BIOREM Technologies Inc.
TSX VENTURE : BRM

BIOREM Technologies Inc.

October 19, 2005 11:10 ET

Expansion Capital Partners Announces the Purchase of an Additional 200,000 Shares of BIOREM Inc.

SAN FRANCISCO, CALIFORNIA--(CCNMatthews - Oct. 19, 2005) - Clean Technology Fund II, LP ("Clean Technology"), through its General Partner, Expansion Capital Partners II, LLC, reported that it acquired 200,000 common shares of BIOREM Inc. (TSX VENTURE:BRM) ("BIOREM"), representing approximately 2.0% of the outstanding common shares of BIOREM. The common shares were acquired by way of a private agreement with an existing shareholder.

After the transaction, Clean Technology, along with its initial fund, Clean Technology Fund I, LP, owns 1,200,000 common shares of BIOREM, representing approximately 11.7% of the outstanding common shares of BIOREM.

Clean Technology owns the common shares for investment purposes. Clean Technology may, in the future, take such actions in respect of its holdings as it deems appropriate in light of the circumstances then existing, including the purchase of additional common shares of BIOREM or the sale of existing holdings, through privately negotiated transactions or through the open market.

Bernardo Llovera, a General Partner of Expansion Capital Partners II, LLC, will continue to serve on the board of BIOREM, where he has been a director since October 2004.

About Expansion Capital:

Expansion Capital Partners is a venture capital firm that invests in expansion-stage clean technology companies. The firm specializes in energy, advanced materials, water and wastewater and manufacturing efficiency. For more information, visit www.expansioncapital.com or contact Bernardo Llovera at bernardo@expansioncapital.com.

About BIOREM:

BIOREM® manufactures BIOSORBENS™ biofilter media and is a leading supplier of biofilters for air pollution control in municipal and industrial applications, including the recently acquired BIOCUBE® modular units. With over 400 installed systems and over a decade of experience, the company's biofilters are the technology of choice for odor control at Wastewater Treatment Plants across North America. www.biorem.biz.

For further information (including obtaining a copy of the early warning report filed as a result of this transaction), please contact:



Bernardo Llovera
(212) 786-7407
90 Park Avenue, Suite 1700
New York, New York
U.S.A. 10016



Contact Information

  • Expansion Capital Partners II, LLC
    Bernardo Llovera
    (212) 786-7407
    90 Park Avenue, Suite 1700
    New York, New York
    U.S.A. 10016