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Bio-Clean International, Inc. to Receive Additional 1,000,000 Shares for Selling Name of "Bio Clean"

^{Published on 2009-10-29 05:25:18 - Market Wire}
 

HUNTINGTON BEACH, CA--(Marketwire - October 29, 2009) - Bio-Clean International, Inc. (PINKSHEETS: [ BCLE ]) ([ www.biocleaninternational.com ]) announced today the results of the further negotiations with Bio Clean Inc., regarding the non-binding letter of intent between the companies. In addition to the company's potential sale of its subsidiary, American Bio-Tech Cleaning, Inc., to BOCL, the company has also agreed to the potential sale of the rights to the name "Bio-Clean." As a result, the revised non-binding letter of intent now provides that Bio-Clean International, Inc., will receive an additional 1,000,000 shares of BOCL common stock for a total of 15,000,000 shares upon the closing. The current aggregate market price for 15,000,000 shares of BOCL is approximately $7,000,000. The shares will be held in the company's name on behalf of its stockholders, as of the closing date, potentially to be distributed as a dividend to such stockholders, if, when, and as such a distribution is permitted pursuant to all relevant corporate, securities, regulatory, and fiduciary requirements.

About Bio-Clean International, Inc.

Bio-Clean International, Inc. recognizes the problems facing our environment. Our exclusive, non-toxic, bio-remediation fluids provide an environmentally-safe solution. Our exclusive products and machines have been tested and shown to be in complete compliance with environment regulations, in other words, "Cleantech."

Our majority-owned subsidiary, American Bio-Tech Cleaning, Inc. (ABT), designs and manufactures customized parts and weapons washing/cleaning systems that are eco-friendly, using a water-based cleaning fluid integrated with a self-contained bio-remediation process. We also own a minority interest in American Bio-Clean Corporation (ABC) which markets and distributes our cleaning fluids and parts/weapons cleaning machines. ABC is a Service-Disabled Veteran-Owned Business (SDVOB) that is certified and meets the Federal-mandated 3% minority spending requirements. Similar mandated spending requirements adopted by most states vary from 3% to 20%. Additionally, many private sector companies have targeted goals for suppliers.

We also maintain a minority interest in Veterans Training Corporation (VTC) which is also a SDVOB business based in Southern California and provides a wide range of training programs for a variety of clients including the U.S. Department of Defense. In addition, VTC provides training programs for the private sector such as its OSHA safety-training programs for the construction industry.

View this release in video format: [ http://www.vodnewswire.com/vodnewswire/news/bioclean-20091029/ ]

For more information about Bio-Clean International, Inc. please visit our website, [ http://www.biocleaninternational.com ].