| BUGS -- U.S. Microbics Inc.
Latest PR:
9/30/2005 BUGS and SSWM End Fiscal Year 2005 on Upbeat Note
Record 2005 Revenues and International Opportunities Prelude to 2006 Success
CARLSBAD, Calif.--(BUSINESS WIRE)--Sept. 30, 2005--Robert Brehm, CEO of U.S. Microbics, Inc. (OTCBB:BUGS - News; BCN:615212), an innovative environmental products and services company, announced that BUGS has completed FY 2005 with record-breaking revenues and backlog, new patented technology, a new website, and new business opportunities in Mexico that sets the pace for an optimistic FY 2006 that should bring the company's innovative environmental clean-up solutions to international customers seeking to solve their country's environmental problems using local resources and labor with the help of BUGS' engineering services, proprietary products and patented processes.
Brehm commented on the FY2005 accomplishments, "2005 has been an exciting year with many accomplishments and I am proud to be associated with a group of loyal employees who understand the wisdom and commitment we have in making the world a better place using mother nature's technology applied with engineering precision."
Brehm added, "The Mexico operations, under the guidance of Sub-Surface Waste Management (OTCBB:SSWM - News), continued to generate record-breaking revenues each quarter this fiscal year (up 82% in first 3 months, 129% in six months, and 334% in nine months compared to prior year), indicating improved market acceptance of our technology and services. We expect revenues to further increase as we complete existing contracts and receive additional contracts in Mexico." A recent interview given by Mr. Brehm including an update on progress in Mexico is available at www.CEOCFOinterviews.com.
Brehm continued, "As our world population grows and per capita resources are shrinking, innovative methods to provide clean air, soil and water are being sought out by many second and third world countries where environmental priorities have been ignored but now must be addressed to be in compliance with World Trade organization policies and public healthcare concerns. Over the past year we have had many inquiries from countries that need to clean up environmental contamination impacting their water supplies and causing sickness, disease and poverty conditions. In response to this pressing need, BUGS created a multi-language website at www.bugsatwork.com that educates potential customers, including in-country engineering teams, on developing their skills on assessment, quantification and treatment of the problem using our technology, project management and engineering skills.
"Our research and field development team was also busy this year as it had published its patented water treatment technology, Bio-GAC(TM) (Patent No: US 6,905,603 B2) for the treatment of toxic waste streams such as those caused by Hurricane Katrina and other man-made and natural disasters. We expect to license this technology in 2006 and use it in our own projects," added Brehm.
Speaking on customer education, Brehm said, "This year we created coloring books and comic books in English and Spanish for both the environmental newbie and kids at www.MikeyMicrobe.com. Coupled with our new BUGS website, these two websites allow potential investors, customers and clients and interested parties new insight into our technology, our management and our success in cleaning up the world."
Brehm commented on the increased share price and investor interest by saying, "After many years of hard effort by all our dedicated employees, I have never seen this level of investment community interest in our future potential. It seems like we are getting many offers and proposals for new business opportunities, financing alternatives, potential mergers or acquisitions, new technologies to license or just new investment by existing shareholders. If we maintain our current growth rate, we anticipate being cash-flow positive within the next twelve months, opening up new opportunities for growth and stock appreciation."
About U.S. Microbics Inc.
U.S. Microbics is a business development and holding company that acquires, develops and deploys innovative environmental technologies for soil, groundwater and carbon remediation, air pollution reduction, modular drinking water systems, and agriculture enhancement. For more information on the company or its Strategic Partner Program, contact Robert Brehm at 760-918-1860 x102 or visit the website at bugsatwork.com.
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 Inc.
Robert Brehm, 760-918-1860 x102
bugsatwork.com.
--------------------------------------------------------------------------------
Source: U.S. Microbics Inc.
<img>
stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=bugs,uu[l,a]daclyyay[db][pb50!b200!f][vc60][iut!ll14!lyb...]&r=1690[\chart]%3Cbr</img>
More About U.S. Microbics
U.S. Microbics, Inc. (BUGS) is recognized as a leader in the bioremediation industry. The roots of the company go back to four decades, to the pioneering work of George Robinson, who first advanced the idea of using microbes to consume oil spilled along the coast of Santa Barbara, California. His legacy includes thirty-years of theoretical and empirical research leading to the successful formulas for microbe separation, ultra-high yield fermentation, consortium formulations for specific problem solving tasks, long term storage of microorganisms, and completion of field-successful applications. Mery Robinson, George Robinson's daughter, is Executive Vice President of U.S. Microbics, and President of two of the Company's subsidiaries.
Operationally, U.S. Microbics consists of six majority-owned subsidiaries using biological technology to revolutionize environmental clean-up and agricultural growth.
1. Sub-Surface Waste Management of Delaware Inc. (SSWM) - provides comprehensive civil and environmental engineering project management services. Sub-Surface Waste Management's team designs, permits, builds, and operates environmental waste clean-up treatment systems using conventional, biological, and filtration technologies.
2. XyclonyX - develops and applies its key technologies that include patents, proprietary knowledge, products, processes, and expert personnel. XyclonyX technologies are sold to the environmental, petrochemical, agricultural, and waste treatment markets. XyclonyX has developed a formulation for mass producing proprietary microbial blends in liquid and powder forms.
3. West Coast Fermentation Center, Inc. (WCFC) - cultivates microbial cultures for the Company's product lines: Bi-Agra Remediline and Wasteline. WCFC operates a microbe laboratory, pilot plant, and quality control center. WCFC produces microbial blends using fermentation technology, powder blending, and combinatorial liquifaction.
4. Sol Tech, Inc. (doing business as Wasteline Performance Corp.) - was formed specifically to serve markets for treating wastewater in the U.S.A. and internationally.
5. Bio-Con Microbes, Inc. - provides microbial blends and bio-processing treatment systems for agricultural yield enhancement, odor control, insect control, and cogeneration. Bio-Con Microbes, Inc. has a wholly owned subsidiary in Mexico: Natura Agricultura, S.A. d. C.V., which has conducted tests that demonstrate microbial-based increases to sugar cane production.
BUSINESS EXPERIENCE OF DIRECTORS
ROBERT C. BREHM has served as our chief executive officer, president
and chairman of the board since July 1997. He also served as our vice president
from November 1996 to January 1997 and as a consultant through Robert C. Brehm
Consulting, Inc., an investment banking, investor relations and strategic
planning company. From July 1994 through the present, Mr. Brehm has served as
the president of Robert C. Brehm Consulting, Inc. From 1991 to 1994, he was the
president of Specialty Financing International, Inc., a finance procurement
company. Mr. Brehm has owned computer hardware, software, finance and consulting
companies. Mr. Brehm has a double engineering degree in electrical engineering
and computer science and an MBA in Finance and Accounting from the University of
California at Berkeley.
MERY C. ROBINSON has served as a director since September 1997 and our
executive vice president and secretary since September 1997. Ms. Robinson was
appointed chief operating officer on October 1, 1998. Ms. Robinson is the
founder of XyclonyX and has served as its president and chief executive officer
since August 1997. Ms. Robinson was the president of our subsidiary, Sub-Surface
Waste Management, Inc., from 1992 to 1995 and president of Omega Resources
Management from 1995 to 1997. From 1986 to 1992, she served as the vice
president of finance and administration of Westside Telephone Systems in Santa
Monica, California, a telephone interconnect service and equipment sales
company. Ms. Robinson has held various other positions in operating and starting
up high-tech engineering and biotech companies. She received her BS in
Journalism from California Polytechnic State University, San Luis Obispo, a
Masters of Science in Environmental Science/Engineering from California State
University, Dominguez Hills, and has and has attended the NFWBOsponsored/
Wharton Graduate School of Business/Entrepreneurial Mini-MBA program.
ROGER K. KNIGHT has served as a director since February 1990 and our
vice president-business development since July 1997. Mr. Knight has significant
experience in identifying business candidates for acquisitions, and served as
our president from January 1995 through October 1996. Mr. Knight retired from
the U.S. Navy as a Captain in July 1965, and has been involved in retail
operations since the mid-1970s.
ROBERT H. KEY is chairman and chief executive officer of Arivest
Corporation, a real estate investment and development firm, located in Phoenix,
Arizona. Arivest Corporation is the parent corporation of Corporate Realty
Advisors, Inc., a commercial real estate brokerage firm. Mr. Key joined Arivest
Corporation as president upon its formation in April, 1979. He holds a Bachelor
of Science degree from Arizona State University, Tempe, Arizona, (1972) with a
major in Business Administration. Mr. Key has been a general partner, real
estate broker, consultant or developer of a large number of commercial real
estate projects.
MARK A. HOLMSTEDT has 23 years of public finance experience covering a
variety of specialty areas. Mr. Holmstedt began his investment banking tenure
with Blyth Eastman Dillon Co. (now PaineWebber) 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 a particular expertise in
project financings and land secured transactions which 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.
CONRAD NAGEL has served as our chief financial officer since July 1998
and a director of Sub Surface Waste Management of Delaware, Inc.,since July
2003. Mr. Nagel was previously hired as the chief financial officer of Global
Venture Funding, Inc. in April 1997, and served us as a consultant from
September 15, 1997 through June 1998. Mr. Nagel has an MS degree in Accounting,
University of Kansas (1964), a BS degree in Business, University of Kansas
(1963) and has been a CPA since 1966. Mr. Nagel has been associated with SEC
work, auditing, and finance operations for the past 30 years including audit
manager for Touche Ross (now Deloitte Touche), vice president of finance of
Decision Incorporated, internal audit manager for Kaiser Aetna, Chief Financial
Officer for Calusa Financial Medical, Inc., vice president of finance for
Medical Capital Corporation and over 15 years CPA practice specializing in
taxation and SEC work.
Press Releases: finance.yahoo.com
SEC Filings: sec.gov.
Website: bugsatwork.com
Address:
6451-C El Camino Real
Carlsbad, CA 92009
USA
Phone: 760-918-1860
Shares Outstanding: 218,946,646 (As of 8/19/2005 SEC Form 10QSB)
Shares Authorized: 500,000,000
Past Capital Change:
shs decreased by 1 for 20 split.
Pay Date: 1997-08-20
Formerly=Global Venture Funding, Inc. until 5-98
Transfer Agent:
Corporate Stock Transfer, Inc., Denver, CO 80209 |
|
