Published:
Bio-Solutions Manufacturing, Inc. Looks Forward to Bio-Diesel Venture
Bio-Solutions Manufacturing, Inc.
(OTCBB: BSLM) (Frankfurt: B2T.F)
today announced its commencement of its new bio-diesel venture by combining
the recently acquired Bio-Extraction Services, Inc., (provider of the
technology for extracting oil and grease from food service facilities'
grease traps (interceptors) and municipal collection systems), with the
proposed acquisition of Bioremediation Services, Inc.
and its growing network of franchisees.
Franchisees' earnings in the past have been derived from services they
provided to food service facilities for treatment of grease traps and drain
lines and municipal sewer mains, lift stations, and treatment plants.
The oil and grease waste derived from the commercial cooking establishments
is divided into two categories:
yellow and brown grease. There is typically twice as much brown grease per
restaurant as yellow grease, and
BSLM technology can handle both types.
It is intended that all existing franchisees will be required to upgrade
their franchise agreement in order to participate in the Bio-Extractor
program. With the addition of the Bio-Extractor, each grease trap and lift
station can become a small individual oil well, with the potential to
increase revenue to the franchisee and the Corporation with relatively
little add-on costs. Bio Solutions intends to revamp its franchise
agreement for all new franchisees allowing them to participate in this new
bio-diesel feed stock extraction venture and this represents a significant
potential increase in revenues for both Bio Solutions and its network of
franchisees.
According to Michael Silverman, President of Bioremediation Services, Inc.,
"This represents a major opportunity for Bio Solutions -- one that we
believe can increase corporate and franchise revenues. The BioExtractor
opens the door for franchisees to own and operate their own individual oil
wells, extracting the oils and grease from food service facilities and
municipal treatment facilities that can be used to produce bio-diesel and
other value-added products. This is a great opportunity and I look forward
to the expansion of our company in this field."
According to U.S. government statistics, the combined potential in the
United States for bio-diesel production is in excess of 1,650,000,000 (1.65
billion) gallons per year and growing rapidly. This production is
potentially of major significance in accordance with President Bush's plan
to combat high gas prices. Bio-Solutions believes it can produce
bio-diesel for less than $1.00 per gallon and is also entitled to receive
a .50 per gallon tax credit for the refiner, according to President Bush's
Four Part Plan Program. See fact sheet at
www.whitehouse.gov/news/releases/2006/04/20060425-2.html. BSLM, with its
technology for extracting oil and grease (feed stock for bio-diesel), is
seeking to become a major player in this industry. David S. Bennett,
President and CEO of BSLM, states: "Our corporation is striving to fulfill
its mission to help combat the destructive agents that pollute and harm our
environment, in addition to helping America lower its dependence on foreign
oil."
Bio Solutions corporate office anticipates hosting a major training session
for new franchisees and recruits in September 2006.
About Bio Solutions Manufacturing, Inc.:
Bio Solutions has developed superior microbiological products for waste
bioremediation. Bio Solutions currently services many municipal collection
systems and a growing number of food service facilities in the United
States. The company's products have been approved by an ever-growing number
of municipalities for use in food service facilities that produce waste
products introduced into the municipal collection systems. Bio-Solutions'
products treat waste in an environmentally friendly and safe manner in
compliance with Federal and State government standards.
Bio Solutions has also developed a line of environmentally friendly
cleaning products that include an all purpose cleaner, carpet cleaners,
concrete and asphalt cleaners, and floor soaps. With these lines of
products, it is enabling Bio Solutions to broaden its customer base to
residential areas as well as to businesses and municipalities.
Bio Solutions has acquired a unique patented grease extractor to be used in
conjunction with bioremediation solutions to extract desired oil and grease
to be converted into value-added products.
Safe Harbor for Forward-Looking Statements:
Except for historical information contained herein, the statements in this
news release are forward-looking statements that involve risks and
uncertainties and are made pursuant to the safe harbor provisions of the
Private Securities Reform Act of 1995. Forward-looking statements involve
known and unknown risks and uncertainties, which may cause the Company's
actual results in the future periods to differ materially from forecasted
results.
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