Bio-Solutions Closes on $5,000,000 Funding Commitment.HATTIESBURG, Miss. -- Michael William O'Gorman, M.B.A., J.D., Chairman and Chief Executive Officer of Bio-Solutions Manufacturing, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : BSLM BSLM Business Service Level Management - News) and Mr. Edward Bronson, Managing Director of Loinheart Ventures Partners, L.P., were pleased to announce that they have successfully completed their negotiations and mutually executed a commitment for five million dollars ($5,000,000) in funding. It is anticipated that the funding will be in place within 7 to 10 days. The investment capital will be used to complete several exciting acquisitions for which BSLM had previously executed Letters of Intent for and recently announced through its news releases. It has anticipated that once completed, these carefully negotiated acquisitions will add significantly to the existing revenue streams of BSLM and present exceptional projected annual growth. Additionally, the investment capital will be applied to and utilized for existing plant expansion and up-grades at BSLM's manufacturing facilities in Hattiesburg, Mississippi Hattiesburg is a city in Forrest County in Mississippi, a state of the United States of America. It is the principal city of the Hattiesburg, Mississippi Metropolitan Statistical Area which encompasses Forrest, Lamar and Perry counties. to meet anticipated expanding market share and increased franchisee product demand, nationwide. Bio-Solutions has developed superior microbiological products for waste 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. . Bio-Solutions currently services many municipal collection facilities and systems in addition to an ever increasing number of food service facilities throughout the nation. The company's diversified product line has been approved by an ever increasing number of municipalities for use in food service facilities (McDonalds, Wendy's, Popeye's, Fried Chicken, Outback Steakhouse, Burger King, KFC KFC Kentucky Fried Chicken (restaurant chain) KFC Kenya Flower Council KFC Kitchen Fresh Chicken (Kentucky Fried Chicken motto) KFC Kung Fu Cult (Cinema) KFC Kitchen Fixed Charge , Comfort Inns, Ramada ra·ma·da n. Southwestern U.S. 1. a. An open or semienclosed shelter roofed with brush or branches, designed especially to provide shade. b. An open porch or breezeway. 2. Inns, etc.) that product waste products that are introduced into the municipal collection system. Bio-Solutions products treat waste in an environmentally friendly and safe manner in compliance with Federal and State government standards. 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. for Forward-Looking Statements: Except for historical information contained herein, the statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. |
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