Bioponic International - BPON - Announces New MR3 Process Application for Recovery of Gold and Platinum-Group Metals.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Jan. 27, 2000 In response to requests from within the U.S. and Internationally, Bioponic International R& has developed a very efficient, continuous MR3 process application for the separation of individual metals from mixed metal extracts of gold and the highly valuable metals of the Platinum-metal group. Metals are separated in fully automated modular MR3 hardware designed and field tested by the Company. Higher purity of the separated metals should translate into higher profits from the processing of electronic scrap, production seconds, and other precious metal-containing materials. The International market for this industry is estimated to exceed $10 Billion annually. Bioponic has begun to evaluate several new business opportunities in the U.S., Japan and Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. for the utilization of its MR3 Technology to extract gold and other precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. from a variety of source materials Noun 1. source materials - publications from which information is obtained source - a document (or organization) from which information is obtained; "the reporter had two sources for the story" . As announced on January 18, 2000, the Company will spin-off its biotech subsidiary, Bioponic AGS AGS American Geriatrics Society. Inc., to shareholders of record at the close of business on January 31, 2000. Bioponic shareholders will receive one-half share of Bioponic AGS common stock for every one share owned in Bioponic International, as a stock dividend. The name of the parent company will then be changed to MR3 Systems Inc. The Company has retained Berg &Company, a San Francisco-based CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. firm, to complete its audited financial statements as part of the Form 10 to be filed with the SEC. Upon SEC approval, Bioponic will become a fully-reporting company and its shares will return for trading on the OTCBB OTCBB See OTC Bulletin Board (OTCBB). . Certain statements contained in this press release are forward-looking statements 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. within the meaning of federal securities laws. These forward-looking statements are based largely on the company's expectations and are subject to a number of risks and uncertainties, many of which are beyond the company's control. |
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