BSLM -.59 x .63 repeated news. I wonder if the think they're not conveying scope of move?
Bio-Solutions Manufacturing, Inc. to Acquire BioExtraction Services, Inc.
Monday May 15, 5:30 am ET
HATTIESBURG, Miss.--(BUSINESS WIRE)--May 15, 2006--Bio-Solutions Manufacturing, Inc. (OTC BB:BSLM.OB - News; Frankfurt:B2T.F - News) has reached an agreement to acquire BioExtraction Services, Inc. (BESI), a New York Corporation, in a stock exchange.
BESI owns a proprietary technology complementary to Bio-Solutions Manufacturing's current line of business, and in particular, enhancing its recent venture into the production of biodiesel.
This transaction is expected to close in the very near future.
According to Peter Chapin, President and CEO of BioExtraction Services, Inc., "This is a perfect marriage bringing together BSLM's biotechnology and BESI's mechanical interceptor in a symbiotic relationship that will allow us to become a major player in renewable energies with green and environmentally safe fuels to meet the energy needs of the future."
About Bio-Solutions Manufacturing, Inc.:
Bio-Solutions has developed superior microbiological products for waste bioremediation. Bio-Solutions currently services many municipal collection systems and a growing number of food service facilities in the United States. The company's products have been approved by an ever-growing number of municipalities for use in food service facilities that produce waste products introduced into the municipal collection systems. Bio-Solutions' products treat waste in an environmentally friendly and safe manner in compliance with Federal and State government standards.
Bio-Solutions has developed a line of environmentally friendly cleaning products that include all-purpose cleaner, carpet cleaner, concrete and asphalt cleaner, and floor soap. With this line of products, it is enabling Bio-Solutions to broaden its customer base to the residential areas as well as the businesses and municipalities.
Bio-Solutions has acquired a unique patented grease extractor to be used in conjunction with bioremediation solutions to extract desired oil and grease to be converted into value-added product, such as biodiesel fuel.
Bio-Solutions has developed a line of soil amendment products and procedures to target the amendment of poor soil due to fertilizer burn-out or soil compaction.
Safe Harbor for Forward-Looking Statements:
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.
Contact:
Bio Solutions Manufacturing, Inc.
Patricia M. Spreitzer, 702-222-4781
Source: Bio Solutions Manufacturing, Inc. |
