Regarding BIFS - For what it's worth, I called them and they sound legit and excited about their plans. Had a friend back east go check them out and they a. Exist and b. He saw a working model of this SWOMI in action and said it's amazing. Anyway, it may be a long shot, but worth a look at the DD.
New press release on BIFS:
Wednesday October 4, 11:59 am Eastern Time
Press Release
Biofiltration Systems Inc. Adopts Reorganization Plan and Appoints Executives to New Company Positions
SARASOTA, Fla.--(BUSINESS WIRE)--Oct. 4, 2000--Biofiltration Systems, Inc. (OTC:BIFS - news) announced today that the company has implemented its plan to adopt a major reorganization strategy that consolidates and streamlines the reporting and control of the company's operations, administration, and technology functions. Along with this reorganization, Board Chairman and CEO Al Keyser announced that the company will now be operating under its new corporate name, BIFS Technologies Corporation.
In an effort to consolidate the executive level management functions and to establish an organizational platform that provides for the achievement of its existing and planned business objectives, BIFS Technologies Corporation reorganized its Biofiltration and Beachaccess subdivisions into a four-tiered company reporting structure. The new corporate structure contains an Administrative Services Division, an Environment Systems Division, an Information Systems Division, and a Technology Development Division and centralizes these functions under the corporate headquarters in Sarasota, Fla.
Mr. Ken Bourg has assumed duties as the company's Engineering Manager and is responsible for overseeing new product research, engineering and design, product testing, and product enhancement. Mr. Bourg has a diverse professional background that includes experience with RCA Systems, Centronics Corp., and Gateway Computer Systems. Mr. Bourg has performed an integral role in the design, development, and deployment of BIFS Technologies Corporations new SWOMI wireless Internet product and has served as one of the company's principle developers.
Mr. Paul Aubin has assumed duties as the company's Managing Director for Myrtle Beach Operations and is responsible for overseeing the company's site evaluation program, systems installation, systems management, and ISP operations. Mr. Aubin's professional background includes experience with companies such as Apollo Computer Inc., and Wang Laboratories. He was also an active member of the SWOMI design team.
Mr. Jay Knabb will concentrate his efforts on SWOMI, new product development, design, system performance, and product enhancement as required.
Mr. James Feiler, will serve as the company's Managing Director for Environment Systems and will oversee the company's daily operations of biofiltration and bioremediation systems. Mr. Feiler's professional experience includes management and technical positions with such companies as Groundwater Technologies Inc., PSI, and Biofiltration Systems Inc.
Mr. Thomas Cannon will continue to serve as the Marketing Director for the Environment Systems Division. Mr. Cannon has been with Biofiltration Systems Inc., for the past seven years and prior to his affiliation with the company he held positions with the Standard Oil Company of Ohio and Flow International Incorporated.
Mr. Al Keyser, Chairman and CEO of BIFS Technologies Corporation commented on the reorganization by stating, ``The fast paced developments being experienced by our company's operations and ventures into new markets and new technologies has dictated that we reorganize all of our resources, reassign selected personnel to their areas of specialization, and establish a corporate management structure that addresses the issues of economy of scale, elimination of redundancy, and the achievement of business objectives. This new corporate organizational profile is seen to provide the opportunity for BIFS Technologies Corporation to continue its efforts to explore new marketing opportunities, to keep pace with the demands of its operations, and to execute its newly adopted business plan.''
Mr. Keyser further commented by stating, ``Our immediate operations focus will be to bring the twenty-five hotels contained in our existing SWOMI contracts online as rapidly as possible, along with the installation of the MidAmerica Airport biofiltration system. A simultaneous effort to process fifty requests for information received thus far through the ISP Franchise Program announcement will also be given priority. I believe that this new organization strategy, along with the promotion of selected personnel to key executive positions within the company, will provide BIFS Technologies Corporation an adequate resource deployment strategy and organization plan to address the variety of issues and opportunities that continually arise as we move toward the attainment of our business objectives.''
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward looking statements, including, but not limited to, the Company's ability to market its products and services and future customer acceptance for these products and services and other risks detailed from time to time in company documents furnished to investors.
--------------------------------------------------------------------------------
Contact:
BIFS Technology Corporation, Sarasota
Al Keyser, Chairman and Chief Executive Officer
Telephone: 941/343-9300
Fax: 941/343-0404 |
