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06/19/2008
Bio-Clean International, Inc. Announces Stock Split and New Trading Symbol - BCLE
COSTA MESA, California -- BUSINESS WIRE -- Bio-Clean International, Inc. (BCLE), announced today the Company has effectuated a 1-for-25 reverse stock split of the Company’s common stock. As a result of the split, the Company has a new trading symbol of BCLE.
In addition, the new CUSIP number for the Company’s common stock is 09057J200. The reverse stock split, new trading symbol and new CUSIP number will be effective as of the open of business on June 18, 2008.
James E. Shipley, President of Bio-Clean International, Inc., stated, “We believe that the reverse stock split will reflect in a better value attributable to our outstanding shares of common stock as well as provide a more orderly market for the trading of our stock.”
About Bio-Clean International, Inc.
Bio-Clean International, Inc. recognizes the problems facing our environment. Our exclusive, non-toxic, bio-remediation fluids provide an environmentally-safe solution. Our exclusive products and machines have been tested and shown to be in complete compliance with environment regulations, in other words, “Cleantech”.
Our majority-owned subsidiary, American Bio-Tech Cleaning, Inc.
(www.americanbioclean.com)
designs and manufactures customized parts and weapons washing/cleaning systems that are eco-friendly, using a water-based cleaning fluid integrated with a self-contained bio-remediation process.
We also own a minority interest in American Bio-Clean Corporation (ABC), which markets and distributes our cleaning fluids and parts/weapons cleaning machines. ABC is a Service Disabled Veteran Owned Business (SDVOB) that is certified and meets the Federal-mandated 3% minority spending requirements. Similar mandated spending requirements adopted by most states vary from 3% to 20%. Additionally, many private sector companies have targeted goals for suppliers.
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A number of statements referenced in this Release, and any other interviews that have been made, are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this actions may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions “may, “could,” or “might,” occur. Such statements reflect the current views of the company’s management with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful closing of acquisition transactions and their subsequent integration, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors described in the Company's filings with the Pink Sheets. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company does not undertake any responsibility to update the “forward-looking” statements contained in this news release.
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