(COMTEX) B: Bio-Heal (OTC: BHLL) Refutes The Our Street Report of Yesterda
( PRNewswire-FirstCall )
B: Bio-Heal (OTC: BHLL) Refutes The Our Street Report of Yesterday ( PRNewswire-
irstCall )
MANAGUA, Nicaragua, March 31, 2005 /PRNewswire-FirstCall via COMTEX/ -- It has
come to our attention that a web-front for "short-sellers" of securities, known
as "The Our Street Report," has published and released as factual news false,
misleading, and potentially damaging information regarding our company, Bio-Heal
Laboratories, Inc. (OTC: BHLL).
Bio-Heal Laboratories, Inc. is a leader in the field of natural healing research
in Central America. The products that are currently being manufactured and
produced in Bio-Heal's own laboratories and facilities are topical
pharmaceutical products, used in the treatment of diabetic ulcers, decubitus
ulcers, acne and other conditions of the skin and underlying tissues. These
products have been tested extensively, and have proven to be effective in
accelerating the healing process and the proliferation of epithelial cells and
dermal tissue that has been damaged, wounded or burned.
These indigenous regional products have been in use by people of the region for
centuries. Natural components are grown and harvested on Company property, and
processed in Company facilities (see Company's Information Disclosure Statement
pursuant to Rule 15c2-11 posted on pinksheets.com on March 10, which
has been conveniently overlooked by the short-sellers).
The Company owns 11,500 acres of virgin tropical rain forest, which the Company
purchased, where it shall grow and harvest many of the items needed for these
products. The selective timber rights for the property are said to be in excess
of $5,000,000.00 USD, should the Company ever decide to sell some of the timber.
The Company also owns and operates a 45,000-sq.-ft. facility 80 miles north of
Managua on the Pan-American Highway, as well as owning and managing agricultural
land nearby (See 15c2-11 on pinksheets.com).
Additionally, Bio-Heal Laboratories operates medical facilities for continuing
testing of its healing products and other natural remedies indigenous to the
region and the Central American rain forests. The clinical testing installation
is located in Masaya, Nicaragua, adjacent to the newest hospital in the region.
Bio-Heal's facility is fully staffed with five physicians, four wound care nurse
specialists, and three technicians. These people are salaried employees of the
Company, as are the personnel employed in the agricultural, harvesting and
manufacturing processes of the Company. There is also an external pathology lab
that is staffed by two additional physicians.
The article by "The Our Street Report" made an intentional and deliberate
attempt to distort the facts about our Company and to manipulate the market for
the securities of the Company. These "short-sellers," like those associated with
"The Our Street Report," have misled investors by saying and making outrageous
claims about the share structure and its share history since inception. They
have done this to bring harm to persons who have invested in the shares of the
Company and to benefit themselves by preying on the investing public.
We can assure you that these despicable acts of theirs will also be brought to
the attention of the United States Securities and Exchange
Commission. No one at the Company has done anything to warrant these kinds of
accusations.
The Company has never hired, paid, or contracted with anyone to write anything,
publish anything, or put up a website on behalf of the Company. We know of no
one that has. We acknowledge that in Europe (such as in Luxembourg, where the
site mentioned yesterday was found) factual data about the Company was posted
there without the Company's permission. The data presented there is accurate,
although the Company has never made any projections about its future share price
or performance.
The Company has always been very careful to disclose that it does not expect to
have significant public sales until 2006, but that it is presently in production
of such products. Anyone who wishes to travel to the Company facilities can
schedule a tour of the various facilities at any time.
Further, the Company facilities can be viewed on our website at any time at
bio-heal.com, which is also posted on pinksheets.com.
Also, treatment modalities, actual patient photographs, the clinic,
laboratories, and the manufacturing facility are all on the website for anyone
to view.
This article is a notorious tactic for the "short-sellers." They dazzle you with
the "facts according to them," albeit incorrect, and then conveniently leave out
the truth and any factual representation of the Company. They call market makers
on the telephone, who fall prey to their manipulations the same way that
investors do, and then they reap huge profits off the back of innocent Companies
and their shareholders. It is apparent that the author of yesterday's
"short-seller" article that was distributed on the various news services, did
not read or review the Company's website.
The Company has undergone great expense to bring this information to the public.
By convincing legitimate investors to now sell their shares by creating panic
and hysteria, they (the "shorts") are able to sell shares that they do not even
own at a higher price, and then buy them back from the selling investors at a
lower price, and keep the difference, all off the backs of the investors and
their phony press releases disguised as news.
By spreading falsehoods on questionable websites operated by short-sellers, such
as "The Our Street Report," they feed on the individual investor in this stock
manipulation tactic, with little fear of the SEC bothering them for their
crimes, as they just point the finger at others and profit from it while the
regulators look to the innocents and leave the short-sellers alone.
The article by them states right in it that they feel the need to defend what
they do in shorting stocks! What kind of people are these? Here we are, a
holistic, all-natural medical product manufacturing company, dedicated to
helping people get through life a little easier, or in a little better shape,
and these people prey on them. We find it disgusting.
The Company has substantial cash in the bank, and the Company's assets in
property, buildings, testing facilities, research operations, and its 38
employees are evidence that these "short-sellers" have an alternate agenda -
meaning one other than purveying factual information. The fact that they are
disseminating false information in publicly filed documents is criminal, and for
this, the owners of "The Our Street Report" should certainly pay.
Bio-Heal has no affiliation or contact with anyone posting any website other
than our own. However when we viewed the data on the website
primepennystock.com, the data there is not inconsistent with that of
the Company, (except for the claims of future gains in the stock pricing, etc.).
We believe that this website was engineered by the people that made the news
release yesterday and that they made that website up to accuse us of what they
have, thereby enabling them to short this good company because of information on
the website that they created themselves! Who else would know that the site
belongs to someone in Luxembourg for heaven's sake? How would they know who
controls it over there in Europe if it isn't they themselves? It seems odd to
us.
And in that regard, historically of late, the stock price has risen
substantially, although we were not going to mention it until they did. We think
that a price increase from $3.00 to $10.00 is certainly remarkable, although we
cannot take credit for it. We have no idea or interest in the daily activity
such as they speak of. We are busy researching our products. We also feel that a
precipitous drop like today, from $10.80/share to $4.30 is horrific! And they
are the ones that profited! As we said, we find it very disconcerting. But as
the SEC investigates their complaint about us (if one was actually filed), then
it will be they that shall be discovered.
For more information on our Company, always look to pinksheets.com
for the official news from the Company or visit bio-heal.com.
George K. Minto
Secretary/Treasurer
Bio-Heal Laboratories, Inc.
This release was issued through eReleases(TM). For more information, visit
ereleases.com.
SOURCE Bio-Heal Laboratories, Inc.
CONTACT: George K. Minto, Secretary
URL: prnewswire.com
bio-heal.com
www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
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KEYWORD: Nicaragua
INDUSTRY KEYWORD: HEA
MTC
SPM
OTC
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