Serious Extreme DD on BIFS
BioFiltration Systems, Inc. (Ticker: BIFS)
(Part I of III)
BIFS Company Profile
BioFiltration Systems, Inc. (BIFS) was incorporated on 17 December 1992. The company is currently traded on the National Daily Quotation Bureau Pink Sheets. On 3 February 2000, BIFS filed their Form 10SB/12G with the SEC in order to become a fully reporting OTC Bulletin Board (OTCBB) stock. On 2 June 2000, BIFS received a relisting comment letter from the SEC and responded to the enclosed questions. The company is now responding to another set of questions from the SEC. Once the SEC has no more questions then the lead Market Maker (Equitrade) will file the appropriate paperwork for BIFS' relistment on the OTCBB. In the meantime, the company has and continues to comply with the timely submission of all required financial reports.
BIFS has two main lines of business: wastewater treatment and high-speed Internet access. The company acquired a patented technology under Patent number 5,205,935. The technology provides a method and apparatus for the continuous degradation of hazardous paint and organic solvent wastes. The apparatus includes a high performance fixed film bioreactor system that remediates and purifies contaminated waters. . The CEO intends to sell or lease these systems to customers worldwide. From inception (17 December 1992) to 31 March 2000, the company has been in the developmental stage. During this time, management had been engaged in business planning activities and obtaining capital. The company became operational on 1 April 2000.
With a wastewater disposal problem of both national and international magnitude, the company's market would encompass everything from Federal, State, and local government operations involving the disposal of organic and/or hazardous waste to manufacturing companies producing everything from automobiles to silicon chips. A growing international awareness of the severity of environmental pollutants with a subsequent governmental need to address these issues creates a tremendous marketing opportunity of which the company intends to take advantage.
In March 2000, BIFS started expanding its business by acquiring BeachAccess.net, an east coast Internet service provider. By diversifying into an unrelated business, the company is not so reliant on one source of revenues and will now be able to employ this technology into their remote biofiltration plant sites, once operational. The technology group, BeachAccess.net, is operated as a wholly owned subsidiary and has already acquired a computer hardware distributor; three companies offering Internet service, website hosting, website design; a wireless network provider, and a business-to-business network provider.
In July 2000, BeachAccess.net successfully completed the development and testing of their new Seamless Wireless Omni-directional Mobile Internet (SWOMI) system and immediately rolled out this new wireless service to area customers. SWOMI offers customers mobile Internet at 2 Mbps which is greater than current T1 speeds. By obtaining speeds 100's of times faster than conventional internet, it eliminates the need for landlines or cables thus assuring customers live 24 hour Internet connections without the worry of being disconnected or getting a busy signal. By eliminating the telephone company, SWOMI is taking back complete control of the Internet, and offering customers worry free access. Once the infrastructure is in place, SWOMI will then be able to offer bandwidths of 11 to 25 Mbps for conventional point to point and point to multipoint connections.
Address
BioFiltration Systems, Inc.
2341 Porter Lake Dr. #101
Sarasota, Florida 34240
Phone: Toll free 888-246-3587 or 941-343-9300
FAX: 800-536-9379 or 941-343-0404
E-mail: bfs@gte.net
Beachaccess.net, Inc. (BIFS Subsidiary)
9618 N. Kings Hwy
Myrtle Beach, SC 29572
Phone: 843-692-7434
FAX: 843-497-6495
Email: jknabb@beachaccess.net
Picture of Beachacess' Exterior/Lobby
photos.yahoo.com
Company Websites
biofiltrationsystems.com
(Note: BIFS website is currently being redesigned, and the work in progress can be viewed at sostech.net )
beachaccess.net
swomi.com (scheduled to open first week of October 00)
Other BIFS-owned domain names
www.swomi.net, www.swomi.org
www.doyouknowswomi.com
www.beachwireless.com, www.beachwireless.net, www.beachwireless.org
www.alliancecomputersys.com , www.biofiltration.net , www.conwaysc.com , www.pcwholesalenc.com , www.pcwholesalenc.net , www.powersurgecomputers.com , www.pscinternet.net , www.revconusa.com , www.sostech.net .
SEC Filings
All Filings:
freeedgar.com
Quarterly Report (10QSB):
freeedgar.com
Quarterly Report (10QSB):
freeedgar.com
Amended Registration Statement (10SB12G/A):
sec.gov
Registration Statement (10SB12G):
sec.gov
Shares (totals do not reflect latest changes per recent 10QSB)
Authorized: 700,000,000
Outstanding: 496,010,000
Restricted: 318,100,000
Public Float: 177,910,000
Major Shareholder: Alpha J. And Victoria Keyser 282,500,000
BIFS shares were split 100:1 on 17 April 00 to shareholders on record as of 15 April 00. The reason for the large split was to increase the company's liquidity and attract new shareholders. BIFS management intends to sell some shares to help fund the startup of its remote operations and to use some for acquisitions of other companies. This split will also aid in increasing the company's capitalization and number of shareholders to the level needed for a NASDAQ listing……BIFS ultimate goal.
BIFS acquired Beachaccess.net (in SC) for 2,000,000 shares of restricted common stock. Beachaccess.net acquired the customer accounts, operating and fixed assets of PSC Internet (in SC), SOS Computer Systems (in SC), Skynet (in NC), and PC Wholesale (in NC) for 8,600,000 shares of restricted common stock. An undisclosed amount of shares were used in Beachaccess.net's most recent acquisitions of Revcon Technologies Corp. (in TN), and Alliance Technologies Corp. (in SC).
Any sale of the restricted shares is limited to no more than 1% of the outstanding shares every 90 days.
Financials
Market cap is a calculated number. Multiply the current price per share times the number of shares issued.
Market Makers (MMs)
What are Market Makers?
agoracom.com
Current List of MMs for BIFS
agoracom.com
Introduction to MM Activities 101
agoracom.com
agoracom.com
agoracom.com
agoracom.com
agoracom.com
agoracom.com
agoracom.com
agoracom.com
MM Short Selling OTC:BB shares
otcnn.com
How to Get Quotes
Since BIFS is currently on the pinks, you must contact your broker to receive current bid and ask prices. Alternatively, free 15 minute delayed inside quotes on pink sheet stocks (including BIFS) can be seen at: pinksheets.com .
To see the last 10 trades made, go to host.cnbc.com
To see the stock's volume traded over time, go to sites.stockpoint.com
Some advice: Put in a LIMIT ORDER when ordering this stock. Don't buy at market because the stock is still in the pinks and MM's will sell to you for the highest price they can get.
Information on pink sheet stocks
invest-faq.com
pinksheets.com
Price History
host.cnbc.com
Future Stock Price Projections
Projections from JPack, a BIFS shareholder, who has significant financial expertise:
agoracom.com
Insider Trades Over the Last Year
biz.yahoo.com
moneycentral.msn.com
insiderscores.com
President and Chief Executive Officer
Alpha (Al) J. Keyser has more than 30 years experience in construction, heavy equipment manufacture development operation and sales, oils and gas drilling operations, and explorative hydrogeology. Mr. Keyser has started and served as CEO of a number of successful small businesses in these areas. In 1989, he started AAA Environmental Services Corp., an environmental services company formed for the development and marketing of equipment, technology and services in wastewater environmental clean up, solid and hazardous waste treatment and air emission control. From 1985 to 1988, he was President and owner of Algasco, Inc., a natural gas exploration and development company which drilled 19 gas wells in the vicinity of Victoria, Texas. From 1978 to 1986, he was President and owner of Alpha Gas Development, Inc., which was formed to do well exploration and development in Kentucky. The company leased in excess of 35,000 acres in Whitley County, Kentucky, resulting in the discovery of one of, if not the, largest gas field in the state. In 1985, the company obtained a $500,000 grant from Department of Energy to provide the extension of Devonian shale into southeast Kentucky. Mr. Keyser sold the company in 1984 but remained as President and CEO until late 1986. From 1973 to 1977, he was the owner and President of Al J. Keyser, Inc., which marketed and installed more than 60 sewage pumping stations in southwest Florida. From 1963 to 1972, he was Eastern Regional Sales Manager for Hein-Wenner Corp. He assisted in the original controls design and pioneered the concept and sale of the larger 1/2 yard and up hydraulic excavators through the eastern U.S. and Canada. He became the number one producer in the company. From 1960 to 1963, he was employed in the sales department of Bay City Shovels and was responsible for installation, demonstration and troubleshooting for a worldwide producer of heavy construction equipment, cranes, backhoes and shovels.
Projected Financial Revenues for BIFS
ragingbull.altavista.com
agoracom.com
Principal Bio Product
BIFS intends to offer its product under its Patent #5,205,935. The patent was issued on 27 April 1993, which covered part of the bioremediation technology the Company intends to utilize in its operations. BIFS proposes to have modular biofiltration systems manufactured by outside sources and to market these systems to various industries.
The biofiltration systems, which will be specifically tailored to each customer's needs, may be utilized for treatment of a variety of waste waters including, but not limited to:
aircraft deicing fluids
landfill leachates
contaminated groundwater
industrial effluents
aluminum can plant solvent wastes
food processing wastewater and other organic wastes.
Water Quality in the U. S.
Liquid Assets 2000: America's Water Resources at a Turning Point (EPA-840-B-00-001)
epa.gov
The History of the Clean Water Act
agoracom.com
Clean Water Action Plan
cleanwater.gov
Federal Funding for Clean Water Action Plan
cleanwater.gov
Airplane Deicing 101
The Clean Aircraft Concept
Part One: agoracom.com
Part Two: agoracom.com
Part Three: agoracom.com
Some Information on Deicing Aircraft
agoracom.com
Takeoff Accidents in Which Wing Surface Ice Contaminations Were a Contributing Factor
agoracom.com
Some Aviation Accidents in Which Improper Deicing was a Contributing Factor
agoracom.com
Air Force Aircraft and Airfield Deicing/Anti-icing
agoracom.com
agoracom.com
Environmental Impact of Deicing Fluids
Airports: Deadly Neighbors
agoracom.com
Plane Pollution
agoracom.com
Summary of Chicago's O'Hare International Airport
agoracom.com
BIFS Patented Technology
Text of US Patent #5,205,935
patents.ibm.com
How BIFS Process Works
biofiltrationsystems.com
biofiltrationsystems.com
Marketing Company for BIFS
agoracom.com
BIFS Competition
Biothane of Camden, New Jersey, involved only in the larger "built in place" anaerobic aspect of wastewater treatment
Baccardi Corporation of Puerto Rico
Pacques Lavatin of Canada ORS of Massachusetts, a subsidiary of GTI;
Biotrol of Minnesota.
CCR, Alberta Canada (website: reclaim.com )
BioFiltration Systems, Inc. (Ticker: BIFS)
(Part II of III)
After reading this DD, if you have any questions, please feel free to contact another long investor at keoana2000@ragingbull.com or visit our basher/spammer/hypester free BIFS message board at leaderforums.com .
BeachAccess.net (BIFS Subsidiary)
Beachaccess.net is a fully owned subsidiary of BioFiltration Systems. Jay Knabb, the CEO of Beachaccess.net, retains his job and position but now has access to capital to expand his company and has already done so by purchasing seven other companies. Beachaccess.net also provides much needed technical expertise and resources to BioFiltration Systems for developing a system to monitor its remote biofiltration plant sites via the Internet. It really is a WIN WIN situation for both companies.
Unlike other CEOs, Jay Knabb (alias jknabb) makes periodic visits to the RB BIFS message board to address shareholder questions and/or concerns.
In July 2000, the company started marketing its SWOMI high speed Internet access solution to hotels, resorts, condominiums, and residential users in Myrtle Beach, South Carolina. Once the system is fully installed, Beachaccess will offer its Internet service to an area spanning from Georgetown, South Carolina to Calabash, North Carolina, thus creating the first multi-state roaming wireless high-speed broadband network.
The company plans on becoming a nationwide service provider and has already built 18 miles of cells along the Grand Strand in South Carolina, financing the construction internally, and is negotiating with a large company interested in financing a national rollout of the service. Beachaccess is also exploring the possibility of implementing a pilot project for the SWOMI wireless Internet system with the California State University -- Humboldt Campus and California Community College - College of the Redwoods campus. And, it recently established a strategic partnership with HospitalityLinx to market SWOMI wireless Internet to convention centers and hotels nationwide.
Beachaccess.net's Acquisitions To Date:
PSC Internet (South Carolina) (ISP and website design) website: pscinternet.net
S O S Computers Solutions (South Carolina) (ISP and web hosting) website: sostech.net
Skynet (North Carolina) (ISP)
PC Wholesale (North Carolina) (computer hardware distributor)
Knight Design (North Carolina) (ISP) Revcon Technologies Corp. (Tennessee) (wireless network provider) website: revconusa.com
Alliance Technologies Corp. (South Carolina) (business to business network provider) website: alliancecomputersys.com
Beachaccess.net's Partnerships:
OTC Telecom (San Jose, California) website: ezylink.com (for SWOMI boxes)
HospitalityLinx website: (South Carolina) website: hospitalitylinx.com
(Marketing Firm for SWOMI)
SWOMI Trademark
tess.uspto.gov
Wireless Technologies
dell.com
Overview of Wireless Broadband Technology (new service being offered)
cabledatacomnews.com
What Customers are Saying About SWOMI
agoracom.com
Beachaccess' Competition
Verizon
ragingbull.com
ArrayComm's (I-Burst)
ragingbull.com
Metricom (Ricochet)
ragingbull.com
Sprint (Broadband Direct)
ragingbull.com
ragingbull.com
AT&T (Digital Broadband)
ragingbull.com
WorldComm
ragingbull.com
Company News Releases
9/22 BioFiltration Systems Inc. Wins Contract from MidAmerica Airport for the Installation of its Patented Bioremediation System
businesswire.com
9/21 Sea Island Resort Signs Contract With BioFiltration Systems Inc. to Receive SWOMI Wireless Internet Services
businesswire.com
9/12 Beachaccess.net's SWOMI to Make its Debut in the Classroom
businesswire.com
Link to Risen Christ Lutheran School: risenchristmyrtlebeach.org
9/11 BioFiltration Systems Inc. Announces the Implementation of its Rural Region ISP Franchise Program for the Distribution of SWOMI Wireless Internet Systems
businesswire.com
9/07 BioFiltration Systems, Inc.: SWOMI Makes Public Debut at Dupont CoolMax World Amateur Golf Tournament in Myrtle Beach
businesswire.com
8/30 BioFiltration Systems Debuts SWOMI Logo
businesswire.com
8/29 BioFiltration Systems Signs Agreement to Provide (SWOMI) Wireless Service to SPM Defender Property Management Group
businesswire.com
8/25 BioFiltration Systems Inc. Issues Statement Regarding Recent Attacks to Discredit the Company and its Products and Solicits Federal Law Enforcement and SEC Intervention
businesswire.com
8/23 BioFiltration Systems CEO Al Keyser Responds to Recent Bloomberg Article
businesswire.com
Archived News Releases
businesswire.com
BIFS in the Papers
Wireless Week:
8/28 Swomi Shoots For A Data Hole-In-One
wirelessweek.com
The Sun News- Myrtle Beach, South Carolina
8/23 Public gets first look at service, Golfers going wireless
thesunnews.com
8/10 Company unplugs Web service
thesunnews.com
6/11 Beachaccess.net's Advertisement in the Myrtle Beach Sun News
ragingbull.com
4/12 Stocks
thesunnews.com
4/8 Net provider in unlikely alliance; Beachaccess hopes to dominate area Internet
thesunnews.com
The Business Journal - Tampa Bay
9/22 Sarasota firm wins contract from MidAmerica Airport
bizjournals.com
9/21 Sarasota tech firm signs on Sea Island Resort
bizjournals.com
9/11 Sarasota firm's wireless Internet making school debut
bizjournals.com
9/11 Beachaccess.net implements franchise program
bizjournals.com
9/7 Sarasota firm provides wireless Internet to sports event
bizjournals.com
8/25 BioFiltration Systems issues statement on attacks
bizjournals.com
8/22 BioFiltration land deals with Super 8 and Days Inn hotels
bizjournals.com
8/09 BioFiltration Systems pitching to California college
bizjournals.com
8/1 BioFiltration Systems Inc. lands another contract
bizjournals.com
7/28 BioFiltration subsidiary signs deal
bizjournals.com
7/25 Beachaccess.net receives orders for wireless system
bizjournals.com
7/19 BioFiltration Systems acquires Alliance
bizjournals.com
6/5 Sarasota firm to buy Tennessee company
bizjournals.com
4/12 Sarasota company buys Internet Service Provider
bizjournals.com
List of All BIFS Articles in The Business Journal, Tampa Bay
bizjournals.com
Herald Tribune News Coast- Sarasota Florida
8/04 Biz buzz - BioFiltration Systems Inc. signed a contract to provide wireless Internet services to Holiday Inn
newscoast.com
7/31 Biofiltration Systems Inc. entered an agreement with Sands Resorts in Myrtle Beach, S.C
newscoast.com
6/20 Biz buzz - BioFiltration Systems Inc. formed a strategic alliance with OTC Telecom
newscoast.com
6/16 Sarasota's BioFiltration Systems Inc. announces a strategic alliance
newscoast.com
6/15 Biz buzz - Biofiltration Systems acquires Revcon
newscoast.com
6/12 Biz buzz - BioFiltration Systems Inc. signed a letter of intent to acquire Alliance Technologies Corp.,
newscoast.com
Note: There are also other articles on BIFS dated 6/6, 6/13, 6/16/ 6/20, 8/1, 8/5 and 8/16 available for viewing at the newscoast.com website for a cost $1.95 each.
Other News
9/18 Getting rid of the bashers and heading higher (FallingShort.com)
fallingshort.com
9/16 Still Searching for the Perfect Web Connection (TheStreet.com)
thestreet.com
6/19 Company is willing to give MidAmerica a deal
ragingbull.com
BioFiltration Systems, Inc. (Ticker: BIFS)
(Part III of III)
After reading this DD, if you have any questions, please feel free to contact another long investor at keoana2000@ragingbull.com or visit our basher/spammer/hypester free BIFS message board at leaderforums.com .
Other Information:
For those new to message boards (common acronyms used)
agoracom.com
Anatomy of a Basher
anatomyofbasher.netfirms.com
Bashers: The Terrors of the Internet
otcnn.com
Dangerous Chatter
forbesbest.com
Online Dictionary for Computer and Internet Technology
pcwebopedia.com
Other Information - Bio Side:
EPA Preliminary Data Summary on Airport Deicing Operations
epa.gov
$40B Aviation Legislation (Plain English)
agoracom.com
$40B Aviation Legislation (Entire Bill in Governmentese)
frwebgate.access.gpo.gov
Possible Future Alternative to Today's Anti-Icing Fluids (not commercialized yet)
agoracom.com
FAA Approves New Infrared Deicing Technology for Aircraft (glycol anti-icing fluids are still needed)
dot.gov
ragingbull.altavista.com
ragingbull.com
ragingbull.altavista.com
Mining and Electric Utility Industries (perhaps possible future clients for BIFS?)
agoracom.com
U.S. court upholds citizen rights to sue alleged polluters
agoracom.com
Everything You Always Wanted to Know About Watersheds But Were Afraid to Ask:
epa.gov
What is the Health of the Watershed in Your Own Backyard?? epa.gov
What is the Health of the River Watersheds in the U.S.??
epa.gov
Where Does My Drinking Water Come From??
epa.gov
Atlas of America's Polluted Waters
epa.gov
What's the Quality of the Water at Your Local Beach??
epa.gov
America's Drinking Water and Wastewater Systems Face Monumental Funding Needs
agoracom.com
Conference Joins Bipartisan Congressional Group to Call For Increased Investment in Water Infrastructure
ragingbull.com
Shows the Persistence of an Environmental Group Against a Polluter
ragingbull.com
Legislative Watch
ragingbull.com
Example of the EPA and a State going after a Polluter
ragingbull.com
Household Hazardous Waste - What You Should & Shouldn't Do
agoracom.com
Guard Your Groundwater!
agoracom.com
Interesting Stats on the Overall Water Crisis in the World
agoracom.com
Other Information - Internet Access Side:
FCC Issues Report on the Availability of High Speed and Advanced Telecommunications Services
fcc.gov
New Threats Await Phone Giants
forbes.com
BROADBAND U
forbesbest.com
Disintermediating the Dot-Coms
forbesbest.com |
