SOURCE: Bioflamex Corp.

Bioflamex Corp.

March 06, 2012 16:10 ET

Bioflamex Corp. Announces Significant Progress in Negotiations With General Agent Prospect Covering Markets of 260 Million Inhabitants

COPENHAGEN, DENMARK--(Marketwire - Mar 6, 2012) - Bioflamex Corp. (OTCBB: BFLX) is pleased to announce that the Company Management has planned meetings in Malaysia to conclude negotiations with a General Agent prospect covering Malaysia and Indonesia.

"It has been a constructive process, and we feel comfortable that we will now get an agreement in place for these 2 markets. They are significant as they count a combined population of approximately 260 million individuals," Mr Kristian Schiorring, CEO of Bioflamex Corp., comments. "If all goes according to plan, same Agent may also represent the company in Thailand and Vietnam in 2013/2014. That is approximately 150 million in incremental total population. So our agreement will create a foothold to markets, which may prove even larger than the EU for us over time."

The Company's conservative projections for Indonesia and Malaysia show sales around 1,000,000 units by end of 2014, generating estimated revenues in excess of $8 million. However potential sales could be double that, depending on distribution capabilities.

As in the case of most Asian markets, the cooking traditions in Indonesia and Malaysia, where much oil and fat is used. compose a highly potential market for Bioflamex aerosol extinguishers. 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.

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 environments 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 or 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 $100million + 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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