Bio-Clean International, Inc. Enters into Letter of Intent to Sell Subsidiary
24 October 2009 - 7:00AM
Business Wire
Bio-Clean International, Inc. (Pink Sheets: BCLE)
(www.bio-cleanintl.com) announced today that it has entered into a
Letter of Intent with Bio-Clean, Inc. (OTCBB: BOCL) to sell its
subsidiary, American Bio-Tech Cleaning, Inc., to Bio-Clean, Inc. No
other terms of the transaction were disclosed.
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.
For more information about Bio-Clean International, Inc. please
visit our website, http://www.biocleaninternational.com
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