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Budget Waste Inc. (Pink Sheets: BDGW) (January 29, 2008) announced today that it has signed a comprehensive letter of intent to acquire the assets of Broadband Communication Services Inc. A closing is anticipated to happen in the first quarter 2008, following customary due diligence which has been ongoing for some weeks.
Broadband Communication Services Inc. ("BBCS"), headquartered in Nebraska City, Nebraska, is a construction and infrastructure placement company that operates underground construction companies throughout the United States. BBCS currently has operations in Texas, Nebraska, Oklahoma, Iowa, Kansas, Missouri, and Arkansas in support of clients who serve a variety of industries, including natural gas distribution, cable television, telephone (both wireless and landline), electrical construction and distribution, and municipal water and sewage providers. BBCS has 85 full-time employees and manages projects using nine other subcontractors, with close to 100 additional full-time employees.
"We are excited about the opportunity to add this dynamic company to our organization," stated Jim Can, CEO of Budget Waste. "BBCS will complement our current business and permit both companies to take advantage of intercompany synergies and new market opportunities. We are using this strategic acquisition to position Budget as a broader market service provider."
Budget Waste Inc. is a waste solutions company in Western Canada providing complete waste and recycling services to commercial, industrial, construction, homebuilding, oilfield and residential clients. With our broad range of innovative services we offer our customers more value for their dollar and reduce accounting costs by providing streamlined billing. BWI is currently following its growth through acquisition strategy with exceptional success. With regulations throughout North America pressing companies and individuals to be more vigilant in the way they handle their waste products we see vast opportunity for expansion of our distinctive services. We are confident that Extraordinary growth and focus on customer needs will bring our stockholders outstanding value for the confidence they have placed in BWI.
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Hop-on, Inc. (Pink Sheets: HPNN) (January 29, 2008) announced recently that it holds a Letter of Intent for 62,000 phones for its newest product, the PDA cell phone model HOP2001.
The US and Latin American distributor provided an irrevocable letter of credit for the purchase of Hop-on's new, innovative phone at approximately $400 per phone.
The HOP2001 meets the needs of both business users and consumers wanting entertainment features not found in conventional phones. The CDMA and GSM modes of the new handset are designed to allow for simultaneous standby, enabling users to choose either mode at any time when making a phone call or sending a short message.
The HOP2001model features Wi-Fi support, Windows Mobile 6 , built-in GPS for use with Telenav GPS Navigator(TM) and a sleek, lightweight design. It is designed with a large 2.8", tilting color touch screen, while the utilizing a high-resolution screen for sharper images and enhanced usability.
"Hop-on is including its patented universal car charger, leather case and proper cables for synchronizing the HOP2001 to PC's. We are excited to be working with our distributor for distribution within the US market. The phones will also have our gaming software preloaded on the phones", says Hop-on's President, Peter Michaels. Their representation of Hop-on is a welcome addition to our distribution channels.
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Techalt, Inc. (Pink Sheets: TCLT) (January 29, 2008) announced recently that its merger partner, EV Parts, Inc. ("EV Parts"), an online supplier of electric vehicle parts and components, has announced it will soon be carrying electric vehicle ("EV") applications for the Dodge Neon and Toyota Echo.
EV Parts' President, Roderick Wilde, stated, "We have been working on many bolt-in kits for the growing EV markets world-wide. We also carry complete bolt-in kits for the Chevy S-10 and Geo Metro. We realize that it will take a bit of time to ramp up bolt-in kits for many other models but it is something that we are pursuing. Additionally, we anticipate providing a specialty use kit for Land Rovers as well as a new AC drive conversion kit to turn a Golf TDI into a Plug-In Biofuel Electric Hybrid."
"The current macro problem with others in the EV conversion market is that they have to rely on outside venders for their fabrication. The only way to solve this problem is to have your own fabrication facility. Since all we will be doing is EV-related fabrication we can hire as many people as necessary to handle increased demand for products and roll out our proprietary innovations globally," said Mr. Wilde.
Tom True, EV Parts' Chief Executive Officer, commented, "Part of our reasoning for entering the public sector is the tremendous opportunities we see globally. We are currently shipping to over 45 countries. We anticipate that upon opening our planned 3-6 international store/distribution/fabrication centers, some in tax-free zones established through prearranged meetings with foreign nationals, our delivery time and margins will significantly improve along with our name brand in this multi-billion dollar 'green' industry."
EV Parts will soon be featured on "Mean Green Machines", a new show airing on the Discovery Channel. The broadcasting schedule will be announced shortly.
EV Parts, Inc. is an online supplier of electric vehicle parts and components and has been selling products in the Robotic/Electrathon, Industrial, Personal Mobility, Marine/RV, and Renewable Energy markets. EV Parts' merger with Techalt, Inc. is expected to close on or before March 18, 2008.
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Open Energy Corporation (OTCBB: OEGY) (January 29, 2008) announced the receipt of a $2.3 million purchase order for a total of 11,880 SolarSave PV Tiles and related inverters and other system equipment from Petersen Dean, one of the largest roofing companies in the United States. Terms of the order call for the delivery of 400 kilowatts of solar tiles and related balance of system equipment.
Jim Petersen, CEO of Petersen Dean, stated, "This purchase order represents, what we believe, will be the first of many orders with Open Energy. Our mission is to become a premier supplier of building integrated photoelectric solutions in North America and Open Energy is the perfect partner to enable us to achieve this goal. We believe that home owners will recognize the value of safe, clean, affordable power and we look forward to working with Open Energy to expand this program through the year, as we strive to achieve our goal of installing over 1,200 residential solar rooftops this year."
David Saltman, Chairman and CEO of Open Energy commented, "We have repositioned our company over the past six months to be able to partner with a proven leader in the roofing industry, such as Petersen Dean. Jim's team has developed the internal installation and service capabilities to take advantage of the long-term growth expected in the PV business. In addition, they have built their company by providing leading commercial builders, superior service and products and we are pleased they have chosen Open Energy to be one of their partners. Our building integrated products are designed to be installed simultaneous with standard roofing tiles, providing cost savings as well as aesthetic advantages that are superior in our industry."
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