Message #74 From:
NewsBot Date: January 3, 2007 07:40:00 AM
BUGS News BUGS Continues Expansion in New Year with Strong Backlog and Contracts in Progress
CARLSBAD, Calif.--(BUSINESS WIRE)--U.S. Microbics, Inc. (OTCBB:BUGS) (BCN:615212), an innovative
environmental products and services company, has started the New Year,
and second quarter of its fiscal year, with $2.5MM of work in progress,
and a backlog of $6.4MM expected to start in the current quarter through
its subsidiary Sub-Surface Waste Management (OTCBB:SSWM).
U.S. Microbics and its subsidiaries work with the heads of state and
federal government in Mexico to create new jobs and economic prosperity
by establishing infrastructure, technology and protocols for a new
environmental cleanup industry with beneficial social and economic
change for the country.
Robert Brehm, CEO stated, “I am very pleased
and optimistic about our future in Mexico as we begin to enjoy the
fruits of our business development efforts over the past two years in
Mexico. After a slow start in 2006, we are on track for record-breaking
revenues in 2007 with current contracts expecting to yield $8MM in FY
2007 revenue if started as scheduled with the state governments and the
federal electric company. We also have pending contracts for eleven
emergency response centers and several landfill projects which should
gain traction this quarter and could start implementation in 2007. This
fiscal year is shaping up to be our best ever and puts us on the road to
positive cash flow and profitability as we help our neighbors to the
south create jobs and economic opportunity in their own country using
American technology and know-how.”
About U.S. Microbics Inc.
U.S. Microbics is a business development and holding company that
acquires, develops and deploys innovative environmental technologies for
environmental cleanup and agriculture yield enhancement using local
resources and stimulating regional economies in developing nations.
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.
