BioFiltration Systems Inc. Becomes Fully Reporting Company.Business Editors SARASOTA, Fla.--(BUSINESS WIRE)--April 24, 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 ) (http://www.BioFiltrationsystems.com) announced that it has received notification that it is now a fully reporting company as of April 4th, 2000. 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. of BioFiltration Systems stated: "...We are very pleased with the progress of our application to be listed on the 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. . We are now waiting on the SEC's comment letter and feel confident the process will continue without delay. This puts us one step closer to our ultimate goal of becoming a NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on listed company. In response to overwhelming investor inquiries Mr. Keyser has also issued the following statement to the companies shareholders: "BioFiltration Systems has been in a long term developmental and negotiation stage and we have recently moved into a growth and revenue phase, this has created several opportunities for the company, however, BioFiltration Systems Inc. has no intention of changing our business objectives. Our recent acquisition of BeachAccess.Net was based on a technology and cash flow analysis and is operated as 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 Inc. We do participate in the day-to-day operations of that division and only consult and consent to the acquisitions they make. We are building long-term value based on a long-term business model, and we feel that the value is currently, and will continue to grow at an exponential rate but should not be looked at just for the short term prospects." BioFiltration Systems Inc. plans on revealing a newly formatted web site that will have all recent press releases and a place for investors to share comments regarding the company. About BioFiltration Systems Inc: BioFiltration Systems Inc. has a patented process to separate waste "by products" into useful resources such as methane gas and reuseable water. The patented process not only potentially saves their clients money but also has a very valuable positive impact on the environment. 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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