Biogenerics Obtains Promising Results from Hydroslotting Program; Production Rates Expected within Approximately One Week.TORONTO, Ontario -- Biogenerics Limited (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : BIGN) is pleased to announce that on June 13 and 14, 2005, the Company's joint venture partner, Hydroslotter Corporation, completed its rework re·work tr.v. re·worked, re·work·ing, re·works 1. To work over again; revise. 2. To subject to a repeated or new process. n. of a target well in northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern utilizing its proprietary hydroslotting technology and has achieved promising results. "The power of the hydroslotting technology will be proven by results. We anxiously await preliminary production rates as the power of this technology is impacting the entire oil and gas industry," stated Gary Kelley, 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. . "In fact, on June 21st, Reuters reported that horizontal drilling can drain a well in two to three years, a much faster rate than the traditional five year rate of the 1990's. Biogenerics is addressing a huge need at hopefully incredible rates," Kelley concluded. Forward Looking Statements: This press release contains "forward-looking statements" within the meaning of the US 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. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. Information on the factors which could affect the Company's operations or financial results are included in the Company's reports on file with Canadian securities regulatory authorities and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities and Exchange Commission. Forward-looking statements are based on the estimates and opinions of the Company's management at the time the statements are made. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. |
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