BioExx Specialty Proteins Ltd.
TSX VENTURE : BXI

BioExx Specialty Proteins Ltd.

January 20, 2010 07:00 ET

BioExx Receives Final Approval to Commence Trading on TSX

TORONTO, ONTARIO--(Marketwire - Jan. 20, 2010) - BioExx Specialty Proteins Ltd. (TSX VENTURE:BXI) ("BioExx" or "the Company") is pleased to announce that it has completed all prerequisite filings pursuant to its conditional Toronto Stock Exchange ("TSX") listing approval announced on January 11, 2010. Final approval has been received from the TSX and the Company's common shares are scheduled to commence trading on the TSX at the opening of the market on Friday, January 22, 2010. The common shares of the Company will continue to trade under its present symbol "BXI".

"The graduation to the TSX represents a significant milestone in the development of our company and we would like to thank all of our shareholders and supporters for their continued trust and confidence in our efforts," said BioExx CEO, Chris Carl.

About BioExx Specialty Proteins Ltd.

Headquartered in Toronto, Canada, BioExx is a leading technology and industrial processing company focused on the extraction of oil and high-value proteins from oilseeds for the global food, beverage, and nutrition markets. 

BioExx uses patented technology that utilizes significantly lower temperatures than conventional methods for extracting the final quantities of oil necessary to enable its simplified and patent-pending methods for separating proteins from oilseeds. Without the extraction of virtually all of the oil at low temperatures, and in the manner developed by BioExx, the protein separation methods would not work. It is the combination of these proprietary processes that has enabled BioExx to develop product profiles that do not infringe either on methods or product profiles developed by others. Through its extensive research and development work, together with an exhaustive review of published and prior art, BioExx is confident that all of its processes and resulting products are unique in the marketplace. 

Relative to other commercial processes, the low temperature BioExx process results in comparatively low energy requirements, environmentally sound extraction and protein separation processes, and very high human food yield that cumulatively have the potential to make a highly valuable contribution to global food and protein supply while maintaining an excellent environmentally sustainable footprint. 

BioExx operates a commercial scale extraction facility in Saskatoon, Saskatchewan, is in development stages on it second plant in Minot, North Dakota and has a mission to construct additional and larger processing facilities on a global basis. To find out more about BioExx Specialty Proteins Ltd. (TSX VENTURE:BXI), please visit www.bioexx.com.

The statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the economy, generally, competition in its target markets, the demand for BioExx's products, the availability of funding, the efficacy of its technology, and the anticipated costs of BioExx's plant construction and operation. These forward-looking statements are made as of the date hereof and BioExx does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from BioExx's expectations and projections.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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