Bio-Clean International, Inc. Remains in Negotiations to Sell Subsidiary.
HUNTINGTON BEACH, Calif. -- Bio-Clean International, Inc. (Pink Sheets: BCLE BCLE Bureau de Cooperation Linguistique et Educative
BCLE Breast Carcinomas of Limited Extent ) (www.bio-cleanintl.com) announced today that it remains in ongoing negotiations with Bio-Clean, Inc. (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). : BOCL BOCL By-Others Control Log ) regarding certain of the economic terms of the potential transaction that the company announced on Friday, October 23, 2009. That potential transaction would result from the announced non-binding Letter of Intent, in which the company disclosed its intention to sell its subsidiary, American Bio-Tech Cleaning, Inc., to BOCL. BOCL is not otherwise affiliated with the company, but sells the company's cleaning products under a distribution agreement. Further, the company cannot confirm that the 14M share figure disclosed by BOCL in its press release of today is accurate and has so advised BOCL.
About Bio-Clean International, Inc.
Bio-Clean International, Inc. recognizes the problems facing our environment. Our exclusive, non-toxic, bio-remediation fluids provide an environmentally-safe solution. Our exclusive products and machines have been tested and shown to be in complete compliance with environment regulations, in other words Adv. 1. in other words - otherwise stated; "in other words, we are broke"
put differently , "Cleantech".
Our majority-owned subsidiary, American Bio-Tech Cleaning, Inc. (ABT), designs and manufactures customized parts and weapons washing/cleaning systems that are eco-friendly, using a water-based cleaning fluid integrated with a self-contained bio-remediation process. We also own a minority interest in American Bio-Clean Corporation (ABC ABC
in full American Broadcasting Co.
Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. ) which markets and distributes our cleaning fluids and parts/weapons cleaning machines. ABC is a Service-Disabled Veteran-Owned Business (SDVOB SDVOB Service Disabled Veteran Owned Business ) that is certified and meets the Federal-mandated 3% minority spending requirements. Similar mandated spending requirements adopted by most states vary from 3% to 20%. Additionally, many private sector companies have targeted goals for suppliers.
We also maintain a minority interest in Veterans Training Corporation (VTC) which is also a SDVOB business based in Southern California and provides a wide range of training programs for a variety of clients including the U.S. Department of Defense. In addition, VTC provides training programs for the private sector such as its OSHA OSHA
Occupational Safety and Health Administration, a branch of the US Department of Labor responsible for establishing and enforcing safety and health standards in the workplace. safety-training programs for the construction industry.
For more information about Bio-Clean International, Inc. please visit our website, http://www.biocleaninternational.com.