BUGS Recapitalization, Name Change Postponed 12:35p ET March 25, 2008 (Business Wire) U.S. Microbics (Pinksheets:BUGS), announced a postponement of its reverse/forward common stock split, reincorporation and name change scheduled for March 28, 2008 due to extra time needed for legal work and for regulatory agency filings. A revised date and reorganization plan will be announced in the future.
About U.S. Microbics Inc.
U.S. Microbics is a holding company providing administrative management services to its operating subsidiaries.
For more information on the company, contact Robert Brehm at 760-918-1860 x102.
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.