U.S. Microbics (BUGS.OB) reported that its management is working on many strategic projects which will prepare the company to take on significant new future business over the next year.
These projects include Mexico project financing, acquisition candidate due diligence, Bio-Raptor(TM) business development, and existing contract commencement and execution.
The completion of these tasks could transform the company, which had revenue of $514K last year, into a company with over $8MM in Mexico environmental cleanup and infrastructure contracts commencing this fiscal year and anticipated acquisition company revenues over $9MM in the U.S.
The Company indicated that it has expended significant resources dealing with new governmental political changes and business development within Mexico. BUGS has been redefining its mission as an environmental enhancement company, and delineating the long-range objectives for integrated growth which utilizes its core environmental products and services.
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