Bio Bridge Science (CE) (USOTC:BGES)
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Bio-Bridge Science, Inc. (OTCBB:BGES), a biotechnology company engaged
in the commercial development of vaccines for the prevention and
treatment of human infectious diseases announced today that it had
received a certificate of approval from the Department of Commerce of
Inner Mongolia Autonomous Region of the PRC for approving the
acquisition of Xinheng Baide Biotechnology Co. Ltd. BGES has one month
to close the transaction, and obtain the new business license. The
transaction is expected to close before the end of July.
Dr. Liang Qiao, Chairman and CEO of Bio-Bridge said, “We
are happy to see the Inner Mongolia government has approved our
acquisition of Xinheng Baide. The completion of the acquisition of
Xinheng Baide will be a significant first step of our acquisition
strategy. We believe Xinheng Baide will provide revenues and
complementary products to Bio-Bridge.”
This press release contains forward-looking statements. Forward-looking
statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and
other statements that are other than statements of historical facts.
These statements are subject to uncertainties and risks including, but
not limited to, product and service demand and acceptance, changes in
technology, economic conditions, the impact of competition and pricing,
government regulation, and other risks defined in this document and in
statements filed from time to time with the Securities and Exchange
Commission. All such forward-looking statements, whether written or
oral, and whether made by or on behalf of the company, are expressly
qualified by these cautionary statements and any other cautionary
statements which may accompany the forward-looking statements. In
addition, the company disclaims any obligation to update any
forward-looking statements to reflect events or circumstances after the
date hereof. Please refer to the Company's SEC filings for additional
information.