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Press Release Source: Sub Surface Waste Management
SSWM Issues Acquisition Term Sheet for Environmental Transportation Company Monday October 1, 11:15 am ET - Offer Includes Cash, Stock and Multi-Year Employment Agreement -
CARLSBAD, Calif.--(BUSINESS WIRE)--Robert Brehm, CEO of Sub Surface Waste Management of Delaware, Inc. (OTCBB:SSWM - News), announced today that the company has issued a term sheet for the merger/acquisition of an environmental transportation services company operating in the Southwestern United States. ADVERTISEMENT
The term sheet was issued for a total of $2.5MM in cash, stock and long term notes including a multi-year employment agreement for the current President. The purchase price is subject to final audited financial statements of the target company. Under the terms, SSWM would acquire the outstanding stock of the company in a merger/acquisition where the company would operate as a subsidiary of SSWM. The acquisition is a San Diego county based transportation company involved with building materials transportation and contaminated soil disposal. Annual sales in 2006 were approximately $10MM. The parties are working jointly to complete the formal acquisition within thirty days.
Brehm stated, "We are delighted to work with the President and his professional staff and we are excited about having them join the SSWM family. Both companies have worked hard to understand each other and the synergy for future business potential and expansion into other markets. I believe the addition of this company will add financial stability as well as serve as a platform for new business in the United States and Mexico as we develop new business opportunities in 2008 and beyond. I look forward to beginning the new fiscal year with a new direction and commitment to increasing shareholder value with a proven business model."
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.
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im gonna give you some advice nitti, b/c your posts are painful..you gotta go learn how to read a chart. you are playing this one wrong. charts say wait. you gotta read the filings too, man this pos on the L2 is like watching paint dry, i follow this close, reminds me of UPDA, its like a stock stuck in quicksand until the charts signal.. lucky hurricane news can change everything, dont count on it, stick to the charts... JMHO
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Dude...I know very well how to read a chart..
I DO appreciate any and all advice, so please don't misread my first statement.
I have been stuck in this now for eons...thought about trying to eat away some loss by making some bottom plays, but it has been just far too awful the past week and a half....
Oh, and I didn't buy back in at .004 (I don't dare buy any of this now and am just like JJ...feel like I couldn't even give the shares away).
.003 today? Trend seems to say we are going to hit .003's....
Good luck to those of us still holding this...I should have sold at .01 when I had the chance in July or August....
-------------------- Please DON'T invest on JMO. Do YOUR research. Invest UR money the way YOU would like to! Thanks! ;)
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USM Capital Group Signs Consulting Contract with Quick Quarters, Inc.
Nov 14, 2007 10:49:01 (ET)
CARLSBAD, Calif., Nov 14, 2007 (BUSINESS WIRE) -- USM Capital Group, Inc. (UCGI), the financial services subsidiary of U.S. Microbics (BUGS, Trade ), today announced that it has signed multiple one year agreements with Quick Quarters, Inc. (QQI), for strategic consulting, public company merger, investor relations and capital fund raising plan development. The value of the contracts is approximately $200,000 and they commence immediately.
The arrangement is the result of several weeks of discussions between executives, as preliminary initiatives and strategic goals were explored. QQI has sold its products to the Federal Emergency Management Agency (FEMA) and has identified substantial market opportunities for its products including temporary shelters for disaster situations. The company has decided to pursue a merger into a public shell in order to quickly access growth capital and new product deployment. UCGI will assist QQI in its transformation from a private company into a public entity.
ABOUT Quick Quarters, Inc.
Quick Quarters is headquartered in Bellevue, Washington and has a manufacturing facility in Somerset, Kentucky. Quick Quarters is dedicated to creating and selling high quality, reasonably priced solutions for temporary structural needs. The company offers unique containerized, transportable, and re-deployable structures for both public and private applications in domestic and foreign markets including temporary shelters for emergency response and disaster situations. For more information visit www.QuickQuarters.com
ABOUT USM CAPITAL GROUP, INC.
USM Capital Group, Inc. (UCGI), is the financial services subsidiary of U.S. Microbics Inc. (BUGS, Trade ) and provides management consulting, administrative services and investor relations services to its clients. For more information contact Robert Brehm at 760-918-1860 x102 or see the website at www.usmcapital.com .
The information contained in this press release included forward-looking statements usually contains 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 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. This press release does not constitute an offer to buy or sell securities.
SOURCE: USM Capital Group, Inc.
USM Capital Group, Inc. Robert Brehm, 760-918-1860 x102
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