COPENHAGEN, DENMARK -- (Marketwired) -- 07/15/13 -- Bioflamex Corp (PINKSHEETS: BFLX). The Management of BFLX are pleased to introduce a new distribution partnership covering parts of the United States.
Bioflamex Corp. and the private company Progress Alternative Group, LLC (PAG) have entered a distribution collaboration agreement, wherein PAG will assume exclusive responsibility of sales and distribution in the geographical area comprised of Louisiana, Wyoming, North and South Dakota, Utah and Kansas. In addition to these markets, PAG will also work on key clients in Texas and Oklahoma. In return, PAG have committed to perform sales of a minimum US$1,000,000 per annum.
The main focus of activities will be on the Industrial segments, with an initial targeted drive towards the Oil & Gas producing businesses in the areas covered by PAG activities. The partners have developed 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.
Mr. Kristian Schiorring, CEO of Bioflamex Corp., noted in a comment, "Following a demanding period for the company, it is immensely pleasing to have this first cooperation agreement in the U.S. in place. We have high expectations for the results this partnership will generate for the company, both short term and long term."
Karl Schilling, General Partner of Progress Alternatives Group, LP, stated, "We are very pleased and excited about this strategic alliance opportunity to help establish and grow the US market for the unique and innovative Bioflamex product line. These products can make a dramatic difference for Oil Field producers in both their safety programs as well as environmental and productivity improvements within their fire control platforms."
The company and PAG will plan the upcoming activities during August-September.
BFLX officers own 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 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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