Business
Badger Income Fund Announces Divestiture of Units by an Executive Officer
Badger Income Fund Announces Divestiture of Units by an Executive Officer
About this update from Badger Infrastructure Solutions Ltd
[{"type":"text","content":"\nBadger Income Fund Announces Divestiture of Units by an Executive Officer\n\n\n May 26, 2009 (Filing Services Canada) -- Badger Income Fund (BAD.UN - TSX), sold 240,000 units of Badger on May 21, 2009 in order to diversify his investment portfolio. Mr. Wilson continues to hold approximately 77,000 units of Badger.Badger Income Fund is an open-ended trust that is North America's largest provider of non-destructive excavating services. Badger traditionally works for contractors and facility owners in the utility and petroleum industries. Badger's key technology is the Badger Hydrovac, which is used primarily for safe digging in congested grounds and challenging conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. Badger manufactures its truck-mounted hydrovac units.Badger Income Fund's business model involves the provision of excavating services through two distinct entities: the Operating Partners (franchisees in the United States and agents in Canada), and Badger Corporate. Badger Corporate works with its Operating Partners to provide Hydrovac service to the end user. In this partnership, Badger provides the expertise, the trucks, and North American marketing and administration support. The Operating Partners deliver the service by operating the equipment and developing their local markets. All work is invoiced by Badger and then shared with the Operating Partner based upon a revenue sharing formula. In various locations Badger has established corporate-run operations to market and deliver the service in the local area.The Toronto Stock Exchange has neither approved nor disapproved the information contained herein. For more information regarding this Press Release, please contact:George Watson\tChairman of the BoardCalgary, Alberta\tPhone (403) 705-7510Source: Badger Income Fund (TSX - BADUN) www.badgerinc.comMaximum News Dissemination by Filing Services Canada Inc. *www.usetdas.com\n\n\n\n","length":2252,"tagName":"div"}]