BIFS Technologies Corporation Receives SEC Approval To Trade on Nasdaq OTC BB.Business Editors/Technology Writers BIFS BIFS Binary Format for Scenes BIFS Built-in Functions (Arithmetic) BIFS Biotechnology Information for Food Safety BIFS Backoff Inter-Frame Space Technologies Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BIFT BIFT Bangalore Islamic Foundation Trust (India) ) announced today that it has received notification from the U.S. Securities and Exchange Commission approving its application to become a fully reporting, publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , and has been granted approval for inclusion within the Nasdaq OTCBB. Chairman Al Keyser commented on the development by stating, "We are extremely proud, that after two years of intense scrutiny by the Securities and Exchange Commission we have been granted this approval. The inclusion of BIFS into the Nasdaq OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB is a major accomplishment of a primary goal that we established as a part of our business plan. The company has, over the past two years, made significant progress in developing its technologies, fostering planned business alliances, and refining its marketing and sales programs. We will continue to execute our business plan regarding the deployment of our biofiltration systems, management information systems, wireless broadband systems and our worldwide offset trade program." BIFS Technologies Corporation is a multifaceted company that specializes in the development and marketing of advanced technologies to support a variety of industrial and commercial enterprises. Its core business involves the bioremediation bi·o·re·me·di·a·tion n. The use of biological agents, such as bacteria or plants, to remove or neutralize contaminants, as in polluted soil or water. of environmental contaminates through the distribution and operation of its patented biofiltration systems, while subdivisions of the company provide a variety of technology based solutions to selective industries. These ancillary businesses include the delivery of high-speed wireless Internet services to commercial customers, the provision of multiple wireless last mile solutions to residential communities through the company's TV+ SWOMI SWOMI Seamless Wireless Omnidirectional Mobile Internet III broadband delivery system, and airport management. In addition, the Company has recently engaged in a worldwide offset trade program with defense contractors and other global partners through its VendorLynx Corp. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: The statements contained herein which are not historical are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward looking statements, including, but not limited to, the Company's ability to market its products and services and future customer acceptance for these products and services and other risks detailed from time to time in company documents furnished to investors. |
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