Xtreme Webworks Shareholders Approve Waste Renewal Systems Acquisition for 5M New Shares

ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.

SUBSCRIBE/UNSUBSCRIBE |

Conservation & Wildlife

Corporate Responsibility

Science & Technology

Syndication Partners

**************************************************************************

E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE

**************************************************************************

Business Editors & Environmental/Internet Writers

Xtreme Webworks Shareholders Approve Waste Renewal Systems Acquisition for 5M New Shares

Name Change to Xtreme Companies; New Symbol: XTRE

NEVADA, LAS VEGAS, May. 8 -/E-Wire/Business Wire/-- Shareholders of Xtreme Webworks (NEW OTCBB SYMBOL:XTRE) today approved the acquisition of Waste Renewal Systems' worldwide marketing rights and licensing agreements that cover all improvements to existing processes and patents.

The previously announced agreement in principle was approved by shareholders at a special meeting to ratify the board of directors' recommendations. Shareholders also approved the change of the company name to Xtreme Companies, Inc. to better reflect its diversification plans.

As part of the acquisition, Xtreme shareholders approved a five-for-one reverse stock split and the issuance of 5,000,000 restricted (144) shares for all of the 5,000,000 privately held shares of Waste Renewal Systems. Upon the exchange, there will be 5,790,007 Xtreme Companies shares outstanding, 5,000,000 of which will not be able to be traded for a minimum of one year.

Waste Renewal Systems applies a proven, patented thermo-reduction heat absorption process to convert solid municipal and industrial waste into a non-toxic byproduct and energy not only to run the system but to export for other uses and for resale. The technology has been demonstrated at an operating site in San Bernardino, Calif.

Thermo-reduction is a heat absorption process converting solid waste into "char" (an inert carbon product) and a low-grade methane gas that provides energy to run the system and excess energy for sale to others. There is an established marketplace for the separated recyclables.

Initially, Waste Renewal Systems will utilize Xtreme's Web marketing packages to attack the clean disposal problem that U.S. communities face in recycling 50% of their waste to meet state and federal mandates. It is expected that the cost of funds through municipal bond financing and operations of a thermo-reduction facility will be lower than the current hauling and "tipping" (dumping) fees that have increased dramatically over the past few years at land fills.

Then, Waste Renewal Systems will rollout Internet-based marketing to industrial firms. In a third stage, the Xtreme Companies wholly owned subsidiary will negotiate with locations in Mexico and South America and engage overseas agents to tap the estimated $180 billion global market.

About Xtreme Companies

Xtreme is embarking on an aggressive acquisition campaign for companies that can benefit from Internet marketing. Its Xtreme Webworks division provides Web-based businesses of all sizes with tools to deliver targeted traffic to their sites and to optimize the client's positioning on major search engines. Its new Waste Renewal Systems wholly owned subsidiary cleanly removes municipal and industrial waste through a propriety thermo-reduction process.

Safe Harbor Statement

This news release contains forward-looking statements about Xtreme Companies' business, financial condition and prospects that reflect the company's assumptions and beliefs based on information currently available. The company can give no assurance that the expectations indicated by such forward-looking statements will be realized. If any of the company's assumptions should prove incorrect, or if any of the risks and uncertainties underlying such expectations should materialize, actual results may differ materially from those indicated by the forward-looking statements.

Xtreme Webworks/Companies, Inc., Donald Bradley, 702/966-0600, [REDACTED-EMAIL] or Greg McAndrews & Associates, Gregory A. McAndrews, 310/301-3035, [REDACTED-EMAIL]

**************************************************************************

To Transmit Your News Over E-Wire, visit http://www.ewire.com or

call 1-[REDACTED-PHONE]. E-Wire Is Broadcast To Millions Of Readers Worldwide

**************************************************************************