Bioflamex Corp. Announces Significant Progress in Negotiations With General Agent Prospect Covering Markets of 260 Million In...
March 06 2012 - 4:10PM
Marketwired
Bioflamex Corp. (OTCBB: BFLX) is pleased to announce that the
Company Management has planned meetings in Malaysia to conclude
negotiations with a General Agent prospect covering Malaysia and
Indonesia.
"It has been a constructive process, and we feel comfortable
that we will now get an agreement in place for these 2 markets.
They are significant as they count a combined population of
approximately 260 million individuals," Mr Kristian Schiorring, CEO
of Bioflamex Corp., comments. "If all goes according to plan, same
Agent may also represent the company in Thailand and Vietnam in
2013/2014. That is approximately 150 million in incremental total
population. So our agreement will create a foothold to markets,
which may prove even larger than the EU for us over time."
The Company's conservative projections for Indonesia and
Malaysia show sales around 1,000,000 units by end of 2014,
generating estimated revenues in excess of $8 million. However
potential sales could be double that, depending on distribution
capabilities.
As in the case of most Asian markets, the cooking traditions in
Indonesia and Malaysia, where much oil and fat is used. compose a
highly potential market for Bioflamex aerosol extinguishers.
Frequent fires in private homes occur due to self-ignited oils and
fats, and a safe, easy to use and affordable extinguisher is a
strong proposition to consumers.
About Bioflamex Corp.: Bioflamex
Corporation is a company focused on the development, production and
marketing of its proprietary "clean tech" and advanced high
performance fire prevention and fighting products and systems.
With its global scope, Bioflamex Corp. primarily aims at
penetrating its main market segments with its proprietary Bioflamex
aerosols and Sentinel wildfire detection and prevention
systems.
The mission is to protect the environments while saving lives
and property from fires. The Bioflamex Corp. products can enhance
private households' ability to safely and efficiently fight and
prevent home fires, and increase the ability to protect private and
public property in forest fire prone areas with little or no
contamination of the environment.
In a $100 billion fire safety and electronic security market,
Bioflamex Corp. aims to become a leading "clean tech" niche player
and to generate a $100million + turnover within the next 5
years.
FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the
Private Securities Litigation Reform Act of 1995: Statements
relating to the company's business activities and other statements
in this press release are forward-looking statements within the
meaning of the Securities Litigation Reform Act of 1995. Such
statements are based on current expectations about the Company's
business. Words such as expects, anticipates, intends, plans,
believes, estimates and similar words and expressions are intended
to identify such forward-looking statements. These statements
involve risks that are difficult to evaluate. Actual results can
vary from descriptions herein due to many factors including changes
in metal prices and business conditions; changes in laws and
regulations; problems encountered in exploration and obtaining
permits; changes in the competitive environment; technological
advances; shortages of skilled workers, drill rigs and equipment;
the need for additional capital and other risks listed in the
Company's Securities and Exchange Commission filings under "risk
factors" and elsewhere. Forward-looking statements speak only as of
the date they were made. The Company does not undertake any
obligation to update forward-looking statements.
www.bioflamex.com
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Investor Relations contact: bflx@mscorpcommunications.com
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