BIOREM Technologies Inc.
TSX VENTURE : BRM

BIOREM Technologies Inc.

May 15, 2006 14:00 ET

BIOREM Grants Options to Purchase Common Shares

GUELPH, ONTARIO--(CCNMatthews - May 15, 2006) -

NOT FOR U.S. DISTRIBUTION

BIOREM Inc. (TSX VENTURE:BRM) announces that it has granted options to purchase a total of 52,000 common shares to its directors in accordance with its stock option plan. The options were granted at an exercise price of $2.50 per share and have an expiry date of five years ending May 15, 2011.

BIOREM® manufactures BIOSORBENS™ biofilter media and is a leading supplier of biofilters for air pollution control in municipal and industrial applications, including the recently acquired BIOCUBE® modular units. With over 400 installed systems and over a decade of experience, the Company's biofilters are the technology of choice for odor control at Wastewater Treatment Plants across North America. www.biorem.biz

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this release.

Forward-Looking Statements

All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the future plans and objectives of Biorem Inc. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • BIOREM Inc.
    Greg Flanagan
    Chief Financial Officer
    (519) 767-9100 x275
    ir@biorem.biz