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SUB SURFACE WST MGT DEL INC (U-SSWM) - News Release German Bank Issues LOI for $33MM for SSWM Environmental Emergency Response Stations in Veracruz, Mexico; SSWM/ETI to Equip and Operate Eleven Stations under Five Year Agreement
2006-06-07 15:57 ET - News Release
Also News Release (U-BUGS) US MICROBICS INC
CARLSBAD, Calif. -- (Business Wire) -- June 7, 2006
Sub-Surface Waste Management of Delaware, Inc. (OTCBB:SSWM), announced that officers of its Mexico subsidiary company, Environmental Tec International, S.A. de C.V. (ETI) have arranged for and received copies of letters of intent from Deutsche Forfait Bank (http://www.defag.de) sent to the State of Veracruz to provide $33 MM USD to equip eleven (11) Environmental Emergency Response Stations whose equipment procurement and staffing will be performed by ETI under a five year operating agreement with the State's Sub Secretary of Civil Protection. In meetings this past weekend during the 2006 Rains and Hurricanes Seminar hosted by Governor Fidel Herrera of the State of Veracruz, ETI executives were informed by Sub Secretary Ranulfo Marquez for Civil Protection that the order for establishing Environmental Emergency Response Stations has been increased from an original eight (8) to eleven (11) stations to be co-located at strategic Civil Protection response yards around the State. Bruce Beattie, CEO of SSWM, stated, "We are very excited to obtain the letters of intent from DF Bank and look forward to staffing, training and operating eleven emergency response stations throughout the State of Veracruz to address civil protection and exposure to toxic releases that occur periodically as well as during storm events such as hurricanes. We applaud Governor Herrera and his staff for their pro-active efforts in creating a comprehensive environmental emergency response and remediation service capability."
About Sub-Surface Waste Management
Sub-Surface Waste Management Inc. is a majority owned subsidiary of U.S. Microbics, Inc. (OTCBB: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. Investors and media contact Bruce Beattie at 760-918-1860, ext. 105 or 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. Contacts:
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Sub Surface Waste Management of Delaware, Inc. and Subsidiary (Name of small business issuer in its charter)
Delaware 51-0401125 (State or other jurisdiction of (IRS Employer Identification No.) incorporation or organization)
6451-C El Camino Real Carlsbad, California 92009 (760) 918-1860
Securities registered under Section 12(b) of the Exchange Act: None
Title of each class Name of each exchange on which registered None None
Securities registered under Section 12(g) of the Exchange Act: Common Stock, $0.001 par value per share
Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes |X| No |_|
Common Stock, $0.001 par value per share - 82,145,760 shares outstanding as of April 24, 2006
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quick trigger their prdponce! I always enjoy your picks, they always come with DD as well. I definitely see a gap up tomorrow, the question is, will it continue to run for a while after? Might jump in if it shapes up that way.
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quote:Originally posted by skipdeez: quick trigger their prdponce! I always enjoy your picks, they always come with DD as well. I definitely see a gap up tomorrow, the question is, will it continue to run for a while after? Might jump in if it shapes up that way.
Hehehe, Thanks
I hope for a small gap, a little retrace and then another run up pass the 1st high... no one knows... that is for sure...
as for the L2 it was pretty much the same line up at the news release
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quote:Originally posted by vinnie1: BUGS had the same pr wonder whats up.
Sub-Surface Waste Management Inc. is a majority owned subsidiary of U.S. Microbics, Inc. (OTCBB: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
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Sub-Surface Waste Management Inc. is a majority owned subsidiary of U.S. Microbics, Inc. (OTCBB: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
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now the question is, will they both run on the news?
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Not to overpost this, but what's the better play tomorrow, BUGS or SSWM? Seems like the both could run, but SSWM appears to be the company that was actually given the LOI. Not to mention they are a "majority" owned subsidiary of BUGS. Meaning that BUGS doesn't own all of them. Maybe I answered my own question...
quote:Originally posted by skipdeez: Not to overpost this, but what's the better play tomorrow, BUGS or SSWM? Seems like the both could run, but SSWM appears to be the company that was actually given the LOI. Not to mention they are a "majority" owned subsidiary of BUGS. Meaning that BUGS doesn't own all of them. Maybe I answered my own question...
Any thoughts on this?
LOL >> i think you are right... Biased of course....
I got IN BUGS last week with the big Vol at .014... got out with a small loss... IMO lots of selling there it could happen here also...
BUGS on last run on 50M vol it .014 to .018...
This one with a 50 Mil Vol, wont happen LOL, to da moon... hehehe...
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I'm gunshy in this market, don't get me wrong (let me tell you a story about a stock named IPRE)...but, today I watched a bunch of stocks (FGFC, RMDG, WWEN, etc) run on news just like they used to (ok, a month ago). You remember, last month befor I, and I'm sure many of you, started losing their ace!
This is my opinion, and I'm tired and have had a miller lite or 3, but SSWM looks good for a gap and a run tomorrow, I'm not in, but I am going to give it a shot in the AM... BUGS will probably follow suit as well... Good Night, and Good Luck...
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This is my opinion, and I'm tired and have had a miller lite or 3, but SSWM looks good for a gap and a run tomorrow, I'm not in, but I am going to give it a shot in the AM... BUGS will probably follow suit as well... Good Night, and Good Luck... [/QB][/QUOTE]
I would try ti get in inmediately at the open if it does not gap too much, if not would wait for the first dip and see how it goes from there... IMO
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Is this going to run again tomorrow. I got in at end of day hoping it will pop again. Not many mm's on the ask til .06 so I think it has a shot.
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it's that quick trigger of yours, I need practice!
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.. tomorrow morning shall be interesting..shall try to get in early.. lets see..
