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SSWM Expands Working Capital Line for Mexico Projects
Line Expanded to $1MM for New Project Mobilization in Mexico
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Last Update: 10:00 AM ET Jan 25, 2007
CARLSBAD, Calif., Jan 25, 2007 (BUSINESS WIRE) -- Sub-Surface Waste Management of Delaware, Inc. (SSWM :
sub surface waste mgmt del i com
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Last: 0.03+0.00+3.33%
10:08am 01/25/2007
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SSWM0.03, +0.00, +3.3% ) announced that it has expanded its existing project capital line with Pilgrim Bank to $1,000,000 as it ramps up new project work in Mexico.
Bruce Beattie, CEO of SSWM, stated, "We are pleased to work with the professionals at Pilgrim Bank who helped us increase our working capital funding at a critical time in our project design and remediation work in progress in Puebla and the ramping up of remediation projects for C.F.E., the federal electric utility."
About Sub-Surface Waste Management
A subsidiary of U.S. Microbics, Inc. (BUGS :
u s microbics com
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Last: 0.01+0.00+11.94%
10:10am 01/25/2007
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BUGS0.01, +0.00, +11.9% ) , Sub-Surface Waste Management Inc. 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.
Investors and media contact Bruce Beattie at 760/918-1860, ext. 105 or bbeattie@bugsatwork.com; or learn about the company by visiting its Web site at www.subsurfacewastemanagement.com or to be on the email list for press releases please visit: www.bugsatwork.com/emailfax.htm
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.
SOURCE: Sub-Surface Waste Management of Delaware, Inc.
Sub-Surface Waste Management of Delaware, Inc. Bruce Beattie, 760-918-1860, ext. 105 bbeattie@bugsatwork.com www.subsurfacewastemanagement.com Copyright Business Wire 2007