
Home | News | Company | Projects | Services | Products | Investors | Contact
Press Release
SSWM Completes Transactions with USM Capital Group
New Investment and Subsidiary Purchase
CARLSBAD, Calif.--(BUSINESS WIRE)--September 19, 2007--Bob Brehm, CEO of Sub-Surface Waste Management of Delaware, Inc. (OTCBB: SSWM - News), announced today that the company has completed several key transactions with USM Capital Group, Inc. including the purchase of a new subsidiary, additional equity investment, and a transfer of assets as the company continues to enhance its balance sheet in preparation for new business in FY 2008 beginning on October 1.
SSWM purchased all of the outstanding stock of Worldwide Water Systems, Inc. (WWSI) held by USM Capital Group, Inc. WWSI is now a wholly owned subsidiary of SSWM and can be used as an acquisition/merger entity for future acquisitions by SSWM or as an operational entity for new business opportunities. WWSI was purchased under the terms of a stock exchange agreement between the companies.
SSWM also concluded an asset transfer from USM Capital Group valued at approximately $125,000 and accepted $13,900 in additional equity investment.
Brehm stated, "As we prepare for pending and future acquisitions we need to have a stronger balance sheet and the appropriate corporate tools such as WWSI to facilitate the acquisition/merger process. The transactions with USM Capital Group and other affiliate companies in the U.S. Microbics family help us prepare for our future growth."
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
www.subsurfacewastemanagement.com
Source: Sub-Surface Waste Management of Delaware, Inc.
Copyright 2007 SSWM
Website Terms and Conditions | For SSWM News by Email or Fax