Here is the chat from yesterday:
">": answer Mr Brehm
> Good evening all
hi Mr. Brehm
Hallo Nr. Brehm hi
Hello Mr. Brehm Hi Hr. Brehm!
Hello Mr. Brehm
nice to see you
good evening
thx for the good news!
> you must all be buying stock today!
should we?
:}}
Hi Mr. Blehm, my first question has to do with the settlemensts between BUGS and Mexiko..what for NEws can
we accept?
you have the questions from german Investors?
A bit. L?lL
> Yes I have the questions - 10 in total
yes
5 Mio volume in US!!
quite impressive
Yep, Might see 10mil bv close. 1 more hour to go
Mr. Brehm, we hope we will see more good news next time....
> Mexico is a wonderful opportunity for BUGS and SSWM. We already have a million dollar contract which is still ongoing. Additional contracts are awaiting zignature as we speak.
Can you say us something about the personal form BUGS?how many workers have you?
Do all the Hurricans effect your company, in positiv ways?
Is the hurricane damage in Mexico causing setbacks to possible new contracts?
Can you say us something about the personal from BUGS? how many workers have you? and in mexico?
> More 1nfo on mexioo can be found on the www.bugsatwork.com/investor.htm page (at the bottom under CEOinterview.
Here is general Info recap:
Mexico in 2004 enacted the similar environmental laws that we enacted back in the 1970's in the U.S., and created their own Environmental Protection Agency. They now want to enforce these environmental laws according to their agreements under NAFTA and The World Trade Organisation treaties. However, they do not want to
repeat all of the problems that have plagued the U.S. environmental market over the last thirty years, so they have taken a fresh
Mexico in 2004 enacted the similar environmental laws that we enacted back in the 1970's in the U.S., and created their own Environmental Protection Agency. They now want to enforce these environmental laws according to their agreements under NAFTA and The World Trade Organization treaties. However, they do not want to repeat all of the problems that haue plagued the U.S. environmental market over the last thirty vearz, so the7 have taken a fresh
if alot of Citys get overfloadded does these means that you get more orders?
seeing that the Water should be cleaned...
how many people Works for BUGS?
> Let me speak about hurricanes and disastors in general
SSWM is NOT an emergency response company, but cleans
up the water and contaminated soll after the event occurs. As such, the hurricanes cause contamination and we are given the opportunity to bid on the work, we are glad to do so. However only 1% of the hurricane work in the USA has gone to Small business and 99% has gone to pre-approved governrnent contractors on the Corp of Engineers li
are there some other companies who are working in the saure range?
when do you expect orders for patent no 6905603 b2, the carhon reactivation technology
what is the total estimated size of the contracts in Mexico that are waiting approval?
Vae have about 15 people at BUGS and many contractors. Our Labor company partner in mexico has 100's of people which we can use on projects. Our goal is not to have lots of people but to manage the projects and employ local workers to heip cleanup their own country. Our overhead (burden) is lese and we make more profit and the local ecnnnmv is st,imulated
in which countries is BUGS active?
> Let me speak to mexico contracts and our business in general. In the environmental business, we usually are asked to Write an assessment report defining the magnitude of the problem and engineering the solution and arriving at a total cost. many projects have undetermined costs until samples are taken and the digging starte.
How do vou see the general situation, with your shares? Since 1 Month it's loosing almost every day on value, even do the News are in fact good!
so is there like a big hidden order that the shareholders may suppose?
are there any contracts besides the one in today's PF where you have already sampled the area?
or how is that to explain?
> More on contracts. In our current $1MM contract we did an assessment report for $50,000 AND THE CONTRACT TOTAL IS ESTIMATED AT $1mm TO $2mm WHEN COMPLETE. Our current assessment contracts awaiting approval are near $1MM which could (I said could not will) possibly have $10-$25MM in total cleanup contracts once we have engineered the solution. We would like to think we 'will get all the cleanup work, but we may also have to work with other compa
okay, thank you
but these are nice prospects.
> BUGS is currently in the USA, Mexico and has contacts in Germany with a current company which is reorganizing to be able to use our technology. We are also investigating many other contacts in brazil, Ecuador, Venezuela, China, Malaysia and South America. hie haue a lot of interest from brazil and that is why part of our website is in Portuguese.
Great
> Meine Deutsch is nicht au qurit, bitte english!
you say china, but what are you doing in china and what do you expect in china?the big china
wenn das suellen hört
I am very impressed Sir!
wenn sue dass hör...werd mich freuen
More an mexico. We have been asked to provide assessment proposals for many sites in Mexico. And we have submitted the proposals to the proper authorities and through the University. We expect to hear about their acceptance and funding any time, but remember we are in a foreign country and they move at their own pace. We can help their country clean up many of their drinking water problems and soll contamination and they have solicited our hel
is lt correct, which becomes active an public relation-agency for lt?
yes thats right.
> We expect about $ 1MM in assessment contracts which could lead to $10-$25MM in cleanup projects over several years. We are also being asked (as stated in prior PR), to provide proposals for emergency response programs, river and refinery cleanups, education seminars and other infrastructure programs to help make the Mexico EPA more successful. We think we are in a good position
the patent was anniLunee!_i en lune 16th - a solution for a 400rtan/year usd probier'
everybody says that in 30 years we have not enought drinking water. do you think that the technologie of bugs will have great thimes in the future?
by the way: RT
Can you handle contracts which could lead to $lOmm-$25mtt without problems?
> our latest patent for Bio-GAC™ has several interests from both large and small companies. We have not used lt in mexico yet, but is has been used successfully in large refinery in california and most importantly can be used as new technology WITHOUT a new permit being required for the facility. It is vey cot efffective to not have to exchange dirty carbon for new carbon. We are about 1/2 the price to use compared to cleaning existinq carbo
Questions?
To expect orders from this patent?
yes about the techology of bugs and de future? the problem with the drinking water...
what's the latest status of your Joint venture withwaterchef inc.
what is the future of BUGS and Winston Holdings Inc?
Mr. Brehm, Does US Microbics Inc have any plans on releasing any more S-8's in the future? This has been the stock bashers best friend in regards to BUGS.
> Yes we must change our habits as earthlings so that we have more food, better water and less messes. The BUGS technology currently is used for cleaning water and soll. We also have technology for increasing the size and quallty of agricultural products such as tomatoes, wheat, basic food groups grown on farms as well as increasing the size and yellds of shrimp, fishm shell fish products. Our goal os to provide products and technoloq7 to feed t
ok.thank you sir!
> Winstead holding is doing the business development for the Gaeacare project. They are trying to secure the project contracts and they need out engineering support to write the proposales an carry out the work for any cleanup. We are a partner and a vendor to the Gaeacare, but the business development is being handled by them and any future business is based upon their efforts. We have mang more opportunities in mexico to work on at this time.
on jan. 10th you Said your goal is to increase gross revenue to $5-$10hw in 2005 - can you still achieve this size?
> We autorize the S-8's tor our employees option plans. But authorized stock does not mean it will all be issued. We are currently filing an SB-2 update in SSWM that will provide an equity line for SSWM up to $6MM and can be used for working capital and projects. When that is approved by the SEC (shortly we hope), we should not have a need to use any more 5-8's. Our record breaking revenue this year has helped us with cash flow and we have iss
what do you think about a publicity in USA/Mexico?
> In January of 2005 we were still actively involved with our acquisition program and we doing due diligence an a potential $80MM acquisition. We expected top complete this acquisition (and one other) in 2005. However, our due diligence turned up some major problems and we turned down the acquisition after spend a lot of time and money. The other acquisition is still available, but the Mexico opportunity allows us to grow very much faster so we
Sir, you were saying we have iss
> Upon award of the expected mexico assessment contracts AND the sunsequent cleanup contracts, we should be able to have $10MM to $25MM in expected revenue in 2006.
what's the latest status of your Joint venture with waterchef Inc.
> Our PR for mexico related business is usually released in spanish in mexico city and in English in the US. We have received good response from the people of mexico and they appreciate our efforts to date. We look forward to helping them further.
The JV with C-Trade using the WaterChef machines is in progress. We are waiting for C-Trade to place the machines into locations where we can both enjoy a good revenue stream. The potential is great but the timing in still incertain.
more questions?
mr. brehm and what can you say about the year's result of 2005?
is bugs a potential candidate for an aquisition, friendly or unfriendly?
> Our last quarter (ending September 30) was also very good as the first three record breaking quarters. Final results havent been given because they are subject to audit and final adjustments. Business was very good as preveiusly stated in PR and we expect the quarter ending 12/31 to also be impressive.
Great
and give the german financial organization more direct Information.
sounds very good Sir
> Share price predictions are hard to do. BUT if revenue and earnings are rauch higher as we expect with Mexico, 1 would expect share prices to be higher also. SSWM and BUGS should track together. Higher SSWM should mean hinger SShE. Since there are fewer shares of SSWM in the float, I would exoct lt to go up faster with the same demand of buying
What role did honca investments play and why did they
Constantly selling shares?
The share price of BUGS is currently attractive at lt' pps.
> As far as being acquired, I would expect that as soon as we hit $50MM to $100MM in revenues, we would be an excellent candidate for acquisition. That seems to be the size level of interest in the environmental industry. We do have anti-takeover provisions in effect. We also have several major Investment entitie looking at major expansion help for the agricultural growth enhancement business with out BI-Agra(TM) and Bio-Miracle(TM) products.
Boca Investments is a business development firm we use and pay with restricted shares. as they reach 12 months old, he sells them for expenses. We have had excellent work from him.
thank you very much
> I believa BUGS (and SSWM) are at very attractive prices today.
why did you seil at 0,04
What is your invQlvtmtnt with MotorSports Emporium?
> I bought a lot of shares of BUGS recently and consolidated accounts and had a small block of BUGS I sold so I could consolidate my holdings. I currently have more shares then ever before in BUGS and also SSWM.
how many shares BUGS are in your depot?
18 Mio?
so do I!
> I am a major shareholder in MSEP but do not get involved in the day to day operations. BUGS and SSWM are my major efforts.
Yes my BUGS holdings are over 18MM
You can see my hoLdings an the websit_ www.bugsatwork.com/investor.htm - just look at the fort. 3,4 5 filings for both SS1'M and BUGS Any more Q's?
Hello Robert, sorry I'm to Tate. BUGS has a reputaton for quality. That's good!
weitere Fragen?
> Yes we like to do things right!
Thank you for the opportunity of chatting - please email me at bob*bugsatwork.com
cu Mr. Brehm
THANX for chat!
Thank you very much Mister Brehm! |
