SOURCE: BWI Holdings, Inc.

BWI Holdings, Inc.

September 10, 2009 09:00 ET

BWI Holdings, Inc. -- Corporate Update

CALGARY, AB--(Marketwire - September 10, 2009) - BWI Holdings, Inc. (OTCBB: BWIH), operating as Budget Waste, Inc. (the "Company"), a leading provider of waste and recycling services to industrial, residential, and commercial clients, announces the following contract information:

Budget Waste, Inc. has been granted a further extension, from August 14, 2009 until October 15, 2009, under the CCAA protection granted March 4, 2009, at which time the Company will either present its plan of arrangements to its creditors, or will seek another extension.

Further to the May 9, 2009 press release regarding credit facilities, Budget Waste is continuing to work diligently with several sources in regard to obtaining a new credit facility. Once the company has made a final decision, the funds will assist the Company in emerging from CCAA.

Safe Harbor Act Notice:

Certain information included in this press release, may contain forward-looking statements about our current and expected performance trends, growth plans, business goals and other matters. These statements may be contained in our filings with the Securities and Exchange Commission, in our press releases, in other written communications, and in oral statements made by or with the approval of one of our authorized officers. Information set forth in this press release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

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