Bioflamex Corp. Finalizes Purchase of Raw Materials for Production
10 minutes ago - Marketwire via Comtex
Bioflamex Corp. (OTCBB: BFLX) is pleased to announce that it has finalized the purchase of raw materials intended for production of Bioflamex aerosol extinguishers.
This purchase follows the closing of bridge financing, and enables the Company to create sufficient stock to meet demand for basic stock and trial purchases by the agents and distributors, once these agreements have been completed.
"We are now in the process of planning our travel itinerary, to meet our Asian partner prospects and hopefully finalize the agent and distributions agreements we have been working on for the past months," Mr Kristian Schiorring, CEO of Bioflamex Corp. remarks. "As keeping stock is an integral part of our agent and distributor agreements, necessary to conduct presentations and meet trial purchases by clients, we find it highly relevant to acquire the raw materials that will enable us to keep sufficient stock ourselves to supply quickly to markets. We are in close dialogue with our production partners, to get production planning in place before we travel to Asia."
For competitive reasons the Company declines to comment specifically on volumes and value, but have been informed that the amount of raw materials in the Company's possession amounts to production of more than 50,000 units.
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
Investor Relations contact:
Bioflamex Corp.
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SOURCE: Bioflamex Corp.
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