CALGARY, Alberta, Jan. 17, 2006 (PRIMEZONE) -- BWI (Pink Sheets:BDWT), Calgary area's largest roll-off waste hauling company, signed a letter of intent with AllWaste Systems Ltd. (ALLWASTE), a Calgary based waste hauling and recycling company. With a fleet of 1300 bins and 15 trucks, ALLWASTE has been providing their Calgary and area clients with waste hauling and recycling services, as well as working closely with municipal and provincial governments on waste management and recycling initiatives. The potential merger will provide BWI with an expanded waste hauling presence and a diversified revenue stream complimentary to their current operations.
For more information on Budget Waste Inc., you can visit our web site at www.budgetwaste.com.
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the company's operations, markets, products and prices and other factors discussed in the company's various filings with the Securities and Exchange Commission.
The information presented in this document reflects the true and current state of the business and future intended direction of BWI, as best understood by the controlling shareholders as of June 2005. This document contains forward-looking statements relating to the operations and environment in which BWI operates, which are based on operations, estimates and forecast projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, or are beyond the control of BWI. A number of important events could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Although these forward-looking statements contained herein are based upon what management believes are reasonable assumptions, BWI cannot assure investors that the actual results will be consistent with these forward-looking statements. The readers should not rely solely on such forward statements and BWI disclaims any intention or obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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