BUGS Subsidiary Entering Final Negotiation Phase in Mexico Emergency Response Centers; SSWM/ETI Team Plans to Implement Two to Four Centers by the End of 2006.CARLSBAD, Calif. -- Robert Brehm, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of U.S. Microbics, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BUGS)(BCN BCN Beacon BCN Blue Care Network BCN Biblioteca del Congreso Nacional (Chile) BCN Backbone Concentrator Node (routers, Nortel) BCN Banco Central de Nicaragua BCN Broadband Convergence Network :615212), an innovative environmental products and services company, announced that its majority owned subsidiary, Sub-Surface Waste Management of Delaware, Inc., (OTCBB:SSWM SSWM Surface and Storm Water Management ), and its Mexico subsidiary company, Environmental Tec International, S.A. de C.V. (ETI (Embed The Internet) An earlier consortium that was devoted to putting Web servers into microcontrollers used in embedded systems. Using a Web server enables access to the device via any Web browser. See Web server and microcontroller. ), have entered the final negotiation phase to initially equip and staff and operate eleven Environmental Emergency Response Centers (ERC (database) ERC - An extended entity-relationship model. ) in Veracruz. The Centers are being set up to address civil protection and exposure to toxic releases such as fuel and oil spills This is a list of oil spills throughout the world. Large Oil Spills to Date Oil Spills of over 100,000 tonnes or 30 million US gallons, ordered by Tonnes Spill / Tanker Location Date *Tons of crude oil link that occur periodically as well as during storm events such as hurricanes. Brehm elaborated, "We have made significant progress in Mexico this year with new contracts from the electric utility and new cleanup projects in Puebla and Veracruz. We are now entering the final negotiation phase of establishing regional emergency response centers to protect citizens from environmental disasters. Not only are we providing environmental engineering services but we will also be enhancing the economic and social environment of Veracruz by establishing technical training and new jobs as the centers are implemented." Brehm further commented, "SSWM and ETI are in final negotiations with Governor Herrera of Veracruz and his staff to formalize the financing schedule for the capital equipment to be ordered from SSWM for the centers, and to develop specific siting and implementation schedules for the eleven centers under the terms of an ETI five year operating agreement An operating agreement is an agreement among limited liability company ("LLC") members governing the LLC's business, and Member's financial and management rights and duties. No state requires an LLC to have an Operating agreement. . ETI is also currently interviewing Mexico and USA subcontractors to determine resource capability and availability for the project which plans to implement two to four centers by the end of 2006. Brehm continued, "The emergency response centers project is no small task for any company. SSWM/ETI has done an excellent job by bringing both the project and the financing to the table, providing business development services with key government officials and coordinating US and foreign subcontractors. We expect the ERC project and other projects under contract and pending in various states of Mexico will provide record-breaking revenue year in FY 2006 and 2007 and put us on solid financial ground for the foreseeable future!" About U.S. Microbics Inc. U.S. Microbics is a business development and holding company that acquires, develops and deploys innovative environmental technologies for environmental cleanup The process of removing solid, liquid, and hazardous wastes, except for unexploded ordnance, resulting from the joint operation of US forces to a condition that approaches the one existing prior to operation as determined by the environmental baseline survey, if one was conducted. and agriculture yield enhancement using local resources and stimulating regional economies in developing nations. For more information on the company, contact Robert Brehm at 760-918-1860 x102 or visit the website at www.bugsatwork.com, www.MikeyMicrobe.com or http://www.subsurfacewastemanagement.com. The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial or Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion