BioFiltration Systems Inc. Announces a Strategic Alliance With OTC Telecom, a Wireless Hardware Manufacturer and Issues Statement.Business Editors/Technology Writers SARASOTA, Fla.--(BUSINESS WIRE)--June 16, 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 formed a strategic alliance with OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Telecom a wireless hardware manufacturer. 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 on the strategic alliance: "...This strategic alliance between OTC Telecom and our technology group Beachaccess.net, will allow both companies to further develop and rollout a `Seamless Area Wireless Mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. (SWAMI)'. We will deliver to the public one of the first networks of this type. Although point-to-point wireless and point to multipoint wireless is already being employed throughout the country. The seamless roaming and high throughput speeds of SWAMI being achieved are not available anywhere at this cost point." Al Keyser further commented on the recent developments, stating: "BIFS has been and will continue to be committed to increasing shareholder value for our investors. In no way are we deviating from our original business model, we are only enhancing the operation of the overall company." Jay Knabb, CEO Beachaccess.net commented: "We are working very hard to become the leader in the wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 arena. This strategic alliance will afford us the opportunity to not only accelerate the rollout of our `SWAMI' Technology. It will allow us to control the costs, and further develop and refine the technology ahead of our competitors. The definition of SWAMI is Seamless Wireless Area Mobile Internet. This means we will be able to offer our customers mobile internet at 2mb which is greater than current T1 speeds. By obtaining speeds 100's of times faster than conventional internet, we will be eliminating the need for landlines or cables thus assuring our customers live 24 hour internet connections without the worry of being disconnected or getting a busy signal. By eliminating the telephone company we are taking back complete control of the internet, and offering our customers worry free access." Once the infrastructure is in place, we will then be able to offer bandwidths of 11 to 25Mbs for conventional point to point and point to multipoint, business to business connections. This will allow small business to network multiple remote locations to their home. What this means is the customers can retrieve files from an office computer while at home. The greatest part about this new technology is everyday we discover a new avenue of revenue for BIFS. This strategic alliance is a great opportunity for both companies, not only do we have direct access to the technology, but OTC Telecom, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , will have the opportunity to expand their presence in the service providers market. The testing of the new technology will begin ahead of schedule, and upon completion, we expect to immediately rollout the "SWAMI" network. Steve Viegas, OTC Telecom-Director of Sales And Marketing commented: "We are very pleased to be entering a business relationship with Beachaccess.net. Jay Knabb has proven himself to be a very forward thinking individual and I believe that our two companies can provide a solution that the market is looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. . I am impressed with how smoothly things have gone and I look forward to working with Beachaccess.net." 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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