SOURCE: Bio-Solutions Manufacturing, Inc.
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May 02, 2006 05:30 ET
$2.25 Million Funding Received by Bio-Solutions Manufacturing
HATTIESBURG, MS -- (MARKET WIRE) -- May 2, 2006 -- Bio-Solutions Manufacturing, Inc. (OTC BB: BSLM) (Frankfurt: B2T) announces the finalized agreement for straight
equity financing with T & T Capital of Switzerland. The financing was
done at $.50 per share with warrants at $1.00 per share. "T & T Capitol
has financed many companies in the US and Europe and is looking forward to
working with Bio-Solutions Manufacturing, a revolutionary bioremediation
and bio-diesel company," says Mr. Ivano Anglestri, T & T Capital's
President.
"We are very pleased to have T & T Capital as a business partner and we are
looking forward to the opportunities this venture will bring," says Mr.
David Bennett, President and CEO of Bio-Solutions Manufacturing. "This
funding gives us the ability to develop and market our biodiesel and
environmental products. In addition, the financing will allow BSLM to join
with the marketing arm of Bio-Solutions Franchise Corp. (BSFC), the
corporation that has the patented grease extractor technology which allows
us to produce bio-diesel."
About Bio-Solutions Manufacturing, Inc.
Bio-Solutions has developed superior microbiological products for waste
bioremediation. Bio-Solutions currently services many municipal collection
systems and a growing number of food service facilities in the United
States. The company's products have been approved by an ever-growing number
of municipalities for use in food service facilities that produce waste
products introduced into the municipal collection systems. Bio-Solutions'
products treat waste in an environmentally friendly and safe manner in
compliance with Federal and State government standards.
Bio-Solutions has developed a line of environmentally friendly cleaning
products that include all-purpose cleaner, carpet cleaner, concrete and
asphalt cleaner, and floor soap. With this line of products, it is enabling
Bio-Solutions to broaden its customer base to the residential areas as well
as the businesses and municipalities.
Bio-Solutions has acquired a unique patented grease extractor to be used in
conjunction with bioremediation solutions to extract desired oil and grease
to be converted into value-added product, such as biodiesel fuel.
Bio-Solutions has developed a line of soil amendment products and
procedures to target the amendment of poor soil due to fertilizer burnout
or soil compaction.
Safe Harbor for Forward-Looking Statements
Except for historical information contained herein, the statements in this
news release are forward-looking statements that involve risks and
uncertainties and are made pursuant to the safe harbor provisions of the
Private Securities Reform Act of 1995. Forward-looking statements involve
known and unknown risks and uncertainties, which may cause the Company's
actual results in the future periods to differ materially from forecasted
results.