SOURCE: BioPharmetics, Inc.

September 04, 2007 08:30 ET

BioPharmetics (BPMT) Announces Closing of Acquisition of Azteq USA, Inc. and OC Solar Power

SUN VALLEY, CA--(Marketwire - September 4, 2007) - BioPharmetics, Inc. (PINKSHEETS: BPMT) announced today the Company finalized the acquisition of Azteq USA, Inc., including OC Solar Power technologies.

Azteq USA, Inc. is a Wyoming corporation and proprietor of OC Solar Power technology, and the Azteq family of motorsports divisions Azteq Motorsports Racing, and Azteq Design.

OC Solar Power is a licensed partner of Champ Car as well as Robby Gordon Motorsports and Dale Jarrett Racing Adventure (both of NASCAR fame). OC Solar Power designs and manufactures apparels, accessories and hard goods with integrated patented solar power technologies for charging low voltage devices including Apple iPods™ and other MP3 players, cell phones, laptop computers, gaming consoles and more.

The company issued the following statement, "After conducting our proper due diligence, we feel this is a strong company to bring into BioPharmetics, Inc. and we have finalized the acquisition. The company will announce further developments regarding this acquisition in the very near future."

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Safe Harbor

This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

Contact Information

  • Company Contacts:

    FutureTechIR for BioPharmetics
    Investor Relations
    (817) 812-2105
    (727) 417-9338

    Azteq USA, Inc.
    Gert Chalay
    P: (307) 637-0967
    F: (307) 632-3886