BWI Holdings, Inc. (OTCBB: BWIH), operating as Budget Waste Inc. (the “Company”), a leading provider of waste and recycling services to industrial, residential, and commercial clients, is extremely pleased to announce that Hopewell Residential Communities Inc., a major residential developer in Alberta, has elected to continue for the second year of a ten year contract with BWI Holdings, Inc. to serve as the exclusive supplier of waste bins and sorting for recycling in the Mahogany community based on the excellent service provided by Budget Waste Inc.
Mahogany is being developed and managed by Hopewell Residential Communities Inc. that will, upon completion over a 10 to 15 year period, yield 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 over the term of the project. 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 during the past 6 years at Copperfield, another project being developed by Hopewell Residential Communities Inc. 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.