Budget Waste Inc. (PINKSHEETS: BDGW) today released further information addressing the common operations BWI shares with Broadband Communication Services Inc. (BBCS).
Due to the large number of inquiries from shareholders and potential shareholders regarding the LOI with BBCS and the reasoning for this potential acquisition, BWI has released the following information.
BBCS is currently involved in underground construction operations with multiple clients and has operations in several States. These operations frequently involve hydro vac construction and vacuum truck services. BWI is also currently involved in hydro vac and vacuum truck operations throughout its service area. Expansion into BBCS’s current service area would give BWI an instant foothold into the US and possibly into South America.
While BBCS does not currently operate Waste and Recycling services they are involved in the construction industry, an area in which BWI has vast experience, providing waste hauling, recycling, portable sanitation services and site security (temporary fencing). The potential for vertical integration involving these services can likely have a very positive effect on the organic growth of BWI. Additionally the potential addition of operations and clients from BBCS will benefit BWI not only by providing an increased customer base, but also by diversifying its operations BWI will reduce the impact of economic fluctuations among different markets
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