Management's Discussion and Analysis or Plan of Operation
Carlsbad, CA (PRWEB) December 6, 2006
Sub-Surface Waste Management of Delaware, Inc. (OTCBB: SSWM) announced that it expects strong growth for its Mexico subsidiary company, Environmental Tec International, S.A. de C.V. (ETI), under the new government of President Felipe Calderon, who took office Friday promising to build an economy that creates enough jobs so that millions of Mexicans don't have to cross into the United States. New jobs created by ETI in the rapidly expanding environmental industry could aid economic expansion in Mexico and a cleaner environment at the same time.
Bruce Beattie, CEO of SSWM, stated, "Our representative in Mexico, Dr. Ricardo Lorden, recently met with President Felipe Calderon of Mexico before his inauguration Friday December 1, 2006, and reports first hand that the President's agenda calls for increased support by the Federal Government to attract and retain international technology transfer companies that create new meaningful jobs such as ETI has created in the environmental sector. As we move forward through the six year administration term of President Calderon, we expect to see increased support and compliance spending by Federal owned energy businesses in power and petroleum, such as CFE and PEMEX, and enforcement of environmental laws as agreed to in NAFTA and subsequent side bar agreements by Presidents Fox and Bush, as well as the addition of environmental infrastructure at the state and federal levels."
Beattie continued, "ETI is currently experiencing the benefits of creating new jobs at the state level in Puebla, at the request of Governor Mario Marin Torres, as it has just completed an environmental site assessment in Puebla and has started a new project to establish protocols and train enforcement staff and manage the implementation of a Statewide environmental waste emissions permitting program which will assess permit fees for waste discharge throughout the state. In December, ETI will also start the initial phases of $2MM of environmental remediation projects as well as preparing to start the comprehensive human health risk assessment for the City of Tehuacan in January 2007."
Beattie also said, "On the Federal level, the Federal Electricity Commission (C.F.E.) has authorized ETI and the National Autonomous University of Mexico (UNAM) for approximately $5.1MM for remediation of four electric generating plants throughout the country. Initial work has commenced on one plant with the rest expected to start in early 2007. As part of the project, ETI will be hiring UNAM students as interns to gain valuable work experience and possible future jobs with ETI in the growing environmental industry."
Beattie concluded by saying, "Felipe Calderon has promised to build an economy that creates enough jobs so that millions of Mexicans don't have to cross into the United States to work to support their families. Their economy is projected to expand by as much as 4.8 percent by year's end -- its fastest growth in six years -- thanks to exploding business in the construction, automobile and service industries, all which have environmental infrastructure needs such as provided by ETI. With high oil prices pouring money into government coffers, and the peso remaining stable, Mexico is on track to create 1 million jobs this year and ETI will be there to help meet this goal."
For more information on the agenda of Mexico's President Felipe Calderon in English go to: http://www.felipe.org.mx/fc/html/eng/index.htm.
About Sub-Surface Waste Management
Sub-Surface Waste Management Inc. 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.
Learn about the company by visiting its Web site at http://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.
Sub-Surface Waste Management Inc.
Investors and media:
Bruce Beattie, 760-918-1860, ext. 105
# # #