BSLM News 2006-07-12 23:14 ET - News Release
HATTIESBURG, Miss. -- (Business Wire) -- July 12, 2006
Bio-Solutions Manufacturing, Inc. (OTCBB: BSLM)
(Frankfurt: B2T.F) today announced its commencement of its new
bio-diesel venture by combining the recently acquired Bio-Extraction
Services, Inc., (provider of the technology for extracting oil and
grease from food service facilities' grease traps (interceptors) and
municipal collection systems), with the proposed acquisition of
Bioremediation Services, Inc. and its growing network of franchisees.
Franchisees' earnings in the past have been derived from services
they provided to food service facilities for treatment of grease traps
and drain lines and municipal sewer mains, lift stations, and
treatment plants. The oil and grease waste derived from the commercial
cooking establishments is divided into two categories: yellow and
brown grease. There is typically twice as much brown grease per
restaurant as yellow grease, and BSLM technology can handle both
types.
It is intended that all existing franchisees will be required to
upgrade their franchise agreement in order to participate in the
Bio-Extractor program. With the addition of the Bio-Extractor, each
grease trap and lift station can become a small individual oil well,
with the potential to increase revenue to the franchisee and the
Corporation with relatively little add-on costs. Bio Solutions intends
to revamp its franchise agreement for all new franchisees allowing
them to participate in this new bio-diesel feed stock extraction
venture and this represents a significant potential increase in
revenues for both Bio Solutions and its network of franchisees.
According to Michael Silverman, President of Bioremediation
Services, Inc., "This represents a major opportunity for Bio Solutions
- one that we believe can increase corporate and franchise revenues.
The BioExtractor opens the door for franchisees to own and operate
their own individual oil wells, extracting the oils and grease from
food service facilities and municipal treatment facilities that can be
used to produce bio-diesel and other value-added products. This is a
great opportunity and I look forward to the expansion of our company
in this field."
According to U.S. government statistics, the combined potential in
the United States for bio-diesel production is in excess of
1,650,000,000 (1.65 billion) gallons per year and growing rapidly.
This production is potentially of major significance in accordance
with President Bush's plan to combat high gas prices. Bio-Solutions
believes it can produce bio- diesel for less than $1.00 per gallon and
is also entitled to receive a .50 per gallon tax credit for the
refiner, according to President Bush's Four Part Plan Program. See
fact sheet at
www.whitehouse.gov/news/releases/2006/04/20060425-2.html. BSLM, with
its technology for extracting oil and grease (feed stock for
bio-diesel), is seeking to become a major player in this industry.
David S. Bennett, President and CEO of BSLM, states: "Our corporation
is striving to fulfill its mission to help combat the destructive
agents that pollute and harm our environment, in addition to helping
America lower its dependence on foreign oil."
Bio Solutions corporate office anticipates hosting a major
training session for new franchisees and recruits in September 2006.
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 also developed a line of environmentally
friendly cleaning products that include an all purpose cleaner, carpet
cleaners, concrete and asphalt cleaners, and floor soaps. With these
lines of products, it is enabling Bio Solutions to broaden its
customer base to residential areas as well as to 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 products.
AI
