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COPENHAGEN, DENMARK -- (Marketwire) -- 04/05/12 -- Bioflamex Corp. (OTCBB: BFLX) is pleased to announce that it has closed a bridge financing agreement, which is scheduled to be funded this coming week.
This investment will enable continued pursuit of the goals set in the company's business plan, and will be injected into operational investments needed for business growth.
The agreement marks an important accomplishment, and is a product of the ongoing process to obtain immediate liquidity while ensuring long term investments to create a solid foundation for the company's continued development and growth.
The company is currently reviewing options for long term financing commitments.
As soon as the aforementioned bridge financing capital has been funded, company management will commence extensive traveling to consummate the collaboration agreements which have been drafted thus far.
In addition, Bioflamex is pleased to announce that the preparations for initial production of Bioflamex aerosols have been initiated to meet required stock purchases by agents and distributors, and possible trial purchases by key commercial customers.
About Bioflamex Corp. : Bioflamex Corporation is a company focused on the development, production and marketing of its proprietary "clean tech" and advanced high performance fire-prevention and -fighting products and systems.
With its global scope, Bioflamex Corp. primarily aims at penetrating its main market segments with its proprietary Bioflamex aerosols and Sentinel wildfire detection and prevention systems.
The mission is to protect the environments while saving lives and property from fires. The Bioflamex Corp. products can enhance private households' ability to safely and efficiently fight and prevent home fires, and increase the ability to protect private and public property in forest fire prone areas with little or no contamination of the environment.
In a $100 billion fire safety and electronic security market, Bioflamex Corp. aims to become a leading "clean tech" niche player and to generate a $100million + turnover within the next 5 years.
FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements. www.bioflamex.com
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Source: Bioflamex Corp.