Budget Waste Inc. (PINKSHEETS: BDGW) today announced that following a successful fiscal 2006 year, aggressive plans have been laid out for the 2007 year.
Revenues and operations have increased substantially over the past 18 months, and BWI is not going to slow this trend.
Plans for the 2007 year are outlined as follows:
1. Complete financial audit of the 2006 year end and for the first six months of fiscal 2007.
This process is currently underway and is anticipated to be completed over the next few months.
2. Move up to OTCBB.
Currently, BWI trades on the Pink Sheets under the symbol BDGW. Once the audited financial statements are completed appropriate documentation will be filed with the SEC to allow BWI to commence trading as a “reporting company” on a more regulated marketplace.
3. Undertake private placement.
BWI is currently putting together a private placement document to raise up to $5 million in new equity capital. Funds raised in this placement are intended to be used to finance new acquisitions and finance new capital purchases.
4. Attract institutional investment to BWI.
By providing current audited up-to-date financial information, and continuing to grow by acquisition, BWI intends to appeal to institutional investors and fund managers for possible equity and debt investment in the future for internal growth and other acquisition strategies.
5. Continue with growth by acquisition strategy.
BWI has had success with its growth plans over the past 18 months. Over the course of the next year, BWI intends to continue to identify quality companies for acquisition.