MEXICO CITY - Mexican gas and oil pipelines were attacked in six places before dawn Monday, causing explosions, fires and gas leaks that forced the evacuation of thousands of people.
The blasts reverberated for miles. No direct injuries were reported, although civil defense agencies said two women in their 70s who lived nearby died of heart attacks shortly afterward.
A small, shadowy leftist group linked to similar attacks in July left a note claiming responsibility, a police official in the Gulf Coast state of Veracruz told The Associated Press. He spoke on condition of anonymity because he was not allowed to be quoted by name. Story continues below ↓advertisement
The note was found alongside at least one undetonated explosive device uncovered by soldiers in a swampy area about 550 yards away from a highway toll booth 25 miles north of the port of Veracruz, the official said.
The government did not immediately verify the information. Interior Secretary Francisco Ramirez said the federal Attorney General’s Office was trying to determine who was responsible for the “premeditated acts.”
“Pemex’s fundamental installations are adequately protected by our armed forces, and we will do our utmost to find those responsible,” Interior Secretary Ramirez said.
The six blasts happened about 2 a.m., according to a statement from the Mexican state oil monopoly Petroleos Mexicanos, or Pemex. The company immediately shut down the affected lines as well as an extra line in the area as a precaution.
'There is still a risk' Flames from the fires could be seen up to six miles away, said Pedro Jimenez, who was packing his family into a truck to leave. “You could see the fields of crops lit up.”
Dozens of families lined roadways to evacuate to local shelters.
Pemex said domestic gas and gasoline service would not be affected.
At four sections of the pipelines, fires broke out, while at others leaking gas prompted fears of explosions and forced civil protection authorities to evacuate several communities including Ciudad Cardel and Antigua, said state Civil Protection Deputy Director Ranulfo Marquez.
The explosions also prompted authorities to close two main highways.
“We still have a gas leak in the area of Ciudad Cardel,” Marquez said. “There is still a risk.”
Authorities also were checking to see if any gas had leaked into the Chiquito River, near the city of Nogales, said Nogales Mayor Marcelo Aguilar.
Mexico increases security Starting Sunday evening, residents reported smelling gas from the pipelines.
The explosions could be felt up to 12 miles away, Marquez said.
The July attacks forced at least a dozen major companies, including Honda Motor Co., Kellogg Co. and The Hershey Co., to suspend or scale back operations.
Those attacks sent the Mexican government scrambling to increase security at “strategic installations” across Mexico. It was not clear what security measures were in place Monday.
Mexico is a major oil producer and exporter, with oil and related taxes accounting for over a third of the federal government’s revenue. The United States imported 12.7 million cubic feet of natural gas from Mexico in 2006, about 0.3 percent of total imports that year.
Could this news affect US Microbics? Seems like it might if there are any environmental issues due to this incident. JMO.
-------------------- Please DON'T invest on JMO. Do YOUR research. Invest UR money the way YOU would like to! Thanks! ;)
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MIAMI - A tropical storm formed off the Gulf Coast on Wednesday, and forecasters warned residents of Texas and Louisiana to expect heavy rain and possibly flooding by this evening.
Named Humberto, the storm had winds of 45 mph and was already producing rain over the two states. Additional strengthening was expected.
National Hurricane Center specialist Jack Beven said about 5 to 10 inches of rain were expected along the middle and upper Texas coast and in southwestern Louisiana, with some areas possibly getting as much as 15 inches. Story continues below ↓advertisement
This has been a wet summer for Texas, so the extra rain could be “enough to create some considerable flooding,” he said.
Humberto was expected to cross the Texas coast later Wednesday within the warning area between Port O’Connor, Texas, and Cameron, La. A tropical storm watch was issued for Louisiana from Cameron to Intracoastal City.
At 2 p.m. ET, Humberto was about 70 miles south-southwest of Galveston, Texas.
Wednesday also saw the formation of a tropical depression in the open Atlantic. It was centered about 1,130 miles east of the Lesser Antilles, had maximum sustained winds near 35 mph and was moving west-northwest at about 12 mph.
-------------------- Please DON'T invest on JMO. Do YOUR research. Invest UR money the way YOU would like to! Thanks! ;)
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posted
SSWM Adds Investment Banker to Board of Directors
Sep 13, 2007 15:26:04 (ET)
CARLSBAD, Calif., Sep 13, 2007 (BUSINESS WIRE) -- Robert Brehm, CEO and Chairman of Sub-Surface Waste Management of Delaware, Inc. (SSWM, Trade ), announced that Mark Holmstedt will fill a recently created vacancy on the board. Mr. Holmstedt is a principal in the investment banking firm of Westhoff, Cone and Holmstedt headquartered in Walnut Creek, California ( www.wcah.com ).
In announcing the appointment Brehm stated, "I welcome the participation of Mark Holmstedt to the Board of Directors of SSWM. I believe his financial expertise, investment banking and business experience with environmental projects will strengthen our financial and managerial resource pool as we restructure the company to acquire, finance, and manage synergistic environmental service firms seeking growth through the resources of a public company."
About Mark Holmstedt
Mark A. Holmstedt has 28 years of public finance experience covering a variety of specialty areas. Mr. Holmstedt began his investment banking tenure with Blyth Eastman Dillon & Co. and was the director in charge of Bear Stearns Public Finance department in Los Angeles prior to becoming a principal of Westhoff, Cone & Holmstedt. He has a particular expertise in project financings and land secured transactions that involve the sale of securities through the use of an assessment district, redevelopment agency, community facilities district or combination thereof. Mr. Holmstedt graduated with honors in Business Management and Finance from the University of California, Davis.
Mr. Holmstedt is also credited with assisting in the development of the California Pollution Control Financing Authority's ("CPCFA") SBAF program that provides financial assistance to the CPCFA's resource recovery and recycling programs. He has completed transactions totaling over $2.5 billion in these areas.
For the past five years Mr. Holmstedt has been a Director on the board of U.S. Microbics, Inc.
About Sub-Surface Waste Management
Sub-Surface Waste Management of Delaware, Inc., a majority owned subsidiary of U.S. Microbics, Inc., (BUGS, Trade ), 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.
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.
Sub-Surface Waste Management of Delaware, Inc. Investors and media contact Robert Brehm, 760-918-1860, ext. 102
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
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I don't know this chart looks terrible. I guess if you believe now might be an entry opp. but it looks like it's got downward trend that's gonna be hard to reverse. JMO
-------------------- Let's Go METS!!!
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posted
I really hope so...been clinging to a lot of shares at .01 (I really feel that .015+ is on the horizon here....really need some current news. Granted, I know it won't get there today, probably not even this month...but it WILL happen...hopefully sooner than later.)
-------------------- Please DON'T invest on JMO. Do YOUR research. Invest UR money the way YOU would like to! Thanks! ;)
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posted
BUGS Increases Equity Investment in Subsidiary
Sep 18, 2007 12:52:14 (ET)
CARLSBAD, Calif., Sep 18, 2007 (BUSINESS WIRE) -- U.S. Microbics (BUGS, Trade ), a global environmental enhancement company, announced that the company is increasing its investment position in its environmental cleanup subsidiary, Sub-Surface Waste Management of Delaware, Inc., (SSWM, Trade ). BUGS has previously invested over $6MM into SSWM and is now increasing that investment another $400,000 to help strengthen the SSWM financial statements.
Robert Brehm, CEO of U.S. Microbics, "SSWM has previously identified an environmental transportation company as a potential acquisition and we are in the final due diligence and term sheet negotiation for this company which has historical revenues of $10MM plus per year. Although the acquisition terms are not yet complete, we are preparing for the event by taking steps to strengthen the balance sheet of SSWM by increasing our investment position in the company. We are excited about the future prospects of the target company and the expertise and complementary technology and management we bring to expand its growth."
Brehm continued, "SSWM is going through a metamorphosis from its beginnings as a remediation company to its current emphasis of rebuilding and creating new shareholder value through target acquisitions of environmentally related companies with proven business models. With the SSWM stock price at historically low values and a fast approaching fiscal year end for both companies, adding to our current investment in SSWM seemed prudent for BUGS and also helps SSWM as we prepare for our new business year beginning October 1."
About U.S. Microbics Inc.
U.S. Microbics is a global business development company that acquires, develops and deploys innovative technologies that positively enhance the environment for the benefit of mankind.
For more information on the company, contact Robert Brehm at 760-918-1860 x102 or visit the website at www.bugsatwork.com , or to be on the email list for press releases please visit: http://www.bugsatwork.com/emailfax.htm .
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.
posted
SSWM Completes Transactions with USM Capital Group
Sep 19, 2007 13:22:01 (ET)
CARLSBAD, Calif., Sep 19, 2007 (BUSINESS WIRE) -- Robert Brehm, CEO of Sub Surface Waste Management of Delaware, Inc. (SSWM, Trade ), announced today that the company has completed several key transactions with USM Capital Group, Inc. including the purchase of a new subsidiary, additional equity investment, and a transfer of assets as the company continues to enhance its balance sheet in preparation for new business in FY 2008 beginning on October 1.
SSWM purchased all of the outstanding stock of Worldwide Water Systems, Inc. (WWSI) held by USM Capital Group, Inc. WWSI is now a wholly owned subsidiary of SSWM and can be used as an acquisition/merger entity for future acquisitions by SSWM or as an operational entity for new business opportunities. WWSI was purchased under the terms of a stock exchange agreement between the companies.
SSWM also concluded an asset transfer from USM Capital Group valued at approximately $125,000 and accepted $13,900 in additional equity investment.
Brehm stated, "As we prepare for pending and future acquisitions we need to have a stronger balance sheet and the appropriate corporate tools such as WWSI to facilitate the acquisition/merger process. The transactions with USM Capital Group and other affiliate companies in the U.S. Microbics family help us prepare for our future growth."
About Sub-Surface Waste Management
Sub-Surface Waste Management of Delaware, Inc., a majority owned subsidiary of U.S. Microbics, Inc., (BUGS, Trade ), 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.
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.
Sub Surface Waste Management of Delaware, Inc. Robert Brehm, 760-918-1860, ext. 102
quote:Press Release Source: Sub-Surface Waste Management of Delaware, Inc.
SSWM Renews $1MM Working Capital Line for FY 2008 Friday September 21, 11:15 am ET
CARLSBAD, Calif.--(BUSINESS WIRE)--Robert Brehm, CEO of Sub Surface Waste Management of Delaware, Inc. (OTCBB:SSWM - News), announced today that the company has successfully renewed its $1,000,000 working capital credit line with Pilgrim Bank for an additional one year period during the FY 2008 fiscal year. ADVERTISEMENT
Brehm stated, "We are pleased to work with the professionals at Pilgrim Bank and a key shareholder who have extended our note for an additional year as we prepare for new business opportunities in the coming fiscal year. As we position SSWM for future acquisitions, we are making many changes to strengthen our balance sheet for future financing and favorable presentation of key financial ratios in consolidated financial statements with merger or acquired entities. The renewal of our working capital line is another step accomplished in our metamorphosis process."
About Sub-Surface Waste Management
Sub-Surface Waste Management of Delaware, Inc., a majority owned subsidiary of U.S. Microbics, Inc. (OTCBB:BUGS - News), 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.
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.
Contact: Sub-Surface Waste Management Robert Brehm, 760-918-1860, ext. 102
-------------------------------------------------------------------------------- Source: Sub-Surface Waste Management of Delaware, Inc.
-------------------- Please DON'T invest on JMO. Do YOUR research. Invest UR money the way YOU would like to! Thanks! ;)
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