SOURCE: Bio-Clean, Inc.

September 01, 2010 08:00 ET

Bio-Clean, Inc. Enters Into Letter of Intent to Acquire Assets of Biotec Foods

HUNTINGTON BEACH, CA--(Marketwire - September 1, 2010) - Bio-Clean, Inc. (OTCBB: BOCL) (www.boclbioclean.com) announced today that it has entered into a Letter of Intent to acquire certain assets, including patents, trademarks and worldwide merchandising rights, of Biotec Foods, a Huntington Beach, CA-based manufacturer of nutritional supplements (www.biotecfoods.com).

E.G. Marchi, President of Bio-Clean, Inc., stated, "Biotec Foods has been in business for 22 years and produces and markets a wide variety of natural nutritional supplements. Its focus is the development of enzyme-based products to counter Antioxidant enzyme deficiencies that can occur due to poor nutrition and the excess stresses of aging, pollution, surgery, radiation, overexertion, and illness. Biotec Foods products are sold through drug stores, health food stores and authorized resellers. In recent years, its annual sales have totaled in the seven figures."

The acquisition is subject to further due diligence by the parties and the negotiation of a definitive agreement. No further terms of the proposed transaction were announced.

About Bio-Clean, Inc.

The Bio-Clean markets consumer, commercial and industrial cleaners and restoration products that are aqueous blends of bio-degradable, heavy duty surfactants and live, naturally occurring microbes. These innovative products are the culmination of years of intensive research efforts, effectively combining nature with chemistry to produce safe and cost saving solutions to health and environmental concerns. Unlike other "green" cleaners, our products offer cost saving biological benefits, yet are competitively priced with conventional cleaners and degreasers.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with cleaning fluid and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • Contact Info:
    E.G. Marchi
    714-373-1930