Bio-Clean International, Inc. Announces Stock Split and New Trading Symbol - BCLE
Bio-Clean International, Inc. Announces Stock Split and New Trading Symbol -
BCLE
COSTA MESA, Calif., June 17 /PRNewswire-FirstCall/ -- Bio-Clean
International, Inc. (Pink Sheets: BCLN), 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.PK. 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. (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 Federally-
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.
For more information about Bio-Clean International, Inc. please visit our
website, http://www.bio-cleanintl.com.
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.
Contact: Tammy D. Dunn
Investor Relations
(714) 389-7812
ir@Bio-Cleanintl.com
SOURCE Bio-Clean International, Inc.
Tammy D. Dunn, Investor Relations of Bio-Clean International, Inc.,
+1-714-389-7812, ir@Bio-Cleanintl.com
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