posted
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!
-------------------- Fear Profits a man nothing!! 13th warrior--- we make 13.5 Posts: 33 | From: Newport NC | Registered: Mar 2006
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imakmony2005
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J&M not sure what you mean, im in at .0150 and think it will pop.
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This stock is good to hold till late summer for hurricane season. You'll see it sky rocket. Get in now and just wait.
Posts: 16 | Registered: May 2006
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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
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That fluffy pump job by the CEO did alot of good for this stock! LOL! Suckers left holding the empty duffle bag!
Posts: 79 | From: nyc | Registered: May 2006
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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
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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
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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.
Posts: 344 | From: Berkeley, CA | Registered: Sep 2005
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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
Posts: 16 | Registered: May 2006
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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.
Posts: 344 | From: Berkeley, CA | Registered: Sep 2005
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imakmony2005
unregistered
posted
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.
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