BioFiltration Systems Inc. Announces First Three Contracts for SWOMI to Provide 2MB Internet Wireless Service.Business Editors/Technology Writers SARASOTA, Fla.--(BUSINESS WIRE)--July 25, 2000 BioFiltration Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BIFS BIFS Binary Format for Scenes BIFS Built-in Functions (Arithmetic) BIFS Biotechnology Information for Food Safety BIFS Backoff Inter-Frame Space ) announced today that its Technology group, Beachaccess.net, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of BioFiltration Systems, has entered into an agreement with 1,500 condominiums to provide high speed wireless services. This agreement represents the first signed contracts for installation and use of the SWOMI SWOMI Seamless Wireless Omnidirectional Mobile Internet (tm) system and will provide the residents of these condos with T1 level Internet access See how to access the Internet. from a totally wireless system. Al Keyser CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , BioFiltration Systems, commented, "I am pleased to see the rapid acceptance of the SWOMI(tm) technology by members of the business and residential community. Our company is looking forward to servicing their wireless needs for many years to come. I am personally very pleased that the high speed wireless Internet alternative made possible through SWOMI(tm) is seen as a viable alternative to providing high speed broadband wireless Internet support to large residential condominium complexes." Jay Knabb, CEO Beachaccess.net, commented, "this contract represents the first such agreement for the provision of the SWOMI(tm) wireless system here in South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. . In addition to our continuing efforts to expand and enhance the communications speeds and features of the SWOMI(tm) system, Beachaccess must also focus on the expansion of our company's sales and marketing capability in order to reach additional business customers. I believe that the creation of wireless telecommunications infrastructures (in targeted geographic regions) should be our main focus at this point, but I also feel that it is equally important to develop positive cash flows immediately through the sale of our SWOMI(tm) systems to large businesses and residential customers." Charles Corbett, owner of 500 of the condominiums stated, "I am delighted with the potential that the SWOMI(tm) systems holds for our customers by providing high speed wireless Internet access without the use of a telephones and modem. This approach holds down the costs of business to my company and makes communications far easier for my customers. To be able to offer T1 Internet access (without wires) for $40.00 per month to my customers here in Myrtle Beach, places us in a highly competitive position within our industry. The mere fact that our resident can carry their laptop from home to the beach, and surf the Internet while the kids play in the sand is unbelievable." 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 under 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: 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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