22 January 2004, 09:00am ET
WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Jan. 22, 2004--Micro Bio-Medical Waste Systems Inc. (OTC BB:MBWS) announced that it has begun to develop three proposed new medical waste treatment facilities to be located in Arizona, Texas and Indiana, similar to the plant the company is operating in Hawaii. Currently, the company has signed contracts with a number of Hawaii-based companies as well as several private doctors' and dentists' offices and clinics there. The proposed expansion into Arizona, Texas and Indiana is the first step in a planned national program that the company anticipates will include seven additional domestic sites by the end of the year.
Mentioned Last Change
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Scott A. Ervin, president and CEO, stated, "We currently have superior medical waste remediation technology approved by the requisite federal regulatory agencies as well as several international agencies." The company anticipates that the first three sites may complete the permitting process within the next 120 days with the potential for generating positive cash flows in the fourth quarter. Additionally, Micro Bio-Medical Waste Systems Inc. expects to announce within the next several months the approval of three foreign sites where it has been invited to participate in proposed joint ventures to develop medical treatment and waste disposal sites using the company's proven expertise. Micro Bio-Medical Waste Systems stands ready to solve problems in this area and to manage communities' medical waste efficiently and effectively with environmentally friendly-designed waste treatment sites in this $8 billion global industry.
About Micro Bio-Medical Waste Systems Inc.
Micro Bio-Medical Waste Systems Inc. has international marketing capabilities and employs proprietary technology to provide environmentally responsible management of regulated medical waste for governments and the health care and hospital industries. The services include waste collection, transportation and treatment.
Forward-Looking Statements
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.
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Ken Sgro, 212-732-4300 (Investor Relations)
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Michael King, 702-650-3000
SOURCE: Micro Bio-Medical Waste Systems Inc.
ill be baaaaaaaaaaaack.matt wants to play the delete 100 alias game......again.
