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CEOCFO: Will you tell us about the magnitude of the environmental problem in Mexico? Mr. Brehm: “The magnitude of the problem is significant. PEMEX, the Mexican National Oil Company, which provides approximately 80% of the revenue for the entire country, wants to spend about $3 billion dollars over the next five years to clean up their mess. They have currently allocated about $1.1 billion to do that. Currently, there are very few vendors who tap into that funding. We have been given the opportunity, by meeting with the top officials in the PEMEX subsidiaries, to pick prime projects that are of deep concern. We expect significant project revenue over the next couple of years from both PEMEX work and State government work related to the environment. throughout Mexico. It is interesting to note that most of Mexican water is classified as contaminated in different degrees of contamination. There appears to be very few areas classified as “clean water” in the country, and that is why most of us in the U.S. that go down and drink the water, get sick. Therefore, BUGS is going to help solve that problem for the locals and for tourists.”
CEOCFO: Is there any direct competition? Mr. Brehm: “When you clean up contamination, there are three ways to do it; we call it the three B’s, you burn it bury it or bug it. Typically if you want to get rid of contamination in soil, you dig it up, put it in the incinerator and burn it. That is being phased out, although it is still popular in Asia, but causes massive air pollution. The second method is to dig it up, put it in someone else’s backyard; that it what is done with landfills. In Mexico and other countries, they are realizing that hydrocarbons are all hazardous materials and you cannot put them in landfills anymore and you cannot burn them. There is only one effective method to get rid of contamination and that is called Bugging it (also called bioremediation). The process is fairly simple to understand; you put Mother Nature’s natural bacteria in a recipe on the contaminate and what they do is literally eat it up and the excrete carbon dioxide and water. Over time, the contamination will be completely gone. Mother Nature can do that in approximately 50 to 100 years, and we typically do it in a period of less than a year. That is the way Mexico has decided to do the majority of their waste treatment. The technology has to be approved by Mexico. Currently, we are the only known bio remediation company that has an approved technology down there. There will be more. People have not figured out how to get approved and do business in Mexico. We have been able to go to the highest levels and work ourselves down the chain rather than up the chain. As a result, there are classical competitors that only offer the classical solutions, which is bury and burn. We probably won’t see much competition over the next few years as we have an opportunity to be first in the market and to make sure our solution is the one of choice. Any environmental clean-up process that is approved in Mexico is usually approved throughout Central and South America. Magazines and financial reporting news agencies in South America do interviews with us to see how our technology can be used in their country.”
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I dont know it seems like down to the low 3's again Im going to sit out till then or later in the week. But as you know I could be kicking myself later.
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quote:Originally posted by bdgee: Silly wanna-bes.
Can't learn to be a dirty ol' man.
It's like teachin....it's a God given talent.....genes!
------------------------------------------------- You and Tex just keep right on chasing all the women around here..But be caerful, some of um may not believe in the hook and release rules!!!!
You guys ain't got a chance with LIL now, she thinks I'm cute and cuddly........
Woman is in fer a terrible surprise...
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LOL 2nd month Anniversary is about a week and a half away. We've been together for about 8 years now.![[Big Grin]](biggrin.gif)
