BWIH disclosed objectives this morning to assertively seek acquisition targets in the Medical and Environmental Waste industries in both the United States as well as Canada. This follows an announcement made the previous week that the company is considering a franchise model which will be used for its Budget Waste brand of waste management services. To potential investors and the company BWIH believes this is a passage to developing a sizeable long-term business that can generate consistent income from franchise fees, management fees, to royalties.
Even with the decline of residential and industrial construction markets, Budget Waste reported revenues of $1,948,000 and $6,223,000 respectively for the three and nine months ending December 31, 2009. The Company also conceived a net income of $578,000 for the third quarter and $705,000 for the nine months ending December 31, 2009. BWIH is showing signs of great strength and improvement. Even when the stock fell to a low of .43 investors managed to push it back up to .65 by the time it closed.
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