire - January 29, 2008) - Budget Waste Inc. (PINKSHEETS: BDGW) today released information regarding the current financial situation of Broadband Communication Services Inc., the assets of which Budget intends to purchase in the near future.

BBCS has been in business over 15 years and its customer base is comprised of large, corporate entities such as Sprint, Windstream, Verizon, AT&T and Lincoln Electric. Management of BBCS has disclosed to Budget that approximate gross revenues in 2007 were $7,300,000, with asset value of approximately $3,200,000 as of December 31, 2007.

BBCS has a number of current and long-term contracts that help to ensure continued revenue growth and profitability. Some of the contracts BBCS is working on are for the placement of a large ethanol pipeline and a water distribution system in the USA. BBCS has represented that these contracts could provide up to an additional $15-20 million in annual revenues for the following 3 years or so. Additionally, BBCS has advised that it plans to complete negotiations for placing utility infrastructure for a large corporate client in South America.

"We see great potential for synergies between these two companies," stated Jim Can, CEO of Budget. "We believe both businesses can cross market their services in new territories and add revenue and profits in new ways."

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