Message #73 From:
NewsBot Date: December 21, 2006 07:00:00 AM
BUGS News SSWM Subsidiary Receives Official Order to Proceed with $2 Million of Projects in Puebla, Mexico
CARLSBAD, Calif.--(BUSINESS WIRE)--Sub-Surface Waste Management of Delaware, Inc. (OTCBB:SSWM) announced
that its Mexico subsidiary company Environmental Tec International, S.A.
de C.V. (ETI) received official notice from the State of Puebla’s
Secretary of the Environment, Francisco Castillo Montemayor, to proceed
with remediation of two separate sites, critically impacted from
petroleum product releases, that have closed established freshwater
stream-fed commercial aquatic fish farm sites in the northern area of
the State. The Los Pinos project contract is valued at $902,000 USD and
the San Lorenzo project contract is valued at $1,078,000 USD. ETI staff
will commence work on these projects immediately.
Bruce Beattie, CEO of SSWM, stated, “Petroleum
contamination from these two projects has closed the fish farms and
adversely impacted the economic income of the farm’s
workers and their families. Governor Mario Marin Torres has asked us to
clean up the mess so that the farm operations can be restarted and the
people put back to work. The detrimental effect of contamination in
these sites is typical of the problems we see in many places in Mexico
and we are glad to be able to not only cleanup the mess but to also
restore the jobs of many displaced workers. Our technology and
experience coupled with the pro-active actions of the Governor and
Secretary of the environment not only helps the environment but also the
economic prosperity of the hardworking citizens of Puebla.”
About Sub-Surface Waste Management
Sub-Surface Waste Management, Inc., a subsidiary of U.S. Microbics, Inc.
(OTCBB:BUGS), 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. SSWM is
capitalizing on its patented technologies registered in Mexico with
SEMARNAT, a Federal regulatory agency overseeing environmental
compliance nationwide.
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.
