CARLSBAD,
Calif.--(BUSINESS
WIRE)--April 2,
2008--Robert Brehm,
acting CEO of Sub
Surface Waste Management
of Delaware, Inc. (Pink
Sheets:
SSWM -
News), announced
that in conformance with
its new operational
mandates, it has agreed
to acquire the
intellectual property
and assets of RESTIC
Properties. Under the
terms of the agreement,
SSWM will raise capital
for RESTIC to further
develop its niche
market.
RESTIC is unique in
that it helps
individuals achieve
home ownership with
the assistance of
individual
investors. RESTIC
was designed to
bridge the home
ownership gap in
certain markets
caused by the
disparity between
real estate prices
and incomes. Its
model is a workable
solution for the
current sub-prime
and foreclosure
crisis although it
is a model
“for
all seasons”.
With divorce rates
approaching 50%,
small business
owners struggling,
approximately 45% of
the population with
a credit problem,
teachers, the
military and others
having become
underserved by the
current ownership
and qualification
system like FICO,
RESTIC believes it's
time for a change.
The RESTIC system
adds another
dimension to home
ownership that
allows the
participants to take
advantage of all of
the benefits that
real estate has to
offer. Quality
buyers can achieve
home ownership
without the
necessity of loan
qualification or the
fear of a mortgage
“crisis”
in their future.
RESTIC remains a
participant in the
process and shares
in its success.
RESTIC is scalable
and replicable and
it plans to
penetrate those
markets where its
approach makes as
much sense as in San
Diego. RESTIC
Properties is the
first incubator
company of SSWM
under its new name
of Green Mountain
Development Corp.
Robert Brehm, acting
CEO of SSWM, stated,
“RESTIC
Properties has the
ability to generate
both significant
earnings and asset
appreciation
rapidly. It follows
our acquisition
philosophy of
acquiring cash
generators rather
than cash users. The
principals of RESTIC
have many years of
experience and
successes in real
estate in their
past. I look forward
to a strong business
relationship and
positive
contributions to the
SSWM’s
bottom line.”
For more information
visit, their website
at
www.ResticProperties.com.
E.J. Irvine, Jr.,
President of RESTIC,
said:
”Our
association with
SSWM provides us a
vehicle to
capitalize and value
our earnings and
growth. Our business
opportunity is
wide-open and
exciting for us and
for our clients. We
look forward to a
long and profitable
relationship while
building a business
that will make all
of us proud.”
About Sub-Surface
Waste Management
Sub-Surface Waste
Management of Delaware,
Inc., a majority owned
subsidiary of U.S.
Microbics, Inc., (Pink
Sheets:
BUGS -
News), provides
management services for
its subsidiary
companies.
Investors and media
contact Robert Brehm at
760/918-1860, ext. 102
or email at
bob@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.