COPENHAGEN, DENMARK -- (Marketwired) -- 09/10/13 -- Bioflamex Corp (PINKSHEETS: BFLX).
The Management is pleased to introduce a new World Patent Emergency Escape System into its portfolio of products, the Smoke Detector & Escape Hood Combo Set from CY Holdings.
Bioflamex Corp. expects this new innovation to generate significant interest from prospective clients in the markets covered by the company. The ASE30DH Emergency Escape System is developed by the Head of the fire protection section of CY Holding, Mr. Robert Coleman. As the first, it combines an efficient smoke detection unit with a smoke escape hood, increasing the likelihood of escape from fires.
The world's ONLY Complete System that Gives 100% Protection for Escape from Toxic Smoke -- Smoke / Gas Detection with Emergency Lighting / Audible Alarm / 30 Minute Escape Hood.
Being ideal for both private residents and corporate employees in multiple-storage buildings this new "first of its kind" product will help Bioflamex Corp. to penetrate especially the hotel and retail markets.
Bioflamex Corp. is the exclusive distributor covering all EU (49 countries) and sales to certain sectors in the US. The company expects sales of ASE30DH Emergency Escape System to compose approximately 10% of total sales within the coming 3-4 years, amounting USD 4-5 million, however sales potential could be substantially higher considering the size of the market Bioflamex Corp. controls according to Mr. Kristian Schiorring, CEO, Bioflamex Corp.
BFLX officers own over 8BN restricted shares, which do not qualify to be resold until March 2014.
About CY Holdings: The company is one of China's largest independent full-service fire services companies, providing extensive services to public fire services and private companies alike, with special emphasis on the mining industries.
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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