Bio-Warm Corp. Terminates $5 Million Equity Line of Credit Financing.LOS ANGELES -- Bio-Warm Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BOWC)(FWB (Fixed Wireless Broadband) See fixed wireless. :A0DN3T), a leading provider of patented innovative conductive textiles, announced today that it has terminated the $5 million equity line of credit financing with Brittany Capital Management Limited, a fund advised by Southridge Capital Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Bio-Warm Corp. President Johnny Park commented, "We believe it is in the best interest of the company and our shareholders to terminate this equity line of credit facility and utilize alternative financing methods to execute our business plan." About Bio-Warm Corp.: Bio-Warm Corp. is engaged in the research and development and production of electrical energy and environment-related products. The company holds several international and domestic patents and produces electric conductive textile heating panel, mat, wall paper, laminated floor paper, sauna, negative potential plate, negative ion plate, fomenting machine and noise-related products like acoustic absorbent, soundproofing Soundproofing is any means of reducing the intensity of sound with respect to a specified source and receptor. There are several basic approaches to reducing sound: increasing the distance between source and receiver, using noise barriers to block or absorb the energy of the sound materials, etc. that protect the environment and enhance people's life quality. URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.bwarm.net. Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion