BUGS Subsidiary to Provide Services to Universal Broadband Communications.Business Editors CARLSBAD, Calif.--(BUSINESS WIRE)--Sept. 9, 2002 U.S. Microbics Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BUGS) announced today that its subsidiary, USM USM abbr. 1. United States Mail 2. United States Mint USM n abbr (= United States Mint) → US-Münzanstalt (= United States Mail) → US-Postbehörde Capital Group, Inc. (USMC) has entered into a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. contract with Universal Broadband Communications, Inc. (UBC UBC Uniform Building Code UBC University of British Columbia UBC Union of the Baltic Cities UBC United Brotherhood of Carpenters UBC Universal Battery Charger UBC Union of Baltic Cities UBC Universal Bibliographic Control UBC Used Beverage Cans ) to advise on merger/spin-off strategy with UBC affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. . The contract is valued at $110,000. USMC President, Conrad Nagel stated, "We are pleased that CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation has chosen USMC to provide financial services for their planned merger/spin-off activity. Our experience in this arena provides a service capability for firms considering merger/spin-off transactions and also forms the foundation for a new revenue stream for BUGS in conjunction with its other subsidiaries." Universal Broadband Communications, Inc. (UBC) is a publicly reporting California-based corporation, with headquarters in Irvine. UBC is a leading provider of next generation voice and data services to residential and enterprise markets. This highly aggressive provider offers a full range of enhanced long distance services, including switched and dedicated service, domestic and global calling cards, and toll free international calling. One of UBC's greatest strengths lies in its proprietary Internet technology, which enables customers to exploit the power of the Internet with a multitude of innovative and cost saving options. For more information on UBC's service offerings call 866.360.4UBC or visit www.ubcom.com. USM Capital Group, Inc. is the financial services subsidiary of U.S. Microbics, Inc. The USMC mission is to provide financial resources and services to other BUGS' subsidiaries and outside companies. For further information about U.S. Microbics or USM Capital Group contact Robert Brehm by phone at 760/918-1860, ext. 102 or learn about the company by visiting the Web site at www.bugsatwork.com. The information contained in this press release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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 The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. 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