BioMag Obtains Initial Financing From International Investment Capital Corporation.ORANGEVALE, Calif. -- BioMag Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BMGC), announced today that it has completed a Private Placement in the amount of $350,000 with International Investment Capital Corporation. International Investment Capital Corporation ("IICC IICC Insurance Information Centre of Canada IICC Improved Information and Coordination Central ") is a privately owned company that was established in 2002 to facilitate securitizations of senior life settlement contracts. IICC has completed an initial round of financing in the amount of $350,000 at a $1.00 per share. Clayton M. Hardman, president and 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 Biomag Corp. holds a 90% ownership position in IICC. About BioMag Corporation BioMag Corporation, through its 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. , Biospectrum Technologies, Inc., a company that has designed and patented revolutionary diagnostic equipment and immunoassays, will identify market inadequacies and fill those needs with new technologies and highly specific and sensitive assays that are qualitative, (yes/no) and quantitative (viral load/degree of infection), easily performed and cost effective. For more information please visit: www.biomagcorp.com Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements. |
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