Cann American Corp (CNNA)

[energystar]

from 1 year ago...so what has happened??????
Copenhagen, July 5, 2013 – Bioflamex Corp (BFLX.PK).
CEO, Kristian Schiorring today issued a letter to update shareholders on the current status and forward view of the company.Dear Fellow Shareholders,
Current Status:
The company management would like to take the opportunity to inform our shareholders on the current state of affairs.
The management has been working on a reconstruction of the company following the failed merger agreement with TAM. This has been going on from October 2012 up until now, and the company is in the last stages of said reconstruction. The process has been protracted due to some administrative steps that were delayed, however that being completed the management are now able to look forward with new energy and with a renewed focos on procuring the planned funding.
Forward view:
The company management has been – and is - heavily engaged in developing its product propositions and agent and distribution network. The company is in the final stage of negotiations with several potentially suitable companies that offer great prospects to collaborate with. The companies that we are currently negotiating with represents geographic areas as several major states in the United States, Japan, China, South Korea, Spain, Germany/Nordic.
In addition to that, the management has been involved in developing a suitable advanced performance product package directed towards industrial clients in key sectors. Also, the roll out of the Bioflamex aerosols for private households is still a high priority for the company into which significant investments will be directed.
Furthermore, it will be evident in the imminent future that the company also aims at implementing new unique products from its key partners as well as a strategic initiative to increase the company’s reach within the “clean tech” industry; the objectives of such new introductions being to enhance the prospects for revenue growth.
Significant work is being conducted on providing the required funding, and upcoming news releases will report the progress on a range of related matters. The management expects that the initial operations funding should be in place during August-October 2013.
The management has a strong belief that entering a selection of these partner agreements and the continued work on our portfolio will enable to the company to generate significant revenue growth in 2013 and 2014.
Sincerely,
Kristian Schiorring, CEO

http://www.otcmarkets.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=1763409240
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