Here's a old release on BKNX. Like the content of the release. Waiting for the return of Mr. Hepp from Europe. Heard soon.FWIW.
Kind Regards,
Dd
VANCOUVER, March 29 /CNW-PRN/ - Biokronix Inc. is a North American
environmental products company providing an innovative solution to a major
global ecological problem. The Company holds the rights to produce and market
a remarkable environmentally friendly, oil-absorbing material known as
Zorbolite(TM) in the EU Countries. This unique and innovative material can
recover and resell 100% of the absorbed pollutant.
Biokronix has commenced its sales activities in Europe and has been in
contact with major potential customers in the Netherlands, Belgium, Germany
and France. We are aggressively marketing and promoting Zorbolite(TM)
products. Among others in Holland, we have shipped substantial orders to
Schiphol, Amsterdam airport (one of the largest airports in Europe) as well as
several environmental clean-up companies and fire departments. In Belgium, we
have started to forward goods to a ship-building company. In Germany, we are
preparing large shipments to the most important harbors in the country. We
have also shipped products to Schlumberger Sedco Forez in Paris, one of the
wholly-owned subsidiary of Schlumberger (SLG, NYSE), one of the world's
leading oil service companies. They are testing our products on their oil rigs
in the North Sea. Their comments after the initial testing were very
promising and we anticipate substantial orders from Schlumberger in the very
near future. The Dutch government institution responsible for all the
waterways in the Netherlands' including all major harbors, has already
successfully tested our product and is in negotiation concerning the terms of
the orders with our management team in Europe.
The manufacturing facility in Groningen, the Netherlands, is expected to
begin its first production in late Spring 1999. The equipment has been
installed and final testing will be completed after civic authorities have
completed the overall inspection of the plant. In preparation for the
production, our Dutch staff successfully underwent a two-week intensive
training course in the manufacturing process of Zorbolite(TM) products in
Canada.
To fill tests orders resulting from pre-production marketing efforts, the
Company has ordered Zorbolite(TM) products for shipment from the Canadian
licensor to Europe. The gross sales from these containers amount to
approximately $150,000 US. The company anticipates substantial increases in
gross profit margins as soon as the production plant is up and running. We
can fill orders directly from our Dutch facility and soon, we can meet the
ongoing demand of our customers in a more efficient manner.
The Board of Directors of Biokronix Inc. is pleased to announce the
appointment of Thomas Hepp as Chief Executive Officer. Mr. Hepp has been a
director for Biokronix Inc. since June 1998. Mr. Hepp has a degree in
economics in Germany, and has held several administrative and technical
positions, relating to environmental issues. He was trained in mechanical and
technical engineering, and he held a long-term contract with Deutsche Shell
(AG), restructuring their gas station operations by diversification of the
product range. As part of the restructuring, he also trained the management
of the gas stations and improved the awareness of various environmental safety
issues. Mr. Hepp replaces Lars Saethre as CEO.
Biokronix Inc. also announces the resignation of Chris Carpentieri as a
director.
Biokronix is a US public company whose shares are quoted on the NASDAQ
OTC Bulletin board under the symbol ''BKNX''.
The OTC-BB has neither approved nor disapproved the information contained
herein.
SOURCE: Biokronix Inc.
-0- 03/29/1999
/CONTACT: Kay Jessel (604) 331 7093, fax (604) 331-7094/
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