What is it? Up near high of day and could gap.
Posted by imakmony2005 on :
Sure looks that way, im in. come on GAPPER!!!!!
Posted by Johnwayne on :
Hey nice close. Should gap in the AM. I tried to get in this and SNIO at the close but couldn't get filled in either.
Posted by imakmony2005 on :
HMM, Well John, we will see something is up?? I to think gap in the am, then we just may run.
Posted by Johnwayne on :
52 week high is .21 Looks like it hit .07 in September '05. Float - 272m O/S - 294m No splits 3 month avg volume - 1.2m Today's volume: 57m Somebody knows something here. Conference call scheduled for this company on May 17. Maybe insiders were buying today, expectuing good news.
Posted by imakmony2005 on :
im looking in to it to.
Posted by weatherbill on :
been in.....sold this morning at .0165-.018 got back in for a slight profit.....yes, I expect to see .02 tomorrow! Hurricane plays are hot right now....ECCIE and NLST have been seeing alot of action as well
Posted by imakmony2005 on :
Wednesday May 10, 8:00 am ET
AUSTIN, Texas--(BUSINESS WIRE)--May 10, 2006--SmallCapVoice.com, Inc. today announced that questions from shareholders and other interested parties are now being accepted for an exclusive new audio interview and shareholder update at SmallCapVoice.com. The featured guests are Bruce Beattie, CEO of Sub-Surface Waste Management of Delaware, Inc. (OTCBB:SSWM - News) and Robert Brehm, CEO of U.S. Microbics, Inc. (OTCBB:BUGS - News) who will discuss the record breaking revenue of last quarter, answer questions and update listeners with late breaking news of the company's progress in Mexico. Please send in your questions now for the May 17 interview to ssmith*smallcapvoice.com. ADVERTISEMENT
Brehm stated, "Bruce and I welcome the opportunity to answer shareholder questions, provide the latest updates on our progress in Mexico and discuss future plans. We are quickly evolving from a small environmental services company to becoming a major economic and political resource, using pro-active environmental policy, to stimulate local employment, entice direct foreign economic investment, and create cleaner, healthier living conditions for the citizens of Mexico. Our long term goal is to capitalize on this new strategy by significantly enhancing future shareholder value while keeping shareholders informed of our vision, plans and progress."
About U.S. Microbics Inc.
U.S. Microbics is a business development and holding company that acquires, develops and deploys innovative environmental technologies for soil, groundwater and carbon remediation, air pollution reduction, modular drinking water systems and agriculture enhancement. For more information on the company, contact Robert Brehm at 760-918-1860 x102 or visit the website at http://www.bugsatwork.com.
About Sub-Surface Waste Management
Sub-Surface Waste Management Inc. is a majority owned subsidiary of U.S. Microbics, Inc. (OTCBB:BUGS - News) and provides comprehensive civil and environmental engineering project management services including specialists to design, permit, build and operate environmental waste clean-up treatment systems using conventional, biological and filtration technologies. SSWM is capitalizing on its patented technologies registered in Mexico with SEMARNAT, a Federal regulatory agency overseeing environmental compliance nationwide. For information on SSWM contact Bruce Beattie at 760-918-1860 x105 or visit their website at http://www.subsurfacewastemanagement.com.
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the company's SEC reports.
Contact: SmallCapVoice.com Stuart T. Smith, 512-267-2430 info*Smallcapvoice.com
Posted by imakmony2005 on :
Form 10QSB for SUB SURFACE WASTE MANAGEMENT OF DELAWARE INC
ITEM 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS Statements included in this Management's Discussion and Analysis of Financial Condition and Results of Operations, and in future filings by the Company with the Securities and Exchange Commission, in the Company's press releases and in oral statements made with the approval of an authorized executive officer which are not historical or current facts are "forward-looking statements" and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. You are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The following important factors, among others, in some cases have affected and in the future could affect the Company's actual results and could cause the company's actual financial performance to differ materially from that expressed in any forward-looking statement: (i) the extremely competitive conditions that currently exist in the market for companies similar to the Company and (ii) lack or resources to maintain the Company's good standing status and requisite filings with the Securities and Exchange Commission. The foregoing list should not be construed as exhaustive and the company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. The following discussion should be read in conjunction with our financial statements and their explanatory notes included as part of this prospectus.
The Company's wholly owned subsidiary, Sub Surface Waste Management, Inc., engages in developing, manufacturing and selling engineered remediation solutions for clean up of toxic waste releases to soil and/or groundwater and the bio-recycling of spent activated carbon filtration media. The treatments may be made directly to the contaminated soil or groundwater in the location at which the contamination was found ("in situ"), using wells and subsurface injection/extraction points to administer the Company's proprietary microbial blends for bioremediation of various waste streams, or the treatments may require excavation of contaminated soil or pumping of groundwater ("ex situ"), and washing activated carbon filtration media with microbes to Bio-recycle with the Company providing technical engineering consultation and microbial blends to its teaming partners and/or executing the work directly as a contractor.
The Company's plan of operation for the next 12 months is to complete the existing business in South Carolina and Mexico, and promote new projects in Mexico, through its Mexican subsidiary, Environmental Tech International,, SA DE CV, The Company opened its new office in the state of Puebla, Mexico in January of 2006.
SUB SURFACE WASTE MANAGEMENT OF DELAWARE, INC. AND SUBSIDIARY Notes To Consolidated Condensed Financial Statements March 31, 2006 (Unaudited) MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS - continued
The company plans to close the remaining projects in South Carolina within the next 12 months or less.
In Mexico the company has retained the services of Dr. Richard Lorden of Lorden Y Asociados in Mexico City, Mexico to provide comprehensive sales consulting support to provide the company with additional opportunities to expand its revenues in Mexico. The company is currently involved with the development of several additional potential contracts in Mexico.
In December of 2005, the Company signed a contract with the state of Puebla to investigate 3 contaminated sites. The contract amount was approximately $375,000. In March 2006, the Company billed and collected an additional 25% or a payment of $89,400, making a total billed and collected for the six months ending $269,896.
The company remains teamed with its technology licensee Grupo Bartlett, S.A. de C.V. to execute work in Mexico using its registered technology with SEMARNAT (Mexico EPA).
Additional capital must be raised to fund existing and new projects, support overhead expenses. During the next 12 months, the Company's foreseeable cash requirements are approximately $5,000,000 to implement its business plan to expand and participate in the environmental cleanup business in Mexico. The company most likely needs to issue additional common or preferred stock, which will have a dilutive effect on current shareholders, in order to raise all or a portion of the the necessary capital to continue and expand its operations. However, the company continues to explore opportunities to license its technology to international end-users and would use any received licensing fees to reduce or eliminate short-term issuance of additional common or preferred stock of the company.
RESULTS OF OPERATIONS
For The Six Month and Three Months Ended March 31, 2006 Compared To The Six and Three Months Ended March 31, 2005.
The Company had revenues of $367,420, and $305,114 during the six months and three months ended March 31, 2006, an increase of 18% and 23%, respectively as compared to $312,462 and $248,381 of revenue for the same period in 2005. Revenues for the six months, and three months ended March 31, 2006 consisted primarily of engineering services, construction, and bio-remediation of hydro-carbons in contaminated soil for projects in Mexico. Gross profit for the six months and three months ended March 31, 2006 was $115,775 and $143,214 or 31% and 46% of sales compared to $138,591 and $132,075 or 44% and 53% of sales for the corresponding period in fiscal 2005. The increase in revenue is due primarily to the contracts for the State of Puebla, Mexico. Lower gross profit percentages were primarily due to labor costs, and job related travel expenses.
Selling, general and administrative ("SG&A") expenses for the six months and three months ended March 31, 2006 totaled $1,216,411 and $761,549 respectively, compared to $747,660, and $360,110 for the same periods in fiscal 2005. SG&A expenses for the six months, and three months ended March 31, 2006 consisted of occupancy, payroll, accounting, and consulting services. The 62% increase and the 111% increase in SG&A expenses are attributed to licensing agreement fees, consulting expenses related to increases in contracts with an affiliate, consulting fees related to projects in Mexico, a $50,000 increase in legal fees, and commission expenses.
The Company incurred a net loss of $1,137,013 and $632,295, for the six months, and three months ended March 31, 2006, had negative cash flows from operations of $526,147 for the six months ended March 31, 2006 compared to a net loss of $681,446, and $259,463 for the six months, and three months ended March 31,2005, had negative cash flows from operations of $691,624 for the six months ended March 31, 2005. Basic and diluted net loss per share was $(0.02) and $(0.01) for the six months, and three months ended March 31, 2006, respectively, compared to a loss of $(0.02) and $(0.01) for the six months, and three months ended March 31, 2005.
SUB SURFACE WASTE MANAGEMENT OF DELAWARE, INC. AND SUBSIDIARY Notes To Consolidated Condensed Financial Statements March 31, 2006 (Unaudited) MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS - continued
As of March 31, 2006, the Company had an accumulated deficit of $ 12,879,089 compared to $10,795,802 as of March 31, 2005. The shareholders equity as of March 31, 2006 was $701,272 compared to $552,965 as of September 30, 2005.
The Company is anticipating that revenues in fiscal 2006 will exceed revenues for fiscal 2005 through expansion of its operations in Mexico. Although based on the current financial condition of the Company, additional capital will be required in order for the Company to maintain its ongoing operations.
Liquidity And Capital Resources.
Cash totaled $155,531 as of March 31, 2006. During the six months ended March 31, 2006, the Company raised $150,000 net of $5,000 placement fees from issuance of 4,150,000 shares of restricted and unrestricted common stock, including the sale of 150,000 shares of unrestricted common stock to Fusion Capital Fund II, LLC.
As of March 31, 2006 the Company had working capital of $528,002, compared to a working capital of $194,594 as of March 31, 2005. Current assets as of March 31, 2006 of $1,287,501 include $670,105 due from affiliates compared to current assets of $1,149,652 included $553,445 due from affiliates for the period ended March 31, 2005.
To date, the Company has financed its operations principally through private placements of equity securities and debt. The Company believes that it will raise sufficient cash to continue its operations through September 30, 2006, and anticipates that cash generated from anticipated private placements and projected revenues during the next quarter of fiscal 2006 will enable it to fulfill cash needs for 2006 operations.
The Company has approximately $5,885.000 remaining to be used on its equity financing agreement with Fusion Capital. However, in order to use this financing, the stock price must be $0.10 or better for a specified period of time.
There can be no assurance that additional private or public financing, including debt or equity financing, will be available as needed, or, if available, on terms favorable to the Company. Any additional equity financing may be dilutive to shareholders and such additional equity securities may have rights, preferences or privileges that are senior to those of the Company's existing common or preferred stock. Furthermore, debt financing, if available, will require payment of interest and may involve restrictive covenants that could impose limitations on the operating flexibility of the Company. The failure of the Company to successfully obtain additional future funding may jeopardize the Company's ability to continue its business and operations.
The independent auditors report on our September 30, 2005 financial statements included in the Form 10-KSB states that our difficulty in generating sufficient cash flow to meet its obligations and sustain operations raise substantial doubts about the ability to continue as a going concern.
Equity Financing
The Company has obtained financing in the form of equity in order to provide the necessary working capital. On June 10, 2004, we entered into a Common Stock Purchase Agreement with Fusion Capital Fund II, LLC ("Fusion") a Chicago-based institutional investor. Under terms of the agreement, Fusion has agreed to purchase from the company up to $6.0 million of our common stock over a 24-month period. Since the Securities & Exchange Commission declared effective a registration statement covering the securities issued or issuable to Fusion on November 9, 2004, each month the company has the right to sell to Fusion up to $250,000 of its common stock at a purchase price based upon the market price of the company's common stock on the date of each sale without any fixed discount to the market price. The company's may also require Fusion to purchase lesser or greater amounts of its common stock each month up to $6.0 million in the aggregate. The company has the right to control the timing and the amount of stock sold to Fusion Capital. The company has the right to terminate the agreement at any time without any additional cost. The company also has the right, at its election to enter into a new agreement with Fusion Capital under which Fusion would be required to purchase up to an additional $6.0 million of the company's common stock on the same terms and conditions as the original agreement.
SUB SURFACE WASTE MANAGEMENT OF DELAWARE, INC. AND SUBSIDIARY Notes To Consolidated Condensed Financial Statements March 31, 2006 (Unaudited) The company has relied mostly on cash infusions from its parent company, U.S. Microbics, Inc., and the sale of its common stock during the first six years of its existence. Its parent company has limited resources and may not be able to continue to provide sufficient funds for SSWM to successfully continue its operations.
There can be no assurance that the company will generate revenues from operations or obtain sufficient capital on acceptable terms, if at all. Failure to obtain such capital or generate such operating revenues would have an adverse impact on the company's financial position and results of operations and ability to continue as a going concern.
The company's operating and capital requirements during the next fiscal year and thereafter will vary based on a number of factors, including: (i) the rate at which microbial products are shipped and generate profits; (ii) the necessary level of sales and marketing activities for environmental projects; and (iii) the level of effort needed to develop additional distribution channels to the point of commercial viability.
There can be no assurance that additional private or public financing, including debt or equity financing, will be available as needed, or, if available, on terms favorable to the company. Any additional equity financing may be dilutive to shareholders and such additional equity securities may have rights, preferences or privileges that are senior to those of the company's existing Common or Preferred Stock. Furthermore, debt financing, if available, will require payment of interest and may involve restrictive covenants that could impose limitations on the operating flexibility of the company. The failure of the company to successfully obtain additional future funding may jeopardize the company's ability to continue its business and operations.
The independent auditor's report on the company's September 30, 2005 financial statements included in this Annual Report states that the company's recurring losses raise substantial doubts about the company's ability to continue as a going concern.
Promissory Note
In addition, on August 4, 2004, the company entered into a loan agreement and convertible promissory note with Fusion Capital to borrow $200,000 at annual interest rate of 10%. The maturity date of the Note is January 31, 2005, and may be redeemed by us at any time, but subject to Fusion Capital's right to convert any outstanding principal and accrued interest due into our common shares. Prior to the maturity date, the Note shall convert at $0.25 per share. After the maturity date, the Note shall convert at a price equal to the lesser of (i) 50% of the average of the three (3) lowest closing sale prices of the common shares during the twelve (12) trading days prior to the submission of a conversion notice or (ii) $0.25 per share. In connection with the Note, Fusion Capital was issued 250,000 warrants with an exercise price of $.275 per share. If the Note is converted immediately prior to the maturity date, the company would issue approximately 840,000 shares of our common stock to Fusion Capital, including interest as of the maturity date, in addition to 250,000 shares of our common stock upon exercise of the Warrants issued to Fusion Capital pursuant to the Note. If the Note is converted after the maturity date, the company may issue more than 840,000 shares of our common stock to Fusion Capital, including interest as of the conversion date. The company has registered up to 1,500,000 in connection with the conversion of the Note to preserve its option to utilize its cash resources for purposes other than paying down the Note.
From and after the maturity date or after the occurrence of an event of default under the Note, the interest rate shall be increased to fifteen percent (15%) and shall be calculated in accordance with the terms of the Note. At any time after the maturity date, the company shall redeem Note for cash equal to 125% of the outstanding principal plus accrued interest. As of June 30, 2005 the note is in default.
The Company will continue to need additional capital to continue its operations and will endeavor to raise funds through the sale of equity shares and revenues from operations. There can be no assurance that the Company will obtain sufficient capital or generate revenues on acceptable terms, if at all. Failure to obtain such capital or generate such revenues would have an adverse impact on the Company's financial position and results of operations and ability to continue as a going concern.
SUB SURFACE WASTE MANAGEMENT OF DELAWARE, INC. AND SUBSIDIARY Notes To Consolidated Condensed Financial Statements March 31, 2006 (Unaudited) Any additional equity financing may be dilutive to shareholders and such additional equity securities may have rights, preferences or privileges that are senior to those of the Company's existing common or preferred stock. Furthermore, debt financing, if available, will require payment of interest and may involve restrictive covenants that could impose limitations on the operating flexibility of the Company. The failure of the Company to successfully obtain additional future funding may jeopardize the Company's ability to continue its business and operations.
The Company's operating and capital requirements during the next fiscal year and thereafter will vary based on a number of factors, including: (i) the rate at which microbial products are shipped and generate profits; (ii) the necessary level of sales and marketing activities for environmental projects; and (iii) the level of effort needed to develop additional distribution channels to the point of commercial viability.
Risks And Uncertainties
This Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions, and are subject to numerous known and unknown risks and uncertainties. In evaluating such statements, prospective investors should carefully review various risks and uncertainties identified in this Report, including the matters set forth under the captions "Risk Factors" and in the Company's other SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements. The Company undertakes no obligation to update or publicly announce revisions to any forward-looking statements to reflect future events or developments.
Impact of Inflation
The effect of inflation on the Company's revenue and operating results was not significant. The Company's operations are located in North America and there are no seasonal aspects that would have a material effect on the Company's financial condition or results of operations.
Off-Balance Sheet Arrangements
The Company does not maintain off-balance sheet arrangements not does it participate in non-exchange traded contracts requiring fair value accounting treatment.
Posted by imakmony2005 on :
The Company has approximately $5,885.000 remaining to be used on its equity financing agreement with Fusion Capital. However, in order to use this financing, the stock price must be $0.10 or better for a specified period of time.
Posted by dbrownRC on :
although that paragraph sounds good, read the two after it in that release...doesn't sound too good...
The Company has approximately $5,885.000 remaining to be used on its equity financing agreement with Fusion Capital. However, in order to use this financing, the stock price must be $0.10 or better for a specified period of time.
There can be no assurance that additional private or public financing, including debt or equity financing, will be available as needed, or, if available, on terms favorable to the Company. Any additional equity financing may be dilutive to shareholders and such additional equity securities may have rights, preferences or privileges that are senior to those of the Company's existing common or preferred stock. Furthermore, debt financing, if available, will require payment of interest and may involve restrictive covenants that could impose limitations on the operating flexibility of the Company. The failure of the Company to successfully obtain additional future funding may jeopardize the Company's ability to continue its business and operations.
The independent auditors report on our September 30, 2005 financial statements included in the Form 10-KSB states that our difficulty in generating sufficient cash flow to meet its obligations and sustain operations raise substantial doubts about the ability to continue as a going concern.
do your DD
Posted by imakmony2005 on :
Im thinking buy back in progress, They got the cash, Very high volume, Take it passed .10. HMM
Posted by imakmony2005 on :
well???
Posted by dharrison91 on :
sounds good to me
Posted by Johnwayne on :
Nice eye DBrown but those sound like CYA paragraphs to me. The last one in particular is fairly common for pinks and OTCBB's.
Have to get it up to .10 for additional financing? Sounds to me like the company is going to have to buy.
IMAKE- what's your buy in price here? I'm thinking of buying in after gap fill.
Posted by Doniboy on :
This is a shakerzzz play, and while all the reasons for volume that you guys are finding may be valid, the real reason this is flying is because the momentum players are in. It's a good chance to make cash, just be careful of the dump. I'm not bashing, just informing. I may get in tomorrow myself.
Posted by Johnwayne on :
Doni- Shakerzzz pumped this? Dang. Any idea wha time he started pumping it? Must have been late in the day. If your right than this will tank after the gap.
Posted by Doniboy on :
Actually he was pumping it all day. Maybe even the end of last week. I'm not sure. He is also pumping ipre, CBAY, and NLST. I got in CBAY.
Posted by Johnwayne on :
Looks to be some movement already this morning.
Posted by imakmony2005 on :
johnw, im in and its up pre market.
Posted by mdofmny on :
i am going to try and get in on this one!
Posted by imakmony2005 on :
Good start now let it go UPupUP. We got the volume.
Posted by imakmony2005 on :
I say for now say out of this, just might be some DILUTION!!
Posted by jdbigshooter on :
This sucks. I bought it at open, already losing
Posted by Johnwayne on :
Why would they be dilluting if they are trying to get the PPS up to .10? Seems like Donniboy's theory is probably right.
Posted by jdbigshooter on :
Should I sell out and cut my losses before it plumits?
Posted by imakmony2005 on :
IF THATS THE CASE THAN BUY NOW AT .0165.
Posted by imakmony2005 on :
This is as low as i have seen and if its a group play like donboy says than there screwed cuz its right where they got it at.BUY, IMO
Posted by imakmony2005 on :
Ok i risked it in deep now up, cost avg .0150 run.
Posted by imakmony2005 on :
mommy!!!
Posted by imakmony2005 on :
YES the MMs are stuck gonna go...........UP
Posted by imakmony2005 on :
GOING......................
Posted by shihah22 on :
this stock s-s-s-sucks! where you going? you ain't going anywhere!
Posted by shihah22 on :
TIMBERRRRRRRRRRRRRRR
Posted by imakmony2005 on :
GOING TO GIVE YOU ONE STAR,LMAO
Posted by shihah22 on :
I'm just here to save you from this POS. Tell me, where do you think your going?
Posted by shihah22 on :
No one touching this one with a 10 foot pole!
Posted by imakmony2005 on :
HELL IS WHERE IM HEADED SEE YOU THERE.
Posted by imakmony2005 on :
Im in at .0150 so im up now its over sold and going up too .03 to .07 imho.
Posted by shihah22 on :
let me repeat, TIMBERRRRRRRRRRRRRRRRRRR!
Posted by shihah22 on :
yea you better be quiet, LOL
Posted by imakmony2005 on :
LOL WHY? Its going up watch and learn.
Posted by Peaser01 on :
Looking for a double bottom monkey.
Posted by imakmony2005 on :
LMAO, shihah22
Posted by imakmony2005 on :
Im with you Peaser.
Posted by J&M on :
Imak did we not do well with the gravity thing? Or am I confused on the up down thing? IF it can get even a little closer to where I got in .02 then it is outta here!
Posted by imakmony2005 on :
J&M not sure what you mean, im in at .0150 and think it will pop.
Posted by shihah22 on :
Timberrrrrrrrrr
Posted by jdbigshooter on :
This stock is good to hold till late summer for hurricane season. You'll see it sky rocket. Get in now and just wait.
Posted by shihah22 on :
Going down folks! You can NOT find a buyer!
Posted by shihah22 on :
Why aren't ya'll chirpin' now? LOL
Posted by shihah22 on :
Lot's of suckers left holding the bag here. A sucker is born every minute!
Posted by imakmony2005 on :
And you would know SHIHAH22, LMAO IM IN AT .0150
Posted by shihah22 on :
how lo0o0o0w will this junk stock go??
Posted by imakmony2005 on :
chirp chirp chirp, LOL
Posted by imakmony2005 on :
CEOs of BUGS, SSWM Update to Shareholders is Now Available at SmallCapVoice.com
May 18, 2006 08:30:02 (ET)
AUSTIN, Texas, May 18, 2006 (BUSINESS WIRE) -- SmallCapVoice.com, Inc. today announced that the interview with guests, Bruce Beattie, CEO of Sub-Surface Waste Management of Delaware, Inc. (SSWM, Trade), and Robert Brehm, CEO of U.S. Microbics, Inc. (BUGS, Trade) is now available at http://www.smallcapvoice.com/sswm/index.html.
Bob Brehm and Bruce Beattie commented, "This was an excellent forum to provide our shareholders with the opportunity to present questions and hear firsthand our successes in Mexico and the bright future in an unrehearsed live recording format. We thank Stuart Smith of Small Cap Voice for making this medium possible."
About U.S. Microbics Inc.
U.S. Microbics is a business development and holding company that acquires, develops and deploys innovative environmental technologies for soil, groundwater and carbon remediation, air pollution reduction, modular drinking water systems and agriculture enhancement. For more information on the company, contact Robert Brehm at 760-918-1860 x102 or visit the website at http://www.bugsatwork.com.
About Sub-Surface Waste Management
Sub-Surface Waste Management Inc. is a majority owned subsidiary of U.S. Microbics, Inc. (BUGS) and provides comprehensive civil and environmental engineering project management services including specialists to design, permit, build and operate environmental waste clean-up treatment systems using conventional, biological and filtration technologies. SSWM is capitalizing on its patented technologies registered in Mexico with SEMARNAT, a Federal regulatory agency overseeing environmental compliance nationwide. For information on SSWM contact Bruce Beattie at 760-918-1860 x105 or visit their website at http://www.subsurfacewastemanagement.com.
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the company's SEC reports.
SOURCE: SmallCapVoice.com
SmallCapVoice.com Stuart T. Smith, 512-267-2430 info*Smallcapvoice.com Copyright Business Wire 2006
Posted by shihah22 on :
Ya'll still chirpin'? I think today's action may shut you up for good!
Posted by shihah22 on :
That fluffy pump job by the CEO did alot of good for this stock! LOL! Suckers left holding the empty duffle bag!
Posted by imakmony2005 on :
CHIRP CHIRP CHIRP! LMAO
Posted by imakmony2005 on :
Related Quotes Sym. Price Chg. BUGS Trade News 0.0157 0.0007 SSWM Trade News 0.048 0 BUGS Second Quarter Revenue Up 23% Over Prior Year; Additional Business in Mexico Accelerates Engineering Revenues, Reduces Losses
May 19, 2006 09:20:01 (ET)
CARLSBAD, Calif., May 19, 2006 (BUSINESS WIRE) -- U.S. Microbics, Inc. (BUGS, Trade) (BCN:615212) today announced financial results for the second quarter of fiscal year 2006 ended March 31, 2006. Quarterly revenue was up 23% and operating losses were cut 5% compared to the same period in the prior year, as new business development in Mexico continued to accelerate engineering service revenues.
BUGS CEO Robert Brehm commented, "BUGS' engineering services revenue continued to improve in the second quarter as assessment contract work was undertaken in Mexico by our environmental subsidiary, Sub-Surface Waste Management (SSWM, Trade). Our operating losses were also cut 5% for the second quarter as we continued to cut BUGS corporate overhead ($436,388 or 41% for the past six months) and increased Mexico business development expenses (up 63% or $473,450 for past six months). With the support of two state governors in Mexico for substantial emergency response and remediation work and new contracts signed but not yet started, we expect to surpass 2005 revenues and look forward to a prosperous year in 2006 as these projects come on line."
RESULTS OF OPERATIONS
For the Six Months Ended March 31, 2006 and Six Months Ended March 31, 2005
The Company had revenues of $371,036 and $306,320 during the six months and three months ended March 31, 2006, a 10% decrease and 23% increase respectively as compared to $412,462 and $248,381 of revenues for the six months and three months ended March 31, 2005. Revenues for the six months ended March 31, 2006 consisted primarily of revenue generated from the contracts for the State of Puebla, Mexico. Revenues for the six months ended March 31, 2005 consisted primarily of contracts for bio-remediation of hydrocarbons in contaminated soil for the state of South Carolina, a $100,000 consulting contract with USM Capital Group and engineering support services provided in Mexico. The decrease in six months revenue is due to a decrease in revenue from consulting contracts by USM Capital Group.
The cost of revenues for the six months and three months ended March 31, 2006 were $244,400 and $160,640, compared to $166,957 and $115,677 for the same period in 2005.
Gross profit for the six months and three months ended March 31, 2006 was $126,636 and $145,680 or 34% and 48% of sales compared to a profit of $245,505 and $132,704 or 60% and 53% of sales for the corresponding period in fiscal 2005. The higher revenue in 2005 was due to consolidation of revenue from a $100,000 contract from USM Capital Group. For the quarter ended March 31, 2005, USM Capital Group Inc. had revenue of $100,000 with no associated cost of sales. The remaining revenue of $312,462 had cost of sales of $166,957 with a gross profit of 47% or $145,505.
Selling, general and administrative ("SG&A") expenses for the six months and three months ended March 31, 2006 totaled $1,828,288 and $912,264 compared to $1,792,585 and $974,255 for the same period in fiscal 2005. SG&A expenses for the six months ended March 31, 2006 consisted of occupancy, payroll, accounting and consulting services. SG&A for the six months ended March 31, 2006 and for the six months ended March 31, 2005 consisted of Consulting expenses of $50, and $1,409, Engineering Services of $1,216,411 and $742,961, and Corporate of $611,827 and $1,048,215. There is 2% increase in SG&A for the six months ended March 31, 2006 compared to the same period for 2005. By segment there is a 63% increase in Engineering Services associated with business development in Mexico. Corporate SG&A cost cutting resulted in a 41% decrease.
The Company incurred a loss from operations of $1,729,333 and $780,293 for the six months and three months ended March 31, 2006, had negative cash flows from operations of $1,029,090 for the six months ended March 31, 2006 compared to a loss from operations of $1,574,451 and $855,453 for the six months and three months ended March 31, 2005, had negative cash flows from operations of $979,491 for the six months ended March 31, 2005. Basic and diluted net loss per share was $(0.01) and $(0.00) for the six months and three months ended March 31, 2006, compared to a loss of $(0.01) and $(0.00) for the six months and three months ended March 31, 2005. The Company is expecting the revenues for the year ended September 30, 2006, to be more than the prior fiscal year due primarily to a new remediation contracts in Mexico.
The consolidated financial data below has been derived from the Company's Financial Statements for the period of 9/30/2005, 12/31/2005 and 3/31/2006 as shown. For additional information and a discussion of risk factors, please see the U.S. Microbics current 10Q & past 10K reports at www.sec.gov.
U.S. MICROBICS, INC., AND SUBSIDIARIES Consolidated Condensed Statements of Operations (Unaudited) For the Six Months For the Three Months Ended March 31, Ended March 31, ----------------------------------------------- 2006 2005 2006 2005 ----------------------------------------------- Revenues $371,036 $412,462 $306,320 $248,381 Cost of revenues 244,400 166,957 160,640 115,677 -------- --------------------- -------- Gross profit 126,636 245,505 145,680 132,704 Selling, general and administrative expenses 1,828,288 1,792,585 912,264 974,255 Depreciation and amortization 27,681 27,371 13,709 13,902 -------- --------------------- -------- Loss from operations (1,729,333) (1,574,451) (780,293) (855,453) Other income (expense): 467 229 Interest income Interest expense (40,479) (65,585) (21,856) (26,865) Realized gain (loss) on sale of securities 30,525 Minority interest 129,191 261,787 79,690 118,604 -------- --------------------- -------- 119,704 196,202 (58,063) 91,739 -------- --------------------- -------- Net Loss Before Income Taxes (1,609,629) (1,378,249) (722,230) (763,714) Income tax expenses -- -- -- -- -------- --------------------- -------- Net loss $(1,609,629) $(1,378,249) $(722,230) $(763,714) ======== ===================== ======== Net loss per common share (basic and diluted) $(0.01) $(0.01) $(0.00) $(0.00) Weighted average common shares outstanding 277,166,578 154,280,731 293,280,139 161,298,211 March 31, As of Consolidated Balance Sheet 2006 09/30/2005 (UNAUDITED) (Audited) ---------------------------------------------- ---------- Balance Sheet Items Total Current Assets $367,791 $549,641 Total Current Liabilities $1,858,449 $1,930,818 Net Working Capital $(1,490,658) $(1,381,177) Total Assets $618,277 $767,167 Total Liabilities $1,858,449 $1,930,818 Minority Interest $5,832,998 $5,286,868 Total Shareholder Equity $(7,073,170) $(6,450,519) Total Shareholders Equity & Liabilities $618,277 $767,167 About U.S. Microbics, Inc.
U.S. Microbics is a business development and holding company that acquires, develops and deploys innovative environmental technologies for soil, groundwater and carbon remediation, air pollution reduction and agriculture enhancement. For more information on the company, contact Robert Brehm at 760-918-1860, ext. 102, or visit the website at www.bugsatwork.com.
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the company's Form 10-KSB and other publicly available information regarding the company on file with the Securities and Exchange Commission. The company will provide you with copies of this information upon request.
SOURCE: U.S. Microbics, Inc.
U.S. Microbics, Inc. Robert Brehm, 760-918-1860, x102 bob*bugsatwork.com www.bugsatwork.com Copyright Business Wire 200
Posted by imakmony2005 on :
hmm
Posted by imakmony2005 on :
pump bump
Posted by imakmony2005 on :
close Email this News Article Your Name Your Email Friend's Name Friend's Email Receive Copy: yes
SSWM 0.049 0.001
Today 5d 1m 3m 1y 5y 10y
BUGS 0.015 0.00
Today 5d 1m 3m 1y 5y 10y
BUGS Second Quarter Revenue Up 23% Over Prior Year; Additional Business in Mexico Accelerates Engineering Revenues, Reduces Losses U.S. Microbics, Inc. (OTCBB:BUGS) (BCN:615212) today announced financial results for the second quarter of fiscal year 2006 ended March 31, 2006. Quarterly revenue was up 23% and operating losses were cut 5% compared to the same period in the prior year, as new business development in Mexico continued to accelerate engineering service revenues.
BUGS CEO Robert Brehm commented, "BUGS' engineering services revenue continued to improve in the second quarter as assessment contract work was undertaken in Mexico by our environmental subsidiary, Sub-Surface Waste Management (OTCBB:SSWM). Our operating losses were also cut 5% for the second quarter as we continued to cut BUGS corporate overhead ($436,388 or 41% for the past six months) and increased Mexico business development expenses (up 63% or $473,450 for past six months). With the support of two state governors in Mexico for substantial emergency response and remediation work and new contracts signed but not yet started, we expect to surpass 2005 revenues and look forward to a prosperous year in 2006 as these projects come on line."
RESULTS OF OPERATIONS
For the Six Months Ended March 31, 2006 and Six Months Ended March 31, 2005
The Company had revenues of $371,036 and $306,320 during the six months and three months ended March 31, 2006, a 10% decrease and 23% increase respectively as compared to $412,462 and $248,381 of revenues for the six months and three months ended March 31, 2005. Revenues for the six months ended March 31, 2006 consisted primarily of revenue generated from the contracts for the State of Puebla, Mexico. Revenues for the six months ended March 31, 2005 consisted primarily of contracts for bio-remediation of hydrocarbons in contaminated soil for the state of South Carolina, a $100,000 consulting contract with USM Capital Group and engineering support services provided in Mexico. The decrease in six months revenue is due to a decrease in revenue from consulting contracts by USM Capital Group.
The cost of revenues for the six months and three months ended March 31, 2006 were $244,400 and $160,640, compared to $166,957 and $115,677 for the same period in 2005.
Gross profit for the six months and three months ended March 31, 2006 was $126,636 and $145,680 or 34% and 48% of sales compared to a profit of $245,505 and $132,704 or 60% and 53% of sales for the corresponding period in fiscal 2005. The higher revenue in 2005 was due to consolidation of revenue from a $100,000 contract from USM Capital Group. For the quarter ended March 31, 2005, USM Capital Group Inc. had revenue of $100,000 with no associated cost of sales. The remaining revenue of $312,462 had cost of sales of $166,957 with a gross profit of 47% or $145,505.
Selling, general and administrative ("SG&A") expenses for the six months and three months ended March 31, 2006 totaled $1,828,288 and $912,264 compared to $1,792,585 and $974,255 for the same period in fiscal 2005. SG&A expenses for the six months ended March 31, 2006 consisted of occupancy, payroll, accounting and consulting services. SG&A for the six months ended March 31, 2006 and for the six months ended March 31, 2005 consisted of Consulting expenses of $50, and $1,409, Engineering Services of $1,216,411 and $742,961, and Corporate of $611,827 and $1,048,215. There is 2% increase in SG&A for the six months ended March 31, 2006 compared to the same period for 2005. By segment there is a 63% increase in Engineering Services associated with business development in Mexico. Corporate SG&A cost cutting resulted in a 41% decrease.
The Company incurred a loss from operations of $1,729,333 and $780,293 for the six months and three months ended March 31, 2006, had negative cash flows from operations of $1,029,090 for the six months ended March 31, 2006 compared to a loss from operations of $1,574,451 and $855,453 for the six months and three months ended March 31, 2005, had negative cash flows from operations of $979,491 for the six months ended March 31, 2005. Basic and diluted net loss per share was $(0.01) and $(0.00) for the six months and three months ended March 31, 2006, compared to a loss of $(0.01) and $(0.00) for the six months and three months ended March 31, 2005. The Company is expecting the revenues for the year ended September 30, 2006, to be more than the prior fiscal year due primarily to a new remediation contracts in Mexico.
The consolidated financial data below has been derived from the Company's Financial Statements for the period of 9/30/2005, 12/31/2005 and 3/31/2006 as shown. For additional information and a discussion of risk factors, please see the U.S. Microbics current 10Q & past 10K reports at www.sec.gov.
U.S. MICROBICS, INC., AND SUBSIDIARIES Consolidated Condensed Statements of Operations (Unaudited)
For the Six Months For the Three Months Ended March 31, Ended March 31, ----------------------------------------------- 2006 2005 2006 2005 ----------------------------------------------- Revenues $371,036 $412,462 $306,320 $248,381 Cost of revenues 244,400 166,957 160,640 115,677 -------- --------------------- --------
Gross profit 126,636 245,505 145,680 132,704
Selling, general and administrative expenses 1,828,288 1,792,585 912,264 974,255
Depreciation and amortization 27,681 27,371 13,709 13,902 -------- --------------------- --------
Loss from operations (1,729,333) (1,574,451) (780,293) (855,453)
Other income (expense): 467 229
Interest income Interest expense (40,479) (65,585) (21,856) (26,865) Realized gain (loss) on sale of securities 30,525
Total Current Assets $367,791 $549,641 Total Current Liabilities $1,858,449 $1,930,818 Net Working Capital $(1,490,658) $(1,381,177) Total Assets $618,277 $767,167
Total Liabilities $1,858,449 $1,930,818 Minority Interest $5,832,998 $5,286,868 Total Shareholder Equity $(7,073,170) $(6,450,519) Total Shareholders Equity & Liabilities $618,277 $767,167
About U.S. Microbics, Inc.
U.S. Microbics is a business development and holding company that acquires, develops and deploys innovative environmental technologies for soil, groundwater and carbon remediation, air pollution reduction and agriculture enhancement. For more information on the company, contact Robert Brehm at 760-918-1860, ext. 102, or visit the website at www.bugsatwork.com.
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the company's Form 10-KSB and other publicly available information regarding the company on file with the Securities and Exchange Commission. The company will provide you with copies of this information upon request.
U.S. Microbics, Inc. Robert Brehm, 760-918-1860, x102 bob*bugsatwork.com www.bugsatwork.com Posted by gohigh on :
I made a fair amount of money on BUGS last year. I still have a few shares and am encouraged that we are starting to see some interest like there was last September.
Take a look at a 5 year weekly chart of BUGS on Bigcharts, and I think you'll see a regular pattern of upward spikes. No sense selling here. This is an opportunity to buy more.
Posted by jdbigshooter on :
I agree gohigh, BUGS is going to do really well in the coming months. I'd buy in more but I have too much tied in IPRE! lol
Posted by imakmony2005 on :
soon, hope so.
Posted by gohigh on :
It's going to be a busy hurricane season this year. I think you're safe holding BUGS for the long term even if it doesn's spike up right away.
Posted by imakmony2005 on :
BUGS is Founding Sponsor for Environmental Collaboration Website; Internet Platform to Serve As Catalyst for Reversing Adverse Environmental Trends
May 24, 2006 10:00:05 (ET)
CARLSBAD, Calif., May 24, 2006 (BUSINESS WIRE) -- Robert Brehm, CEO of U.S. Microbics, Inc. (BUGS, Trade) (BCN:615212), an innovative environmental products and services company, announced that the company is the founding sponsor for a collaborative website for people to work together to exchange information and ideas for improving the environment, including a collaborative environmental encyclopedia of articles, tools for web community environmental problem solving using environmentally friendly solutions, online experts for environmental consulting, and educational materials and links for all ages.
A soon-to-be-launched series of websites are designed to serve as catalysts for a community of environmentally aware individuals, groups, and organizations striving to work collaboratively to mobilize intellectual, human, social, political, and economic resources for the purpose of rapidly reversing environmentally adverse trends while advancing a sustainable balance of human needs (education, jobs, economic betterment, purposeful living) and the needs of other life forms in all parts of the world.
Brehm commented, "Many successful internet business models are based upon a collaborative network of individuals sharing their personal interests and using their individual skills, knowledge and experience to educate others, volunteer for projects, fundraising, leading group discussions or simply purchasing products meaningful to them. We intend to capture the spirit of these internet successes by creating an open-source collaborative model for individuals, groups, and organizations with environmental projects all over the world that could benefit from the collective efforts of many and the products and services offered by BUGS and others."
Brehm continued, "Many forecasters predict we will have 9 billion people on earth by 2050 or approximately 50% more then we have currently. To feed these people and provide water for them will require a new paradigm for food growth, clean soil and water, and a pro-active environmental policy. The products and services provided by BUGS and others, coupled with the collective effort of individuals and organizations around the world who foresee the benefits of a pro-active environmental policy, could significantly improve the health and social welfare of the local populace and create new jobs and attract new investment and business to the region while providing a sustainable balance of human needs and environmental stewardship."
Brehm concluded by saying, "Ghandi said we must become the change we want to see, and our success in Mexico has acted as the catalyst for BUGS to sponsor this effort for the rest of the world as we strive to provide technology and solutions to clean up the messes and feed the masses."
About U.S. Microbics, Inc.
U.S. Microbics is a business development and holding company that acquires, develops and deploys innovative environmental technologies for environmental cleanup and agriculture yield enhancement using local resources and stimulating regional economies in developing nations. For more information on the company, contact Robert Brehm at 760-918-1860 x102 or visit the website at www.bugsatwork.com,www.MikeyMicrobe.com or http://www.subsurfacewastemanagement.com.
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request.
SOURCE: U.S. Microbics, Inc.
Posted by Johnwayne on :
This one's gotta take off soon. Hurricane saeson starts Monday.
Posted by imakmony2005 on :
Related Quotes Sym. Price Chg. SSWM Trade News 0.046 -0.001 BUGS Trade News 0.0133 -0.0006 Mexico Federal Electricity Commission Funds First Phase of Award to ETI; SSWM Subsidiary to Start Work on First Contract at Electricity Generating Plant
May 31, 2006 10:03:01 (ET)
CARLSBAD, Calif., May 31, 2006 (BUSINESS WIRE) -- Sub-Surface Waste Management of Delaware, Inc. (SSWM, Trade) announced that its Mexico subsidiary company, Environmental Tec International, S.A. de C.V. (ETI), recently awarded a new contract for $1.1 Million from the Federal Electricity Commission (C.F.E.), will receive funds to commence the first phase of the project and mobilize to the job site in the near future.
Bruce Beattie, CEO of SSWM, stated, "C.F.E., the World's largest electricity company, has authorized funding for the first phase of this million dollar contract to implement a multi-faceted soil remediation project located at one of the largest power generating plants in the south of Mexico, in Merida, Yucatan, at Nachi Cocom. CFE deserves recognition for undertaking this positive and committed initiative as a lead Federal entity to address historic pollution cleanup at its facilities and comply with the environmental regulations promulgated by the Mexican Republic. We are pleased to be a part of this action."
About Sub-Surface Waste Management
Sub-Surface Waste Management Inc. is a majority-owned subsidiary of U.S. Microbics, Inc. (BUGS, Trade) and provides comprehensive civil and environmental engineering project management services, including specialists to design, permit, build and operate environmental waste clean-up treatment systems using conventional, biological and filtration technologies. SSWM is capitalizing on its patented technologies registered in Mexico with SEMARNAT, a Federal regulatory agency overseeing environmental compliance nationwide.
Investors and media contact Bruce Beattie at 760-918-1860, ext. 105, or via email at bbeattie*bugsatwork.com, or learn about the company by visiting its Web site at www.subsurfacewastemanagement.com.
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the company's Form 10-KSB and other publicly available information regarding the company on file with the Securities and Exchange Commission. The company will provide you with copies of this information upon request.
SOURCE: Sub-Surface Waste Management of Delaware, Inc
Posted by imakmony2005 on :