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BWI Holdings, Inc. (BWIH.OB) Renews Contract with Hopewell Residential Communities, Inc.
Leading provider of waste and recycling services BWI Holdings, Inc., operating as Budget Waste Inc., recently announced that Hopewell Residential Communities Inc., a major residential developer in Alberta, has elected to continue the second year of a ten-year contract.
Based on the excellent service provided by Budget Waste Inc, Hopewell Residential Communities Inc. slated BWI to serve as the exclusive supplier of waste bins and sorting for recycling in the Mahogany community.
Mahogany consists of approximately 8,000 single and multi-family homes within the City of Calgary. Budget’s recycling contract for Mahogany has an estimated contract value of $11,200,000.00. The terms and conditions of the contract, and Budget’s performance, are reviewed yearly each November.
Budget Waste also has provided waste, sorting, and recycling services for over 6 years at Copperfield, another Hopewell Residential Communities Inc. project in the Calgary area.
Hopewell has been recognized by the Calgary Region Home Builders Association five times as Developer of the Year for their distinctive, award-winning communities in the Province of Alberta.
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New Pump
Why do people feel compelled to re-post company press releases?
Because they're doing their job. Pumping.
Look at the last dates of recent news & you will see it's from the early half of May. The last time this stock was actively spam pumped.
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BWI Holdings Inc. (BWIH.OB) on Top of its Game – Secures Renewal of 5-Year, $2.5M Contract
BWI Holdings Inc. (BWIH.OB), operating as Budget Waste Inc., recently announced the renewal of its contract with the Town of Chestermere. Per the contract, BWI will provide weekly curbside refuse pickup services to about 5,000 homes for the next five years.
While a lot of companies are fighting Chapter 11 and announcing cutbacks, BWI seems to be holding its own. According to the press release, the contract measures up to about $500,000 per year, or $2.5 million in five years.
“We are extremely pleased to be of service to the Town of Chestermere and provide residential curbside pickup for the next five years,” Danny McEachren, vice president of External Operations of BWI stated in the release.
BWI offers its waste solutions to commercial, industrial, construction, home building, oilfield and residential clients throughout Western Canada.
Part of the company’s appeal is its broad range of services, as well as its competitive pricing and streamlined billing process.
Even in the middle of a recession, the company maintains its strategy of growth through acquisition, and continues to adapt to changing waste disposal regulations.
“With regulations throughout North America pressing companies and individuals to be more vigilant in the way they handle their waste products, we see vast opportunities for expanding 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,” the company states.
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BWI Holdings Inc. (BWIH.OB) – A Complete Waste Solutions Company
BWI Holdings Inc. does business under the name of Budget Waste Inc. The company provides complete waste and recycling services to commercial, industrial, construction, homebuilding, oilfield and residential clients. Budget Waste operates primarily, but not exclusively, in Alberta, Canada.
The company operates in four business segments: solid wastes, liquid services, water hauling and septic services. Budget Waste uses approximately 2,500 containers of various sizes and purposes and approximately 120 trucks to conduct their business throughout the province of Alberta.
The company’s revenue consists primarily of fees charged to customers for solid and liquid waste collection, landfill disposal and recycling services. Budget Waste services to commercial customers are generally performed under service agreements or pursuant to contracts with municipalities. The company’s contracts with commercial customers typically allow Budget Waste to pass on increased costs resulting from variable items such as disposal and fuel costs and surcharges.
Fees charged by Budget Waste are based on a variety of factors including: collection frequency, level of service, route density, the type, volume and weight of the waste collected, type of equipment and containers furnished, the distance to the disposal site, and competitor prices for similar services. The company’s strategy is to expand both existing services and add related services throughout North America.
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 Bwi holdings inc
HUGE NEWS AFTERHOURS
VIDEO NEWS - http://vodnewswire.com/vodnewswire/n...aste-20100113/
HEADLINE-
BWI Holdings, Inc. Reports $ 705,000 Net Profit for 9 Month Operating Results Ending December 31, 2009
CALGARY, AB--(Marketwire - 01/13/10) - BWI Holdings, Inc ("BWI") (Pinksheets:BWIH - News) operating as Budget Waste, Inc. (the "Company") a waste solutions company headquartered in Western Canada that provides complete waste and recycling services to commercial, residential and industrial clients, announces today its financial results for the third quarter ended December 31, 2009.
Mr. Jim Can, CEO, states, "Given the extremely tough economic climate that we have to deal with, we are very pleased that we can remain profitable and at the same time continue to give excellent customer service. I am extremely proud of our team who recognizes the tough economic times and is willing to persevere, work hard and maintain our strong momentum. Although it is still early in the final quarter of fiscal 2010, we expect to continue growing our sales and improve profitability in the current fiscal year."
For the three and nine months ended December 31, 2009, the Company reported revenues of $1,948,000 and $6,223,000 respectively, compared to $2,730,000 and $8,339,000 for the comparative periods ended December 31, 2008. A substantial decrease but expected considering the downturn of the residential and industrial construction markets.
The gross margins for the quarter and nine months ended December 31, 2009 were $425,000 and $1,565,000, respectively, representing 21.8% and 25.1% of revenue. The comparative amounts were $973,000 or 35.6% of revenue for the quarter and $1,565,000 or 25.1% of revenue for the three quarters ended December 31, 2008. The lower gross margin percentages were due to the economic recession.
Selling, general and administrative ("S,G&A") expenses decreased to $486,000 for the three months ended December 31, 2009 from $1,264,000 in the comparative quarter. For the nine months ended December 31, 2009, S,G&A was down to $1,534,000 from $3,629,000 in the three quarters ended December 31, 2008.
The Company realized a net income of $578,000 for the third quarter and $705,000 for the nine months ended December 31, 2009. It was due to gains from restructuring.
A summary of the Company's operating results over the three months ended December 31, 2009 and the nine months ended December 31, 2009, and the comparative quarters ended December 31, 2009 are presented in the table below.
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CHART
Chart too wide - deleted by admin, please us a smaller chart
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Big Day Coming
1.00 are should be next!!!!!
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BWIH up 23% .67
Looking for 1.00 break in short term
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BWIH
BWIH is showing signs of strength. We recommended this stock to our members ahead of Monday’s open. The stock dropped to a low of $0.43 but investors jumped in and pushed the price back and it closed at $0.65. Volume has been decent the last few sessions and it could signal another push higher in the next few days.
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BWIH
BWIH we still have a strong buy signal for BWIH despite Tuesday’s sell-off. There was very low volume on the stock, which could have been enough drive the stock lower. The reason why I see potential for the BWIH is because after hitting a low of $0.52, buyers stepped in and pushed it 10 cents higher to close at $0.62. If traders practice managing their positions they will be better able to take advantage of and profit from these price swings.
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