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SFC Blueocean Nutrasciences, Inc.

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Share Name Share Symbol Market Type
Blueocean Nutrasciences, Inc. TSXV:SFC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Solutions4CO2 Inc. Announces Its Joint Venture Subsidiary's First Purchase and Distribution Agreement

16/12/2013 1:10pm

Marketwired Canada


Solutions4CO2 Inc. (TSX VENTURE:SFC) ("S4CO2" or the "Company") is pleased to
announce that its 50% owned Joint Venture Subsidiary ("the JV Sub") has signed a
Purchase and Distribution Agreement with a privately owned Canadian company
("the Customer") that is an established supplier of ingredients and products in
the nutraceutical industry.


The JV Sub uses the S4CO2 Bio-Extraction Process ("BEP") that incorporates a
liquid to liquid solvent extraction process to extract and blend high-value
shrimp oils from shrimp by-products.


The Purchase and Distribution Agreement has a 3 year term with minimum and
targeted purchase volumes at a fixed price, subject to certain conditions,
including the product meeting specifications to the satisfaction of the
Customer.


The first purchase amount will be for up to half of the final shrimp oil product
from the 2013 shrimp by-product feedstock that the JV Sub has already obtained
from the Fall catch. The product is expected to be shipped and revenue
recognized in the first quarter of 2014, assuming there are no production
delays.


The Customer will put forth a Letter of Credit for one hundred percent of the
minimum purchase volumes of product from the 2013 feedstock and the minimum
purchase volume outlined in the Purchase and Distribution Agreement for Q2 2014.


To secure the right to purchase additional volumes of product above the minimum
volumes for the following semi-annual periods during the Purchase and
Distribution Agreement, the customer has agreed to put forward semi-annual
Letters of Credit at the beginning of the first and third quarters for an amount
equal to the minimum purchase volumes as outlined in the Agreement.


This Purchase and Distribution Agreement to supply high value shrimp oils is the
first commercial scale Agreement that S4CO2's JV Sub has executed.


About Solutions4CO2:

Solutions4CO2 is a Canadian company that develops innovative waste-gas, water,
biomass to high-value co-product solutions using proprietary and licensed
technologies under the trademarks Integrated Biogas Refinery(TM) ("IBR") and
Bio-Extraction Process(TM) ("BEP"). The IBR integrates best in class
technologies to convert various organic waste streams into high-value algae
co-products. The BEP utilizes a liquid to liquid solvent extraction process to
extract and fractionate high-value co-products from shrimp by-products.
Solution4CO2's business model allows the company to participate in joint-venture
projects with partners across the waste-to-high-value co-product value chain, or
sell projects on a design, build, operate and maintain basis.


Forward-looking Statements

This news release may contain forward-looking statements that are based on
Solutions4CO2's expectations, estimates and projections regarding its business
and the economic environment in which it operates. These statements are not
guarantees of future performance and involve risks and uncertainties that are
difficult to control or predict. Therefore, actual outcomes and results may
differ materially from those expressed in these forward-looking statements and
readers should not place undue reliance on such statements. Statements speak
only as of the date on which they are made, and the Company undertakes no
obligation to update them publicly to reflect new information or the occurrence
of future events or circumstances, unless otherwise required to do so by law.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Solutions4CO2 Inc.
Douglas Kemp-Welch
CEO
416-803-9435


Solutions4CO2 Inc.
Dil Vashi
Manager Corporate Development
416-803-9435 extension 104
www.s4co2.com

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