Sub Surface Waste Management’s Mexico Subsidiary signed an agreement with Perla Capital Group to acquire direct financing options for expansion. Perla Capital Group will be the company’s exclusive Financial Advisor to find the best options available to finance up to $7,000,000 for company growth, and working capital.
Bruce Beattie, CEO of Sub Surface Waste Management, commented that the company’s strategic plan for business growth into Mexico is maturing. He recalls that the company’s initial step into the Mexico market was very successful. The first project, valued at $1.5 Million, demonstrated the company’s abilities to other potential clients, and also made a positive impression on government officials searching for environmental solutions.
The CEO continued by saying, “Our next step was to contract directly with governmental entities including the State of Puebla and also with the electric utility for federal work. Contracted government business is now over $10MM and our contract procurement business model is working well in the Public sector through strategic teaming with the Autonomous Universities system in Mexico to facilitate technology transfer and job creation.”
His final words to the share holders revealed the companies successful efforts to gain the government’s attention, and that the company is currently pursuing contracts with clients to refine and adopt USA environmental regulations that are required by the NAFTA Treaty.
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