BSLM $2.25 Million Funding Received by Bio-Solutions Manufacturing
Market Wire - May 2, 2006 5:38 AM (EDT)
HATTIESBURG, MS -- (MARKET WIRE) -- May 02, 2006 -- Bio-Solutions Manufacturing, Inc. (OTC BB: BSLM) (Frankfurt: B2T) announces the finalized agreement for straight equity financing with T & T Capital of Switzerland. The financing was done at $.50 per share with warrants at $1.00 per share. "T & T Capitol has financed many companies in the US and Europe and is looking forward to working with Bio-Solutions Manufacturing, a revolutionary bioremediation and bio-diesel company," says Mr. Ivano Anglestri, T & T Capital's President.
"We are very pleased to have T & T Capital as a business partner and we are looking forward to the opportunities this venture will bring," says Mr. David Bennett, President and CEO of Bio-Solutions Manufacturing. "This funding gives us the ability to develop and market our biodiesel and environmental products. In addition, the financing will allow BSLM to join with the marketing arm of Bio-Solutions Franchise Corp. (BSFC), the corporation that has the patented grease extractor technology which allows us to produce bio-diesel."
About Bio-Solutions Manufacturing, Inc.
Bio-Solutions has developed superior microbiological products for waste bioremediation. Bio-Solutions currently services many municipal collection systems and a growing number of food service facilities in the United States. The company's products have been approved by an ever-growing number of municipalities for use in food service facilities that produce waste products introduced into the municipal collection systems. Bio-Solutions' products treat waste in an environmentally friendly and safe manner in compliance with Federal and State government standards.
Bio-Solutions has developed a line of environmentally friendly cleaning products that include all-purpose cleaner, carpet cleaner, concrete and asphalt cleaner, and floor soap. With this line of products, it is enabling Bio-Solutions to broaden its customer base to the residential areas as well as the businesses and municipalities.
Bio-Solutions has acquired a unique patented grease extractor to be used in conjunction with bioremediation solutions to extract desired oil and grease to be converted into value-added product, such as biodiesel fuel.
Bio-Solutions has developed a line of soil amendment products and procedures to target the amendment of poor soil due to fertilizer burnout or soil compaction.
Safe Harbor for Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.
Contact:
For More Information, Please Contact:
Patricia M. Spreitzer
Investor Relations
(702) 222-4781
AI
