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BIOREM awarded three projects in China


//business-finance.news-articles.net/content/200 .. 7/28/biorem-awarded-three-projects-in-china.html
Published in Business and Finance on Tuesday, July 28th 2009 at 4:04 GMT, Last Modified on 2009-07-28 04:04:15 by Market Wire   Print publication without navigation


 GUELPH, ON, July 28 /CNW/ - BIOREM Inc. (TSXV:BRM) announced today the receipt of three new municipal orders from our China office. The three orders totaling CAD $450,000 were all for wastewater odor control systems located in different cities. Biorem has been marketing its new XLD media in China which offers significant footprint and performance advantages over other biological odor removal medias. Acceptance of this new technology has been rapid and positions Biorem for growth in this market. "These orders have taken us over our bookings target for the year in China," says Peter Bruijns, President and CEO. "We are pleased with the acceptance of our technologies in China and look forward to the continued success as our Chinese organization matures." It is anticipated that the revenue from these projects will be entirely recognized for accounting purposes in the 2009 fiscal year. About BIOREM Inc. BIOREM designs and manufactures air pollution control systems, including biofiltration and biotrickling systems that safely remove harmful contaminants such as Hydrogen Sulfide, Reduced Sulfur compounds, and VOC's from the air. Our systems are environmentally friendly, clean and sustainable all the while reducing greenhouse gas emissions. With more than 600 installed systems worldwide, continued extensive research efforts and over 15 years of experience, BIOREM not only offers state of the art technology based products but also peace of mind for municipalities and industrial companies and their surrounding communities. 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 "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. 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 
For further information: Ed Corbett, Chief Financial Officer, BIOREM Technologies Inc., [ ecorbett@biorem.biz ], Tel: (519) 767-9100 x275 

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