Bio-Clean International, Inc.
Bio-Clean International, Inc.
Stock Symbol:
BCLE
5412 Bolsa Avenue, Suite D,
Huntington Beach, California 92649
Phone: (714) 373 - 1990
Fax: (714) 373 - 1991
E-mail:
info@biocleaninternational.com
Bio-Clean International
Clients Include:
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November 3, 2009 -- Huntington Beach, California -- MARKETWIRE
Bio-Clean International, Inc. (Stock Symbol:
BCLE)
announced today that, through its newly established subsidiary,
Bio-Clean Energy, Inc., it has entered into a Letter of Intent to acquire all of the capital stock of Nipatech Energy, Inc.,
a California-based company, which is involved in the development of ethanol production facilities in the Philippines.
James E. Shipley, President of Bio-Clean International, stated,
"We are excited about this new opportunity. It takes Bio-Clean into a new realm of eco-friendly business opportunities and we expect it to bring significant revenues to the company. "
About Nipatech Energy:
Nipatech Energy, Inc. is currently a unit of Nipatech, Inc., a Nevada corporation, that holds a controlling interest in Nipatech Energy, Inc., a Zamboanga, Philippines-based Corporation, which designs and manufactures specialized, ethanol production equipment and also utilizes it for its own production of ethanol for sale in the Philippines. Nipatech Energy of California currently provides sales and marketing services under a license agreement with the Philippine-based Nipatech Energy Inc. Nipatech Energy, Inc., the California corporation being acquired by Bio-Clean Energy, will continue to do so when, following closing of the transaction, it becomes owned by Bio-Clean Energy Inc., the new subsidiary of Bio-Clean International.
The Nipatech method and equipment for ethanol production systems is unique in that it enables local farmers to process both finished goods and waste products into ethanol at a lower cost per unit than previously possible.
The ethanol is then denatured with gasoline and sold to refineries which use it to produce a gasoline-ethanol fuel similar to the E-85 fuel widely used in motor vehicles in the United States. In addition, such producing farmers involved in ethanol production may be entitled to special tax exemptions and rebates on all of their agricultural production. This unique approach creates community-based entrepreneurs and provides a low-cost, eco-friendly fuel which, in turn, provides global environmental benefits.
Forward-Looking Statements: 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.
Bio Fuels
Feed Stock
Ethanol Production Tanks
Ethanol Production Tanks