Message #77 From:
Stock News Bot Date: February 14, 2007 07:00:00 AM
BUGS News U.S. Microbics Signs Joint Teaming Agreement
CARLSBAD, Calif.--(BUSINESS WIRE)--U.S. Microbics (OTCBB:BUGS), announced that it has signed a teaming agreement with Everstech, LLC for the purpose of executing joint project activities in process engineering, bio-treatment of waste product from agricultural and animal feeding/waste operation and bio-energy product production on a worldwide basis.
Dennis Evers, PhD., President of Everstech, comments, “We have been using U.S. Microbics microbial blends over the past several years in a variety of applications turning waste streams into revenue sources and creating a very cost efficient ethanol production pilot plant. Our goal is to reuse and recycle the waste streams from these industrial processes to generate new revenue sources or cut the cost of production by utilizing bio-energy from the waste streams. Our proprietary process technology and U.S. Microbics microbial blends are particularly effective and we would like to collectively utilize our joint expertise on a global basis including environmentally proactive countries like Mexico and Brazil.”
Robert Brehm, CEO of U.S. Microbics, commented, “We are delighted to collaborate with Dennis Evers as we build new market opportunities based upon his proprietary processes and our microbial products and applied environmental engineering expertise. His experience with the ethanol production process in America’s Heartland brings new revenue potential for BUGS as we jointly evaluate the position we want to pursue in the global bio-fuels market. Although we have good political support, available land for feedstock growth and plentiful labor in Mexico we will be looking at all opportunities to use our joint products and services for new and existing bio-fuel operations.”
About U.S. Microbics Inc.
U.S. Microbics is a business development and holding company that acquires, develops and deploys innovative technologies for environmental cleanup, agriculture yield enhancement, bio-energy generation and conversion, and waste stream optimization in developing nations using local resources to stimulate regional economies.
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.
