Bioflamex Corp. Increases Distribution Partnerships in the U.S.
2013-07-10 08:30 ET - News Release
COPENHAGEN, DENMARK -- (Marketwired) -- 07/10/13
Bioflamex Corp. (PINKSHEETS: BFLX).
The Management of BFLX is pleased to announce the signing of a MOU covering a distribution partnership for Texas and subsequently also California.
To further strengthen the focused efforts towards the Industrial and Professional industry segments, Bioflamex Corp. has a MOU with a privately owned company with strong links to the Oil and Gas industry, as well as private consumer distribution.
Initially, the main emphasis will be placed on sales and distribution in the state of Texas, utilizing the deep relationships that the new partner has developed in the Oil & Gas industry.
The main focus of activities will be on a product package proposition, well suited to meet the fire fighting needs of such enterprises. The package contains the combination of the IFEX impulse gun technology and the effective Bioflamex-Hartindo biological foam concentrates, and complementary smoke and fire protection masks.
The partners have agreed to pursue more ventures covering additional states and sectors, as well as possible additional long term operational funding, and the execution of those items will be carried out during Q3-Q4. Due to the ongoing work on possible financing groups, the partner has asked for discretion until a commitment from a financing group has been obtained.
Mr. Kristian Schiorring, CEO of Bioflamex Corp., stated, "It is a privilege to be able to work with this new partner and their unique network, and we are certain that the collective efforts will have a great impact on our business. We are planning the first projects and expect that to be noticeable in the Q4 financials of the company."
