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UPDATE – Boon Industries Chairman Letter – $25M Projection with DiOx+ Sales Underway
Jan 14, 2021
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SACRAMENTO, CA, Jan. 14, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — BOON Industries (OTC PINK:BNOW) (“BOON” or the “Company”), announces the Chairman Letter.
Justin Gonzalez, Chairman and CEO, stated “The Company has completed its testing and compliance for its new product DiOx+. The Company has also received an EPA establishment number for the production of DiOx+. There are several immediate purchase orders from commercial buyers, and various GSA contractors evaluating the product for military, civilian and government applications.
“Our auditing firm is finalizing the Form-10 and the company anticipates being a fully-reporting issuer this quarter, along with up-listing to the OTCQB. This will change the dynamics of institutional investor opportunities for our market, and strengthen our trading analytics.
“The DiOx+ technology benefits i) the Agriculture & Food Processing sector for use as an anti-microbial pesticide, sanitizer and/or disinfectant for fruits and vegetables, and meat processing, ii) the Consumer Packaged Goods sector will utilize the product as a more cost effective oxidizing agent to disinfect and sanitize, iii) Commercial Logistics for use to reduce operational costs using DiOx+ to sanitize and disinfect warehousing and distribution centers, iv) the GSA/Health Services will use DiOx+ for a more effective solution to sanitizing and disinfecting applications, especially for Covid and other viral strains in medical facilities.
“The company has completed Phase I & II of building its production plant and corporate offices in Grass Valley, California, and has started production, bottling, labeling and shipping of its DiOx+ product. Projections during the next 3 years are approximately $25M.
“We look forward to a productive and exciting 2021, and welcome our shareholders to visit our facility and engage in supporting Boon Industries.”