Copyright 2004-2008 U.S. Microbics Inc.
SSWM Recaps its Mexico Business Development Experience
Company's Lesson in International Business Development may be Helpful to Others
CARLSBAD, Calif.--(BUSINESS WIRE)--April 10, 2008--Sub Surface Waste Management of Delaware, Inc. (Pink Sheets: SSWM - News), announced that it has created a white paper report for other entrepreneurs desiring to do business in Mexico. The report is based on SSWM’s experience in business development in Mexico and serves as a primer for companies evaluating business expansion opportunities in Mexico or abroad.
The report outlines the opportunities, financial and political risks and challenges, and other issues that need to be fully understood before venturing into international business expansion in Mexico and elsewhere. While the report is specific to the operations of SSWM and its Mexico subsidiary, it is a classic case study for other small companies seeking opportunities with foreign political agencies in many countries.
Robert Brehm, acting CEO of SSWM states, “SSWM undertook its Mexico operations in a methodical manner, undertaking an initial successful project in Mexico and then extrapolating its experience to other opportunities which had arisen during the first project. We had to assemble numerous managers, language translators, international bankers, foreign intermediaries, accountants and others to develop operating budgets, contact investors, create Mexico subsidiaries, hire Mexico attorneys and work with government agencies and sub-agencies as we issued business proposals and received contract budget approvals. After contracts were awarded, we had to shift our business and investment strategy based upon political changes in the country which effected the funding and start dates for contracts.
Brehm continued, “We believe our technology and expertise in environmental bioremediation can save lives and create better living conditions for many people in Mexico. Our employees, contractors and others made many personal and financial sacrifices to help bring better environmental conditions and new jobs to a country in need. However the Mexican business, economic and political processes are often based upon different core values and beliefs then ours. Unlike the United States, where rule of law and business practices are well defined, we could not effectively control the timelines or outside influences on the business development and execution process.”
Brehm concluded, “I still believe there is a great environmental business opportunity in Mexico. Our report was created to help others cross the bridge into Mexico using our consulting expertise, contacts and knowledge we gained over the past three years. Our technology worked well in Mexico in the past and has the potential for future benefits with a joint venture partner or licensee who can carry it forward using the skills, knowledge and experience we gained.”
The full report is available at www.subsurfacewastemanagement.com/OurMexicoExperience.html.
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 learn about the company by visiting its Web site at www.subsurfacewastemanagement.com. In the near future, SSWM will be renamed Green Mountain Development Corp and its stock will trade under a new symbol.
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, ext. 102
bob@bugsatwork.com
Source: Sub-Surface Waste Management of Delaware, Inc.