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Press Release
BUGS Increases Equity Investment in Subsidiary
Company Adds to Its Current
Investment for Future Growth Potential
CARLSBAD, Calif.--(BUSINESS WIRE)--September 18, 2007--U.S. Microbics (OTCBB: BUGS - News), a global environmental enhancement company, announced that the company is increasing its investment position in its environmental cleanup subsidiary, Sub-Surface Waste Management of Delaware, Inc., (OTCBB: SSWM - News). BUGS has previously invested over $6MM into SSWM and is now increasing that investment another $400,000 to help strengthen the SSWM financial statements.
Robert Brehm, CEO of U.S. Microbics, "SSWM has previously identified an environmental transportation company as a potential acquisition and we are in the final due diligence and term sheet negotiation for this company which has historical revenues of $10MM plus per year. Although the acquisition terms are not yet complete, we are preparing for the event by taking steps to strengthen the balance sheet of SSWM by increasing our investment position in the company. We are excited about the future prospects of the target company and the expertise and complementary technology and management we bring to expand its growth."
Brehm continued, "SSWM is going through a metamorphosis from its beginnings as a remediation company to its current emphasis of rebuilding and creating new shareholder value through target acquisitions of environmentally related companies with proven business models. With the SSWM stock price at historically low values and a fast approaching fiscal year end for both companies, adding to our current investment in SSWM seemed prudent for BUGS and also helps SSWM as we prepare for our new business year beginning October 1."
About U.S. Microbics Inc.
U.S. Microbics is a global business development company that acquires, develops, and deploys innovative technologies that positively enhance the environment for the benefit of mankind.
For more information on the company, contact Robert Brehm at 760-918-1860 x102 or visit the websites at www.bugsatwork.com, www.MikeyMicrobe.com or 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:
U.S. Microbics
Robert Brehm, 760-918-1860 x102
Source: U.S. Microbics
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