BWI Holdings Inc. (OTCBB: BWIH) and Codido, Inc. (PINKSHEETS: CDID), formerly Budget Waste Inc., announces the following:
NASDAQ has received the necessary documentation to process the name change of Budget Waste Inc. to Codido Inc. This corporate action will take effect at the open of business Dec. 12, 2008. The new symbol on this date will be CDID.
As previously announced, the original record date established for the distribution of Grey Creek/BWI Holdings shares was Nov. 14, 2008; this date has now been changed to Dec. 17th, 2008. Every shareholder of record as of December 17, 2008, will be entitled to receive one (1) share of Gray Creek/BWI Holdings for each twenty (20) shares of BDGW/CDID. All newly issued Gray Creek/BWI Holdings shares are RESTRICTED and may be re-sold by the holders only pursuant to Rule 144.
The Ex-dividend date for distribution by BDGW/CDID of the Gray Creek/BWI Holdings shares has now been confirmed with NASDAQ as Dec. 12th, 2008.
As previously announced, BDGW/CDID is currently in the process of identifying a new merger candidate or new company to acquire by reverse acquisition in order to continue business as an operating entity. At this time, BDGW/CDID has no assets other than the Gray Creek/BWI Holdings shares that it will be distributing shortly to its shareholders. Anyone may purchase or dispose of BDGW/CDID shares at his own discretion and risk.
When BDGW/CDID’s board of directors has determined the best successor business, a public announcement will be made.
CDID (PINKSHEETS) and BWI Holdings Inc. (OTCBB) are separate, unrelated, stand alone companies.