Budget Waste Inc. announced today that it expects to meet or exceed their original 800% annual revenue growth forecast.
Jim Can, CEO and President stated, “We have accelerated our growth strategy through acquisitions and expansion of existing services to take advantage of Alberta’s hot economy. We started off with approximately $1.2 million in annual revenues and based on the current market, our activity level and recent month end results, we are on track to meet or surpass the 800% growth forecast.” Due to significant public interest in the company, Budget Waste Inc. (BWI) is releasing the following corporate update:
Originally incorporated in 2001 with a mandate to provide waste removal services to the construction and industrial waste sector, Budget Waste Inc. went public in October 2004. In 2005, BWI reported annual revenues of $1.2 million and assets of approximately $400,000. Given past performance, current market activity and year-to-date revenues of over $7 million, BWI estimates that it will generate revenues of over $10 million, with current assets with a market value of over $8 million. Over the past 6 months BWI has completed the following acquisitions:
Company Business Line Budget Waste Inc. Waste Removal Kosland Waste Removal Ltd. Rural Residential Rocky Mountain Waste Services Inc. Residential Waste DB Waste Disposal (2005) Inc. Residential & Roll-off DB Porta-Podi Portable Toilets Strathmore Septic Services (1980) Ltd. Septic & Vac Truck AllWaste Systems Ltd. Construction & Recycling Provac Septic, Vac & Hydrovac Finnie Water Hauling Ltd. Water Hauling
Following its strategic growth plan, Budget Waste Inc. has recently signed Letters of Intent with the following companies:
— HydroVac Alberta Inc. — Recyc-Haul Waste Management Inc. — PJ’s Waste and Recycling Services Ltd. — A & R Waste
BWI anticipates closing these potential acquisitions over the next few months. The company will continue to aggressively pursue its acquisition strategy to become “the largest provider of waste solutions in North America.”