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Mexico Federal Electricity
Commission Authorizes $2.2MM Project for SSWM Subsidiary and UNAM
ETI Second Project for Electric Utility CARLSBAD, CA (10/20/06) --
Sub-Surface Waste Management of Delaware, Inc. (OTCBB:SSWM)
announced that the Federal Electricity Commission (C.F.E.) recently authorized
a $2.2MM USD budget for the cleanup of its Francisco Villa electric generating
plant in the State of Chihuahua, Mexico. SSWM Mexico subsidiary company,
Environmental Tec International, S.A. de C.V. (ETI) will enter into a subcontract
agreement with the National Autonomous University of Mexico (UNAM) to perform
the work expected to start before the end of the year.
Comision Federal de Electricidad (CFE) provides electricity for nearly 22 million customers throughout Mexico (excluding Mexico City). The state-owned company has more than 150 power plants of various types, including thermal, nuclear, hydroelectric, and alternative energy facilities. Approximately fifty percent of the power generated uses hydrocarbons including fuel oil, natural gas and diesel as a fuel source. With a mission to protect the environment, CFE deserves recognition for undertaking a positive and committed initiative as a lead Federal entity to address historic pollution cleanup at its facilities and comply with the environmental regulations promulgated by the Mexican Republic. Bruce Beattie, CEO of SSWM, stated, "We are pleased to have another CFE generating plant project authorized for cleanup of hydrocarbon contaminants by ETI and UNAM. Now that the budget authorization has been made we will work diligently to finalize the operating contract for the cleanup with CFE, ETI and UNAM so that we can begin the project before the end of the year. As with our other CFE contracts, the ETI subcontract amount is subject to negotiation and project tasks, but ETI generally receives 70-75% of the authorized budget for the project and this amount is subject to increase due to engineering change orders after the project is commenced based upon final actual volumes of materials to be treated." About Sub-Surface Waste Management Sub-Surface Waste Management Inc. is a majority owned subsidiary of U.S. Microbics, Inc. (OTCBB:BUGS), and provides comprehensive civil and environmental engineering project management services including specialists to design, permit, build and operate environmental waste clean-up treatment systems using conventional, biological and filtration technologies. SSWM is capitalizing on its patented technologies registered in Mexico with SEMARNAT a Federal regulatory agency overseeing environmental compliance nationwide. Investors and media contact Bruce Beattie at 760/918-1860, ext. 105 or bbeattie@bugsatwork.com; or learn about the company by visiting its Web site at www.subsurfacewastemanagement.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. |
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Environmental Business |
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3450 Palmer Dr. #4-264 |
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