QualityStocks.net News – Budget Waste Inc. On Pace for a 55% Increase in Annual Revenue – 3/4/08

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Budget Waste Inc. (PINKSHEETS: BDGW) is one of our highlighted companies this month. The company is a waste solutions company in Western Canada providing complete waste and recycling services to commercial, industrial, construction, homebuilding, oilfield and residential clients. They are a one stop shop that can supply companies with roll off containers, temporary fencing, recycling services, hydrovac services and even portable toilets. In addition to commercial clients, they offer residential trash collection and septic services to individuals.

In our client’s news yesterday,

Budget Waste Inc. announced that it is on pace for a 55% increase in revenues for the current year ending March, 31 2008. Thus far, BWI has generated an average monthly income of $1,350,000 for the 39 weeks of 2007, which puts them on pace for yearend revenue of approximately $16.2 million. This represents an increase of approximately $5,759,000 over the previous year’s income of $10,441,000.

Budget Waste can hit this 55% increase by just maintaining average numbers, but they are still expanding as a company via both natural growth and acquisition. In the past two years Budget Waste has acquired the following companies: 4M Water Hauling Ltd, Allwaste Systems Ltd, Alberta Hydrovac, AR Waste Services, DB Port-a-Podi Ltd., DB Waste Disposal Inc, Finnie Water Hauling, Kosland Waste Removal Ltd, PJ Waste Services, ProVac, Rocky Mountain Waste Inc, Strathmore Septic Ltd, and We Haul Waste Inc.

With regulations throughout North America pressing companies and individuals to be more vigilant in the way they handle their waste products, the company’s management sees vast opportunity for expansion of their distinctive services. They are confident that extraordinary growth and focus on customer needs will bring their stockholders outstanding value for the confidence they have placed in BWI.

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