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As previously announced, the Record date established for the distribution of Grey Creek shares is Nov 14, 2008. Every shareholder of record as of that date will be entitled to receive one (1) Gray Creek share for each twenty (20) BWI shares. All Gray Creek shares are restricted and may be re-sold by the holders only pursuant to Rule 144.
Since the Ex-Dividend date ("Ex Date") has not yet been confirmed with NASDAQ, BWI does not have a firm date by which the Gray Creek shares will be distributed to its shareholders.
BWI is currently in the process identifying a new merger candidate or new company to acquire by reverse acquisition in order to continue business as an operating entity. At this time, BWI has no assets (other than the Gray Creek stock that it will be distributing shortly) or operations and can be considered for the time being a "shell" company. Anyone may purchase or dispose of BWI shares at their own discretion and risk.
When BWI's board of directors has determined the best successor business to BWI, a public announcement will be made.
Budget Waste Inc. is a waste solutions company in Western Canada providing complete waste and recycling services to commercial, industrial, construction, homebuilding, oilfield and residential clients. With our broad range of innovative services we offer our customers more value for their dollar and reduce accounting costs by providing streamlined billing. BWI is currently following its growth through acquisition strategy with exceptional success. With regulations throughout North America pressing companies and individuals to be more vigilant in the way they handle their waste products we see vast opportunity for expansion of our distinctive services. We are confident that extraordinary growth and focus on customer needs will bring our stockholders outstanding value for the confidence they have placed in BWI.
For more information on Budget Waste Inc., please visit our web site at www.budgetwaste.com or contact our investor relations department at:
Budget Waste Inc. Investor Relations 3915 - 61st Ave. SE. Calgary, AB T2C 1V5 Ph: 403-255-2900 Toll Free: 1-888-255-2990 Fax: 403-255-3237 Email: ir@budgetwaste.com
Safe Harbor Act Notice: This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum, or prospectus. Specifications are subject to change without notice.
Budget Waste Inc. Investor Relations 3915 - 61st Ave. SE. Calgary, AB T2C 1V5 Ph: 403-255-2900 Toll Free: 1-888-255-2990 Fax: 403-255-3237 Email Contact
SOURCE: Budget Waste Inc.
http://www2.marketwire.com/mw/emailprcntct?id=7975AF777CE841CA
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