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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
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