SOURCE: Spring Creek Capital Corporation

October 22, 2009 08:00 ET

Spring Creek Capital Corporation Announces Prototype of BioCube, Inc.'s Decontamination System

NEW YORK, NY--(Marketwire - October 22, 2009) - Spring Creek Capital Corporation (OTCBB: SCRK), a Nevada corporation, announced today that one of its portfolio companies, BioCube, Inc., has completed the initial phase of the development of an environmentally safe decontamination system, utilizing an aerosol-based delivery method of aqueous solution. The key result of this phase is availability of the prototype unit that will undergo significant testing by BioCube and independent laboratories.

BioCube anticipates having several of these prototype units available for tests and demonstrations within the next 45-90 days.

BioCube, Inc. a Nevada corporation, is collaborating with its Russian research partners to complete the development of the system, followed by commercial development and distribution of the system. The decontamination system already has demonstrated effective destruction of microbial and fungal cells, spores, and viruses.

BioCube will focus on the following target markets:

--  Healthcare (hospitals and nursing homes)
--  Travel (airplanes, cruise ships, mobile homes)
--  Mold remediation
--  Schools
--  Animal farming
--  Agriculture
    

BioCube believes that its decontamination technology holds significant promise as a long-term solution to a global problem, offering an effective method for rapid, inexpensive and environmentally safe remediation of facilities that may have been contaminated by pathogens.

Spring Creek Capital is a business development corporation (BDC) under the Investment Company Act of 1940 and focuses on portfolio investments in companies developing cutting edge solutions for the healthcare market.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that these forward-looking statements involve uncertainties and risks that could cause actual performance and results of operations to differ materially from those anticipated. These risks and uncertainties include issues related to the ability to: obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new ventures, as well as other factors set forth in Spring Creek Capital's most recently filed Form 10-K and Form 10-Q reports. The forward-looking statements contained herein represent the Company's judgment as of the date of this release and it cautions readers not to place undue reliance on such statements. Spring Creek Capital assumes no obligation to update the statements contained in this release.

Contact Information

  • Contact information:
    Kelly T. Hickel
    Chairman, Spring Creek Capital Corp.
    Telephone: 646.808.3095
    Email: Email Contact