BWI (Pink Sheets:BDWT), a premier full service waste hauling company in the Calgary area, has accelerated their strategic plan of expansion throughout Alberta to take advantage of the hot Alberta economy. With Canada being the largest supplier of foreign oil to the United States and most of that oil coming from Alberta, forecasters are projecting a buoyant outlook for the Alberta economy well into the next decade. Driven by the current development of the Alberta oil sands, the Alberta economy is anticipated to grow by 4.1% in 2006 and 3.5% in 2007. Combined with their current unemployment rate below 4.0%, the economy is drawing workers into Alberta at unprecedented rates. These factors have resulted in the Alberta building permits increasing by 38%, compared to the national average of 11.9%.
As a provider of waste removal to the construction industry, BWI is accelerating its strategic plans to capitalize on the vibrant Alberta economy. BWI is positioning itself to enter into the waste hauling markets in the major Alberta cities. It is anticipated that upon completion of the growth strategy within Alberta, BWI’s 2006 fiscal revenues are expected to increase by over 800% equating to approximately $10 million dollars in annual revenues. This will provide the strong financial base for the implementation of BWI’s growth into a national full solutions waste services company.