Bio-Clean International, Inc. (fka BCLE)

[JacKofHeartS]

Shipley's gone? Why was this never posted? I guess cause no one cares anymore.


Huntington Beach, CA, Mar 01, 2010 (M2 PRESSWIRE via COMTEX) --

Bio-Clean International, Inc. (Pink Sheets: BCLE | Quote | Chart | News | PowerRating) (www.bio-cleaninternational.com) announced today that the new Board of Directors of the Company, in its last meeting held on February 17, 2010, undertook to approve and ratify certain actions, including the adoption of resolutions. In summary, the Board approved (1) a resolution that the Company's 41% ownership of American Bio-Clean, Inc., (ABC) be carried on the books and records of the company as investment only, and not as an affiliated entity or a subsidiary, (2) approved the acquisition of Bio-Clean Energy, Inc. (detailed in prior release), and (3) ratified the sale of Veterans Training Corp. back to John Finn in return for the Company's common stock owned by Mr. Finn. Additional acquisitions under consideration will be announced as they materialize.

In further actions, the Board ratified the previous sale of American Bio-Tech Cleaning, Inc. (ABT) to ACT Clean Technologies, Inc. for preferred stock of ACT, to be issued and held by the Company's legal counsel, in trust, for the benefit of the stockholders of Bio-Clean International, Inc. Additionally, for this Company's uncontested permission for the use of the name "Bio- Clean", the Board ratified the agreement to accept from Bio-Clean, Inc. three million (3,000,000) shares of common stock of Bio-Clean Inc., also to be held by the Company's legal counsel, in trust, for the benefit of the stockholders of Bio-Clean International, Inc.. Other ratification actions included the cancelation of the private placement contracts announced in November in the amount of $300,000 with only $50,000 of that amount received in December, 2009.

The Directors also acknowledged as still outstanding the purchase order from Bio Clean Inc., in the amount of $1,000,000, with the fulfillment date now expected to begin no later than the end of April 2010, subject to private label name approval, trademark, and establishment of bottling facilities for gallon and/or 32 oz. spray bottles, and, possibly, 20 oz. aerosol cans.

In regard to the composition of the new Board, the Directors, having acknowledged the previous appointment of Harry Jose as Director and the new Secretary/Treasurer and the appointment of Lewis Kurtz as a new Director, then accepted the resignation of James E. Shipley as Chairman, President and CEO and elected Michael P. Roth as the new Chairman, President and CEO.

Further actions included the relocation of the corporate offices temporarily to 5020 Campus Drive, Newport Beach, CA 9266. For more information about Bio-Clean International, Inc. please visit our website, http://www.biocleaninternational.com.

http://www.tradingmarkets.com/news/press-release/aclh_bocl_bcle_bio-clean-international-inc-bio-clean-international-inc-announces-latest-board-actions-810638.html