SOURCE: Budget Waste Inc.

January 29, 2008 06:00 ET

Budget Waste Inc. Signs Letter of Intent With Major Underground Construction Company to Enter US Market

CALGARY, ALBERTA--(Marketwire - January 29, 2008) - Budget Waste Inc. (PINKSHEETS: BDGW) announced today that it has signed a comprehensive letter of intent to acquire the assets of Broadband Communication Services Inc. A closing is anticipated to happen in the first quarter 2008, following customary due diligence which has been ongoing for some weeks.

Broadband Communication Services Inc. ("BBCS"), headquartered in Nebraska City, Nebraska, is a construction and infrastructure placement company that operates underground construction companies throughout the United States. BBCS currently has operations in Texas, Nebraska, Oklahoma, Iowa, Kansas, Missouri, and Arkansas in support of clients who serve a variety of industries, including natural gas distribution, cable television, telephone (both wireless and landline), electrical construction and distribution, and municipal water and sewage providers. BBCS has 85 full-time employees and manages projects using nine other subcontractors, with close to 100 additional full-time employees.

"We are excited about the opportunity to add this dynamic company to our organization," stated Jim Can, CEO of Budget Waste. "BBCS will complement our current business and permit both companies to take advantage of intercompany synergies and new market opportunities. We are using this strategic acquisition to position Budget as a broader market service provider."

A few of BBCS's major clients have included the following:

AT&T/SBC                            Cox Communications
Alltel Communications               Qwest
Level 3 Communications              Touch America
MasTec North America, Inc.          Michels Corporation
HalTec Corporation                  Henkels & McCoy
Sumter Network Design               American Fiber
Valor Telecom                       Conoco Phillips
Sunoco Pipeline                     State of Illinois
Michigan DOT                        State of Michigan
Bonneville Power Administration     Midwest Cable
TRW Defense Sector                  USA Pipeline
Network Construction Services       Frontier Communications Iowa
Breda Telephone Company             Galaxy Cablevision
Villisca Farmers Telephone Co.      Mears Corporation
Lincoln Electric

About Budget Waste:

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 or contact our investor relations department at:

    Budget Waste Inc.
    Investor Relations
    Mike Kolankowski

    3915 - 61st Ave. SE.
    Calgary, AB T2C 1V5
    Toll Free 1-888-255-2990
    Fax: 403-255-3237