COPENHAGEN, DENMARK -- (Marketwired) -- 07/10/13 -- Bioflamex Corp. (PINKSHEETS: BFLX).
The Management of BFLX is pleased to announce the signing of a MOU covering a distribution partnership for Texas and subsequently also California.
To further strengthen the focused efforts towards the Industrial and Professional industry segments, Bioflamex Corp. has a MOU with a privately owned company with strong links to the Oil and Gas industry, as well as private consumer distribution.
Initially, the main emphasis will be placed on sales and distribution in the state of Texas, utilizing the deep relationships that the new partner has developed in the Oil & Gas industry.
The main focus of activities will be on a product package proposition, well suited to meet the fire fighting needs of such enterprises. The package contains the combination of the IFEX impulse gun technology and the effective Bioflamex-Hartindo biological foam concentrates, and complementary smoke and fire protection masks.
The partners have agreed to pursue more ventures covering additional states and sectors, as well as possible additional long term operational funding, and the execution of those items will be carried out during Q3-Q4. Due to the ongoing work on possible financing groups, the partner has asked for discretion until a commitment from a financing group has been obtained.
Mr. Kristian Schiorring, CEO of Bioflamex Corp., stated, "It is a privilege to be able to work with this new partner and their unique network, and we are certain that the collective efforts will have a great impact on our business. We are planning the first projects and expect that to be noticeable in the Q4 financials of the company."
BFLX officers own over 8BN restricted shares which do not qualify to be sold until March 2014.
About Bioflamex Corp.: Bioflamex Corporation is a company focused on the development, production and marketing of "clean tech" and advanced high performance fire protection products and systems.
With its global scope, Bioflamex Corp. aims at penetrating the private market segments with its proprietary Bioflamex aerosols and the Industrial and Professional sectors with the combination of the IFEX Impulse Gun system and the clean and safe Bioflamex-Hartindo biological concentrated foam extinguishing solutions. The mission is to reduce environmental impact of fire fighting while saving lives, forests and property from fires.
In a $100 billion fire safety and electronic security market, Bioflamex Corp. aims to become a leading "clean tech" niche player.
FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.
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