Message #99 From:
QualityStocks Date: June 22, 2007 08:37:46 PM
SSWM Shares Up 8.70% Friday, as Parent Company Updates Shareholders
U.S. Microbics (BUGS.OB), the parent company of Sub Surface Waste Management Inc. (SSWM.OB) reports that its management continues to work on key strategic projects to prepare the company for business expansion over the next year.
These projects include financing for a subsidiary doing business in Mexico, acquisition candidate due diligence, Bio-Raptor(TM) business development, and current contract implementation.
Robert Brehm, CEO of U.S. Microbics, commented, “In order for us to prepare for the expected increase in future project revenues from the Mexico environmental cleanup company, Environmentaltec International, S.A de C.V. (ETI), operated by our subsidiary, Sub-Surface Waste Management (OTCBB:SSWM - News), we have worked with our investment bankers to finalize the financial analysis and capital markets valuation model used in the $7MM Structure Financing Information Memorandum for ETI.
U.S. Microbics is now ready to present the Information Memorandum to private and institutional investors who have an interest in this transaction.”
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