SOURCE: BWI Holdings, Inc.

BWI Holdings, Inc.

August 07, 2009 09:00 ET

BWI Holdings, Inc. -- Corporate Update

CALGARY, AB--(Marketwire - August 7, 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, is extremely pleased to announce the following contract information.

Budget Waste, Inc. would like to update its shareholders on recent developments. Budget Waste, Inc. has been granted an extension of its CCAA protection granted March 4, 2009 up to and including Aug 14, 2009. At which time Budget Waste will be seeking another extension.

Further to the May 9, 2009 press release regarding credit facilities. Budget Waste has been working diligently with several sources in regard to obtaining a new credit facility.

At this time Budget Waste, Inc. is conducting due diligence with several lending sources to seek the best feasible terms and lending conditions that will best benefit the company. Once the company has made a final decision, the funds will help and assist Budget Waste in emerging from CCAA.

In addition, the company would like to advise that it has successfully added several new short and long term service contracts. Details to be released shortly.

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:

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

  • 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