In announcing the appointment Brehm stated, "I welcome the participation of Mark Holmstedt to the Board of Directors of SSWM. I believe his financial expertise, investment banking and business experience with environmental projects will strengthen our financial and managerial resource pool as we restructure the company to acquire, finance, and manage synergistic environmental service firms seeking growth through the resources of a public company."

 

About Mark Holmstedt  

 

Mark A. Holmstedt has 28 years of public finance experience covering a variety of specialty areas. Mr. Holmstedt began his investment banking tenure with Blyth Eastman Dillon & Co. and was the director in charge of Bear Stearns Public Finance department in Los Angeles prior to becoming a principal of Westhoff, Cone & Holmstedt. He has particular expertise in project financings and land-secured transactions that involve the sale of securities through the use of an assessment district, redevelopment agency, community facilities district, or combination thereof. Mr. Holmstedt graduated with honors in Business Management and Finance from the University of California, Davis.

  

Mr. Holmstedt is also credited with assisting in the development of the California Pollution Control Financing Authority's ("CPCFA") SBAF program that provides financial assistance to the CPCFA's resource recovery and recycling programs. He has completed transactions totaling over $2.5 billion in these areas.

 

For the past five years Mr. Holmstedt has been a Director on the board of U.S. Microbics, Inc.

 

About Sub-Surface Waste Management

 

Sub-Surface Waste Management of Delaware, Inc., a majority owned subsidiary of U.S. Microbics, Inc., (OTC-BB: BUGS), provides comprehensive civil and environmental engineering project management services including specialists to design, permit, build and operate environmental waste clean-up treatment systems using conventional, biological and filtration technologies.

 

Investors and media contact Robert Brehm at 760/918-1860, ext. 102 or visit the website at  www.subsurfacewastemanagement.com. To be on the email list for press releases please visit: http://www.bugsatwork.com/emailfax.htm.

 

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 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.

 

Contact:

Sub-Surface Waste Management of Delaware, Inc.
Robert Brehm, 760-918-1860 x102

bob@bugsatwork.com

 

Source: Sub-Surface Waste Management of Delaware, Inc.