Press Release
SSWM to Focus on Technology Sales and Acquisition Strategy
Company Signs Teaming Agreements for Technology Marketing
CARLSBAD, Calif.--(BUSINESS WIRE)--April 1, 2008--Robert Brehm, acting CEO of Sub Surface Waste Management of Delaware, Inc. (Pink Sheets: SSWM - News), announced that under its new organizational structure and business mandate, the company will focus its efforts on the licensing and sale of its microbial technology and the acquisition of businesses with positive cash flow and asset appreciation potential.
In line with these changes, the company has entered into teaming agreements to jointly market manufacturing, resale and use licenses of its proprietary and patented microbial technology to third-party licensees for agricultural, waste optimization, and bio-remediation applications. To further focus its efforts, the company has also rescinded the acquisition of Quick Quarters Kentucky, Inc. as the transaction did not conform to the terms and conditions as originally agreed.
To help in its licensing effort, SSWM has entered into teaming agreements with several new joint marketing partners including EversTech, LLC, Sphaera International Partnerships and an investment brokerage company. The new relationships will jointly market the licensing of the technology and have identified interested parties in South America, United Kingdom, USA, and the Middle East.
Brehm commented, “SSWM is focused on developing licensing revenue from its patented and proprietary technology and finding profitable new business acquisitions. With a rich history of field applications in agriculture growth enhancement, fuel crop yield increases, ethanol waste stream optimization, animal waste treatment, hydrocarbon remediation and many others as well as a general worldwide interest for natural solutions to pressing world food and contamination problems, I believe we have a timely opportunity to help others solve their problems using our technology and know-how. We have made a significant investment in the technology and its development and we are now marketing its use to prospects around the globe.”
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.
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.
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