BBJ Environmental Solutions, Inc., Appoints New President, Expands Production Capability, and Updates Business and Financial Status
TAMPA, Fla., Jan. 31 /PRNewswire-FirstCall/ -- BBJ Environmental Solutions, Inc. (OTC Pink Sheets: BBJE message board, dd, quote, news), today announced the recent appointment of James Peyton Atkins as its new president and chief operating officer. Mr. Atkins joined BBJ from Spectrum Signal Processing(USA) of Columbia, MD, where he also served as its president. A former Marine Corps lieutenant colonel and pilot, Mr. Atkins was a vice president with Kaiser Aerospace and Electronics Corporation of Foster City, CA, prior to his leadership of Spectrum.
'Bringing Jim aboard BBJ,' said CEO Jean Caillet, 'will better enable us to implement our five-year plan, to organize our effort, to staff it, to adjust it, and to develop our customer relationships. He is charged,' Caillet added, 'with making things happen, and better than they have been done the last several years. Who better to do this than a US Marine and former president of a similar growth business?'
In addition to Atkins' appointment, the corporation recently began the expansion of its direct sales force in North Carolina, South Carolina, Georgia, Alabama, Tennessee, and Florida to support key wholesale HVAC/R distributors in those areas. Hiring is planned to continue throughout the remainder of 2006 to increase sales to key customers and prospects in Virginia, Maryland, the District of Columbia, Texas, Louisiana and Mississippi.
Along with the HVAC/R wholesale business, BBJ will continue its strategy of seeking contracts with commercial and governmental entities for engineering upgrades of those customers' HVAC/R systems. BBJ founder and president of the Indoor Air Quality Association, Robert Baker, said that the company has proposals outstanding to major commercial building owners, which can result in significant upgrade projects for BBJ.
'I am confident that our HVAC/R cleaning and anti-microbial products combined with our engineering expertise,' Baker said, 'will bring significant value to our customers as already demonstrated in one New York City project.' In that independently documented effort, BBJ demonstrated a 25% improvement in energy usage, he reported. 'With the imminent issuance of a new industry standard for the maintenance and cleaning of HVAC systems, BBJ is poised for rapid growth,' Baker said.
In Hong Kong, Bangkok, and Beijing, BBJ's sister Asian corporations have similar efforts ongoing with commercial and governmental organizations. CEO Caillet said that BBJ cleaning and anti-microbial products will be shipped from Florida for these Asian projects. BBJ has a pending contract with a major Thai building owner and one with the Chinese Government for four buildings that are projected to grow to many more.
Another pillar of BBJ's strategy is also demonstrating success, Baker reported. 'Although we can't name the participating partners,' he said, 'we have agreements with another two U.S. companies to market our HVAC/R products under their own label. Both these companies,' he said, 'thoroughly tested our products and verified our claims that these EPA-registered solutions are competitively the best on the market.' BBJ expects significant revenue the next two years from the two private label agreements.
New president James Atkins said that the company realizes that an aggressive marketing effort is needed to inform HVAC/R contractors of the benefits of BBJ products. 'We have a larger 2006 budget,' he said, 'that invests in direct advertising, trade show participation, electronic commerce and web site upgrades, and customer training on BBJ products.'
'We also are increasing our mold remediation business area effort, in the recognition of the incredible mold problems created by last year's hurricanes,' Atkins said. 'Our mold remediation and control products,' he added, 'are becoming more recognized by the industry and in greater demand. With our Engineering Services business area, we will strongly go after this market.'
In another indication of its progress, BBJ will relocate its production and support operations to a larger building in Tampa. CEO Caillet stated that the 50 percent increase in space is absolutely needed to keep pace with expected demand and company plans. 'Our production, storage and shipping square footage was adequate for the BBJ of 2000,' he said, 'but it does not meet our current needs, much less our expectations for our five-year US and Asian efforts.' BBJ will move into its new facility within 45 days.
BBJ's non-currency in SEC 10Q and 10K filings will be corrected in the first part of 2006 as the company recovers from its 2005 financial difficulties and the subsequent reorganization. Additional financial investments in the company will occur in the next few months, Caillet said, that will provide the funding margin necessary to move back into profitability.
FORWARD-LOOKING SAFE HARBOR STATEMENT
This news release contains forward-looking statements related to BBJ Environmental Solutions, Inc. These statements are made pursuant to the safe harbor provisions. Forward-looking statements involve risks and uncertainties, including the timely development and acceptance of BBJ's products, the impact of competitive products and pricing, changing market conditions and the other risks detailed from time to time in other company filings. Actual results may differ materially from those projected. These forward-looking statements represent the company's judgment as of the date of this release and BBJ may or may not update these forward-looking statements in the future. Readers are referred to BBJ's assumptions and risk factors set out in the most current Form 20-F filed with the Securities and Exchange Commission.
SOURCE BBJ Environmental Solutions, Inc.
