SOURCE: Bioflamex Corp.

Bioflamex Corp.

March 05, 2012 18:41 ET

Bioflamex Corp. Announces Significant Progress in Negotiations With Agents/Distributors Covering Major Asian Markets

COPENHAGEN, DENMARK--(Marketwire - Mar 5, 2012) - Bioflamex Corp. (OTCBB: BFLX) is pleased to announce that the Company has entered into the concluding stages of negotiations with a potential Agent for China, India and Pakistan.

These 3 markets in Asia have been targeted as significant growth markets for the company, especially for the Bioflamex aerosol extinguishers. The overall economy is growing in these countries, and in all markets the middle class is expanding rapidly.

As a result of this, the Management has invested time and energy in identifying a suitable agent for the countries in question. It is now clear that one company is especially well suited, due to its deep experience in the industry and strong decision-making networks in all 3 countries.

The plans for the Company contain sales objectives of around $10 million in sales in these 3 markets by the end of 2014. Bioflamex aerosol extinguishers, for first response against kitchen fires, hold tremendous potential in the 3 markets, given the nature of cooking traditions where much oil and fat is used. Frequent fires in private homes occur due to self-ignited oils and fats, and a safe, easy to use, and affordable extinguisher is a strong proposition to consumers.

Therefore having a strong partnership is key to success, and the current negotiations represent a significant step to achieve the Company's objectives for the region.

About Bioflamex Corp.: Bioflamex Corporation is a company focused on the development, production and marketing of its proprietary "clean tech" and advanced high performance fire prevention and fighting products and systems.

With its global scope, Bioflamex Corp. primarily aims at penetrating its main market segments with its proprietary Bioflamex aerosols and Sentinel wildfire detection and prevention systems.

The mission is to protect the environment while saving lives and property from fires. The Bioflamex Corp. products can enhance private households' ability to safely and efficiently fight and prevent home fires, and increase the ability to protect private and public property in forest fire prone areas with little to no contamination of the environment.

In a $100 billion fire safety and electronic security market, Bioflamex Corp. aims to become a leading "clean tech" niche player and to generate a $100 million + turnover within the next 5 years.

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

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