Message #4 From:
NewsBot Date: July 17, 2006 02:30:00 AM
BSLM News Bio-Solutions Manufacturing, Inc. Completes Acquisition of Bio-Extraction Services, Inc.
HATTIESBURG, Miss.--(BUSINESS WIRE)--July 17, 2006--Bio-Solutions Manufacturing, Inc. (OTCBB: BSLM) (Frankfurt: B2T.F) announced today that it has completed the acquisition of 100% of the outstanding equity interest of Bio-Extraction Services, Inc. from Bio Solutions Franchise Corp. (BSFC) for 10,000,000 shares of our common stock.
Bio-Extraction Services, Inc., within its franchise network, will collect the fats, oil, and grease (FOGs) extracted from its commercial cooking establishment customers, using the new technology of the BioExtractor. The BioExtractor is made of three compartments through which waste travels before reaching grease traps of commercial cooking establishments. The first compartment allows the grease to flow over the top into the second compartment while trapping sediment in a removable, cleanable tray. The second compartment, using patent pending technology, removes a majority of the FOGs that flow through the extractor. The third compartment gives opportunity for the introduction of microbial products to remediate any remaining FOGs that enter the grease trap, and later, the municipal collection system.
Peter Chapin, the inventor of the BioExtractor, will serve as Chief Executive Officer and President of Bio-Extraction Services, Inc.
About Bio-Solutions Manufacturing, Inc.:
Bio-Solutions has developed microbiological products for waste bioremediation. Bio-Solutions' products are currently used to service 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 also developed a line of environmentally friendly cleaning products that include an all purpose cleaner, carpet cleaners, concrete and asphalt cleaners, and floor soaps. With these lines of products, it is enabling Bio-Solutions to broaden its customer base to residential areas as well as to businesses and municipalities.
Bio-Solutions has acquired a patented grease extractor to be used in conjunction with bioremediation solutions to extract desired oil and grease to be converted into value-added products.
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.
