SOURCE: BWI Holdings Inc.

December 12, 2008 09:30 ET

BWI Holdings Inc. Confirms New Record and Ex-Dividend Dates for Share Distribution

CALGARY, AB--(Marketwire - December 12, 2008) - BWI Holdings Inc. (OTCBB: BWIH) and Codido, Inc. (PINKSHEETS: CDID), formerly Budget Waste Inc., announces the following:

NASDAQ has received the necessary documentation to process the name change of Budget Waste Inc. to Codido Inc. This corporate action will take effect at the open of business Dec. 12, 2008. The new symbol on this date will be CDID.

As previously announced, the original record date established for the distribution of Grey Creek/BWI Holdings shares was Nov. 14, 2008; this date has now been changed to Dec. 17th, 2008. Every shareholder of record as of December 17, 2008, will be entitled to receive one (1) share of Gray Creek/BWI Holdings for each twenty (20) shares of BDGW/CDID. All newly issued Gray Creek/BWI Holdings shares are RESTRICTED and may be re-sold by the holders only pursuant to Rule 144.

The Ex-dividend date for distribution by BDGW/CDID of the Gray Creek/BWI Holdings shares has now been confirmed with NASDAQ as Dec. 12th, 2008.

As previously announced, BDGW/CDID is currently in the process of identifying a new merger candidate or new company to acquire by reverse acquisition in order to continue business as an operating entity. At this time, BDGW/CDID has no assets other than the Gray Creek/BWI Holdings shares that it will be distributing shortly to its shareholders. Anyone may purchase or dispose of BDGW/CDID shares at his own discretion and risk.

When BDGW/CDID's board of directors has determined the best successor business, a public announcement will be made.

CDID (PINKSHEETS) and BWI Holdings Inc. (OTCBB) are separate, unrelated, stand alone companies.

BWI Holdings Inc. (OTCBB: BWIH) is operating in Canada as Budget Waste Inc. and 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 BWI Holdings, Inc., please visit our web site at www.budgetwaste.com or contact our investor relations department at:

BWI Holdings Inc.
Investor Relations

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

  • Contact:
    BWI Holdings Inc.
    Investor Relations

    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