BFTI announces that negotiations have been put on hold with INR.SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Oct. 29, 1996--Bio Fluorescent Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BFTI BFTI Brownfields Tax Incentive ) (BFTI) Tuesday announced that it has ceased negotiations with INR INR In currencies, this is the abbreviation for the Indian Rupee. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , a Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography biotech company. It was determined by INR that under the policies of the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). the company would not be allowed to enter into a merger transaction for a period of one year following INR's amalgamation, which was completed less than 6 months ago. BFTI's management will monitor INR's progress and track its technology. BFTI's scientific advisors believe that INR's science has significant potential for successful AIDS treatment. Possible licensing of INR's patented mono-clonal antibody technology is included in BFTI's plans for an ongoing relationship with INR. BFTI continues to review various merger and acquisition opportunities and is aggressively pursuing this avenue of expansion. BFTI is proceeding with development of the multi-viral test system that is the basis for the company's technology. CONTACT: Bio Fluorescent Technologies Inc., Scottsdale George, 800/870-1233 |
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