Bio-Safe Technologies Acquires JustPLANEParts.com; Company Completes Reverse Acquisition of JustPLANEParts.com.Business Editors MISSION VIEJO Mission Vi·e·jo A community of southern California southeast of Irvine. It is mainly residential. Population: 96,300. , Calif.--(BUSINESS WIRE)--Nov. 17, 2000 Bio-Safe Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BIOT) and JustPLANEParts.com, Inc. today announced the acquisition by Bio-Safe Technologies, Inc. of JustPLANEParts.com, Inc. The acquisition was completed effective August 31, 2000, as a stock-for-stock exchange between the two companies, with Bio-Safe Technologies, Inc. acquiring 100% of the capital stock of JustPLANEParts.com in exchange for issuing 6,000,000 common shares of BIOT to the principals of JustPLANEParts.com. Concurrent to the acquisition the following members were added to the board of directors: Mark Kaligian, and Ralph Johnson
Subsequent to the completion of the acquisition, Bio-Safe Technologies, Inc. anticipates a name change in the near future. Currently, the combined entities are trading on the over-the-counter bulletin board under the symbol "BIOT." About Bio-Safe Technologies, Inc. Bio-Safe Technologies, Inc. is a holding company, which has several Internet B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business sites in various stages of construction. These sites expect to launch soon and will provide e-commerce exchanges within the aircraft maintenance industry. The sites that Bio-Safe Technologies, Inc. owns are dedicated to different areas of this multifaceted mul·ti·fac·et·ed adj. Having many facets or aspects. See Synonyms at versatile. Adj. 1. multifaceted - having many aspects; "a many-sided subject"; "a multifaceted undertaking"; "multifarious interests"; "the multifarious industry. Specific information will be released, as these sites become ready to launch. The commercial aircraft maintenance industry is expected to have sales in excess of $300 Billion annually. This would include all facets related to maintenance of the worldwide fleet of commercial aircraft. Included in this release are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors. |
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