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Biorem Inc.
Board Membership Clarification
Published Oct 24 2008
4 min read

Board Membership Clarification

GUELPH, ON, Oct. 24 /CNW/ - BIOREM Inc. (TSXV: BRM) wishes to clarify that on May 6, 2008, the shareholders of Biorem Inc. ("Biorem") elected Mr. Steve Ardia as a director of the Corporation. While Mr. Ardia's position as a member of Biorem's advisory committee had previously been announced on March 1, 2007 and the Board's intention to nominate Mr. Ardia to the Board was set in the management information circular dated April 18, 2007, and his nomination to the Board was set out in the Circular dated March 24, 2008, the Company inadvertently failed to issue a press release with respect to his election as a director.

In a business career spanning over 35 years, Mr. Ardia was CEO of Goulds Pumps, a NYSE traded company, from 1985 to 1994, after serving the company in a variety of executive positions for over 20 years. He is currently Chairman of the Board of Earth Tool Company and a partner with Champlain Capital Partners, a private equity fund. Mr. Ardia holds an engineering degree from the United States Merchant Marine Academy and an MBA from Rutgers University.

About BIOREM Inc.

BIOREM manufactures Biosorbens(R) biofilter media and is a leading supplier of biofilters for air pollution control in municipal and industrial applications, including BIOCUBE(R) modular units and Mytilus(R) biotrickling filters. With over 500 installed systems and over a decade of experience, the Company's products are the technology of choice for odor control at wastewater treatment plants across North America. Additional information on BIOREM is also available at our web site at www.biorem.biz.

The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. The TSX
Venture Exchange Inc. has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved of the
contents of this release.

Forward-Looking Statements

This press release contains forward-looking statements based on current expectations. These forward-looking statements contain various risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Risks and uncertainties about the Company's business are more fully discussed in the disclosure materials, financial statements and MD&A filed with the securities regulatory authorities in Canada on www.sedar.com

Non-GAAP Measures

"EBITDA", "Order Bookings", and "Order Backlog" do not have any standardized meaning prescribed by Canadian generally accepted accounting principles ("GAAP") and may not be comparable to measures presented by other companies.

EBITDA is used to denote earnings (loss) from operations and represents earnings before interest, income taxes, depreciation and amortization. EBITDA should not be construed as a substitute for net income determined in accordance with GAAP. This measure is important to the Company since it is used by potential investors and lenders to evaluate the ongoing cash generating capability of the Company and thus the amounts they are willing to invest and lend to the Company.

Order Bookings and Order Backlog are non-GAAP measures that the Company uses to evaluate its sales performance. Order Bookings are those binding contracts that the Company enters into with a third party for the delivery of our products or services. As Order Bookings are received, the contract value (before any associated sales taxes) is included in the Order Backlog. The Order Backlog is reduced by the revenue that is recognized on each project.

%SEDAR: 00020304E