Budget Waste Inc. today confirmed that, effective on January 5, 2007, for each 2 shares held, one share was issued as dividend. All certificates are being sent to the Company by its transfer agent, and the Company will mail out the new certificates directly to stockholders of record as of December 20, 2006.
The previous market price of approximately $9.40 on January 5, 2007, was adjusted automatically to approximately $6.20 by NASDAQ to reflect the dividend shares. There has been no change in value to any stockholder.
Jim Can, Budget’s CEO, stated, “We conducted this forward split in the form of a dividend of one share for each two shares outstanding to add value to our stockholders in our growing market and to reward them for their support over the last year. We have completed several successful acquisitions over the last year and we contemplate more quality acquisitions in the future. We encourage our shareholders to continue their support and investment in their company for the long-term.”