SOURCE: BioCube, Inc.

May 12, 2011 12:37 ET

BioCube, Inc. Provides Corporate Update

NEW YORK, NY--(Marketwire - May 12, 2011) - BioCube, Inc. (OTCQB: BICB) (PINKSHEETS: BICB), a "Life Sciences" company that specializes in advancing the use of electro-chemical activation (ECA) technology in today's commercial markets, provides the following interim update on its activities:

  • Name change from Alliance Networks Communications Holdings, Inc. to BioCube Inc. has been completed.
  • All development activities in the field of communication and protection devices have been discontinued.
  • The sole focus of the Company will be aerosol-generating systems using electro-chemically activated solutions.
  • Corporate website is in the final stages of development and will go live within next 7-10 days.
  • Cooperation with its research development partners is being extended to cover additional products.
  • Targeted marketplace, both domestic and international has been set.
  • Product development scope and priorities have been finalized.

As previously announced by BioCube, Inc., it is collaborating with Battelle Memorial Institute (Battelle), the operator of U.S. Department of Energy's Pacific Northwest National Laboratory (PNNL) and its Russian research partner, Institute of Highly Pure Elements in St. Petersburg Russia to complete the development of an environmentally safe decontamination system modeled after research conducted at PNNL. The system developed at PNNL has demonstrated effective handling of microbial and fungal cells, spores, and viruses that are the core of such infections as MRSA infection, Avian Flu, Swine Flu and common molds.

About BioCube, Inc.

BioCube Inc. is a "Life Sciences" company that specializes in advancing the use of electro-chemical activation (ECA) technology in today's commercial markets. BioCube seeks to improve the safety and well being of its customers by providing a sanitary workspace, and believes its product achieves this goal by resolving the pressing need for a viable solution that can categorically sterilize hard to clean microbial environments, and do it in the most environmentally conscious way possible. BioCube is concerned with the environmental future of our planet. For that reason, the Company is focused on developing products that do not rely on harsh chemicals to be effective in its applications and by doing so have positive impact on the environment and help preserve existing natural resources. In a competitive global marketplace, BioCube plans to offer highly effective, simple to use system, with a seemingly never-ending number of commercial applications. These solutions can be used in a variety of applications, from destroying microorganisms, to neutralizing chemical agents, to cleaning and degreasing surfaces or even purifying water, and can be applied in liquid, aerosol or frozen forms.

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 BioCube Inc. 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. BioCube, Inc. assumes no obligation to update the statements contained in this release.

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