Bio-Clean International, Inc. to Receive Additional 1,000,000 Shares for Selling Name of "Bio Clean"

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Thu Oct 29, 2009 8:00am EDT

  HUNTINGTON BEACH, CA, Oct 29 (MARKET WIRE) -- 
Bio-Clean International, Inc. (PINKSHEETS: BCLE)
(www.biocleaninternational.com) announced today the results of the
further negotiations with Bio Clean Inc., regarding the non-binding
letter of intent between the companies. In addition to the company's
potential sale of its subsidiary, American Bio-Tech Cleaning, Inc., to
BOCL, the company has also agreed to the potential sale of the rights to
the name "Bio-Clean." As a result, the revised non-binding letter of
intent now provides that Bio-Clean International, Inc., will receive an
additional 1,000,000 shares of BOCL common stock for a total of
15,000,000 shares upon the closing. The current aggregate market price
for 15,000,000 shares of BOCL is approximately $7,000,000. The shares
will be held in the company's name on behalf of its stockholders, as of
the closing date, potentially to be distributed as a dividend to such
stockholders, if, when, and as such a distribution is permitted pursuant
to all relevant corporate, securities, regulatory, and fiduciary
requirements.

    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. (ABT),
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.

    We also maintain a minority interest in Veterans Training Corporation
(VTC) which is also a SDVOB business based in Southern California and
provides a wide range of training programs for a variety of clients
including the U.S. Department of Defense. In addition, VTC provides
training programs for the private sector such as its OSHA safety-training
programs for the construction industry.

    View this release in video format:
http://www.vodnewswire.com/vodnewswire/news/bioclean-20091029/

    For more information about Bio-Clean International, Inc. please visit our
website, http://www.biocleaninternational.com.

    

Contact Person:
Tammy D. Dunn
COO
Tel: (714) 373-1990
Fax: (714) 373-1991
E-mail:  ir@biocleaninternational.com

Copyright 2009, Market Wire, All rights reserved.

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