BioNeutral Group, Inc. Commences Shipment of its Ogiene-MTM Formulation to Mr. Mold LLC
2009-06-22 15:00:01 -
BioNeutral Group, Inc. : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. (“BioNeutral”) (OTCBB: BONU), a chemical technology-based Life Science company that intends to commercialize a combinational chemistry-based technology, announced today that it has commenced shipping its Ogiene-MTM formulation, pursuant to the letter of intent entered into on May 26, 2009 between BioNeutral and Mr.
Mold LLC : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. , a New Jersey based mold remediation company with operations throughout the northeast.
The Ogiene-MTM formulation removes the odor and stains caused by mold spores when these spores come in contact with water. Mold spores are found in most environments. They become activated with water and the resultant mold can spread quite quickly. The problem is prolific and affects many of the homes in the southern half of the country, especially when the temperature rises and the humidity is high. Ogiene-MTM is used in mold/mildew stain and order elimination to quickly alleviate these problems and rapidly breaks down into harmless substances making it a “Green” solution for the environment.
Thomas Re, Founder and CEO of Mr. Mold LLC said, “This is an exciting time for our company as it provides us an edge over our competitors by providing a ‘green’ solution to a potentially dangerous and costly problem of the spread of mold spores. We are looking forward to utilizing the Ogiene-MTM formulation as soon as possible on our jobsites as well as informing our customers of a safe alternative to the traditional toxic solutions that are currently in the marketplace.”
Stephen J. Browand, President and CEO of BioNeutral Group, Inc said, "Ogiene-MTM is a highly effective product and we intend to do a significant amount of business with Mr. Mold, their national affiliates and the customers they serve. We are proud of the attributes of our formulation being “green” and completely environmentally safe."
About BioNeutral Group, Inc.
Headquartered at the New Jersey Institute of Technology/EDC in Newark, New Jersey, BioNeutral Group, Inc. : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. , is a chemical technology-based Life Science company that intends to commercialize a combinational chemistry-based technology which can neutralize harmful environmental contaminants, toxins and dangerous micro-organisms including bacteria, viruses, mold, fungi and spores. The formulations, including Ygiene™ and Ogiene™, which are eco-friendly and include natural and common ingredients which are found in baby products and in every day foods. The Company has combined these widely-used compounds in highly specialized ways to create products that dramatically enhance disinfecting and cleaning results; products include BioNeutralizers and ChemoNeutralizers. BioNeutral’s proprietary platform technology has been proven effective in surface, water and airborne applications.
More information about the Company may be found at www.bioneutralgroup.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..
Forward-Looking Statements
BioNeutral routinely tests its formulations against those of its competitors. The results are published to let shareholders know how the Company's technology compares with known formulations in the market place. Any product claim for antimicrobial activity requires approval from the EPA or FDA, depending upon where and how the formulations are used. The EPA and FDA have not reviewed or confirmed the Company's data and findings. BioNeutral's antimicrobial formulations will be marketed under the brand name Ygiene™ and are not yet available for sale in the United States.
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. Additional information on risks and other factors that may affect the business and financial results of BioNeutral Group can be found in the filings of BioNeutral Group with the U.S. Securities and Exchange Commission.
BioNeutral Group Inc.Stephen J. Browand, President and CEO steve@bioneutralgroup.com : mailto:steve@bioneutralgroup.com orInvestor
RelationsCorporate Evolutions, Inc.Ph: 516-482-0155 info@corporateevolutions.com : mailto:info@corporateevolutions.com www.corporateevolutions.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..
