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Share Name | Share Symbol | Market | Type |
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USOTC:BCLE | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.0001 | 0.00 | 01:00:00 |
Bio-Clean International, Inc. (Pink Sheets: BCLE) (www.bio-cleanintl.com) announced today that it remains in ongoing negotiations with Bio-Clean, Inc. (OTCBB: BOCL) regarding certain of the economic terms of the potential transaction that the company announced on Friday, October 23, 2009. That potential transaction would result from the announced non-binding Letter of Intent, in which the company disclosed its intention to sell its subsidiary, American Bio-Tech Cleaning, Inc., to BOCL. BOCL is not otherwise affiliated with the company, but sells the company’s cleaning products under a distribution agreement. Further, the company cannot confirm that the 14M share figure disclosed by BOCL in its press release of today is accurate and has so advised BOCL.
About Bio-Clean International, Inc.
Bio-Clean International, Inc. recognizes the problems facing our environment. Our exclusive, non-toxic, bio-remediation fluids provide an environmentally-safe solution. Our exclusive products and machines have been tested and shown to be in complete compliance with environment regulations, in other words, “Cleantech”.
Our majority-owned subsidiary, American Bio-Tech Cleaning, Inc. (ABT), designs and manufactures customized parts and weapons washing/cleaning systems that are eco-friendly, using a water-based cleaning fluid integrated with a self-contained bio-remediation process. We also own a minority interest in American Bio-Clean Corporation (ABC) which markets and distributes our cleaning fluids and parts/weapons cleaning machines. ABC is a Service-Disabled Veteran-Owned Business (SDVOB) that is certified and meets the Federal-mandated 3% minority spending requirements. Similar mandated spending requirements adopted by most states vary from 3% to 20%. Additionally, many private sector companies have targeted goals for suppliers.
We also maintain a minority interest in Veterans Training Corporation (VTC) which is also a SDVOB business based in Southern California and provides a wide range of training programs for a variety of clients including the U.S. Department of Defense. In addition, VTC provides training programs for the private sector such as its OSHA safety-training programs for the construction industry.
For more information about Bio-Clean International, Inc. please visit our website, http://www.biocleaninternational.com.
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