Business
Biorem Receives $2.5 Million of New International Business
GUELPH, ON, Aug. 3, 2011 /CNW/ - BIOREM Inc. ("Biorem" or "the Company") (TSXV: BRM) has rece...
About this update from Biorem Inc.
[{"type":"text","content":"\n\n\n\n\n\nGUELPH, ON, Aug. 3, 2011 /CNW/ - BIOREM Inc. (\"Biorem\" or \"the Company\")\n (TSXV: BRM) has recently obtained a series of three International\n orders totaling $2.5 Million in value. Orders were received from The\n City of Mexico for multiple installations for odor control in their\n municipal sewage collection system and for two projects in China. The\n Chinese orders include a turnkey system for collection and treatment of\n VOC emissions from a petrochemical facility and odor emissions from a\n municipal waste treatment plant.\n\n\n\"Our commitment to the development of International markets is having a\n positive impact on our bookings,\" says Peter Bruijns, President and CEO\n of Biorem. \"Asia and Latin America continue to provide Biorem with\n business opportunities in growing international economies and markets.\"\n\n\nAt the Biorem board meeting on June 17, 2011, 52,000 stock options, in\n total, were awarded to the directors of the corporation. Also, on\n August 2, 2011, Biorem completed a private placement of 250,000 common\n shares at a per share price of $0.305. The funds from the private\n placement will be used for working capital purposes.\n\n\nAbout BIOREM Inc. \nBiorem is a leading clean technology company that designs, manufactures\n and distributes a comprehensive line of high-efficiency air emissions\n control systems used to eliminate odors, volatile organic compounds\n (VOCs), and hazardous air pollutants (HAPs). With sales and\n manufacturing offices across the continent, a dedicated research\n facility, a worldwide sales representative network and over 700\n installed systems worldwide, Biorem not only offers state-of-the-art\n technology-based products but alsopeace of mind for municipalities,\n industrial companies and their surrounding communities. Additional\n information on Biorem is available on our website at www.biorem.biz.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\n\nForward-Looking Statements\nThis press release contains forward-looking statements based on current\n expectations. These forward-looking statements contain various risks\n and uncertainties that could cause actual results to differ materially\n fro...