COPENHAGEN, DENMARK--(Marketwire -03/08/12)- Bioflamex Corp. (OTC.BB: BFLX.OB - News) announced today that the company has been awarded appointment as exclusive Distributor covering the EU for the PurifyAir smoke escape hoods from CY Holdings, China.
The appointment consolidates the collaboration between the companies, and represents an important addition to Bioflamex Corp.'s product portfolio for international sales.
The PurifyAir smoke escape hoods have been developed by the Head of the fire protection export section of CY Holdings, Mr Robert Coleman. Through his dedication to innovation and quality, PurifyAir smoke escape hoods have become widely recognized and certified. The single-use smoke filters provide unique benefits at very competitive pricing. The filters provide 30-60 minutes of cleaned air and the flame protected hood material ensures face protection against fire.
Being ideal for both residents and corporate employees in multiple-storey buildings, mining personnel, forest fire fighters etc., this agreement will help Bioflamex Corp. to penetrate high interest business segments and supplement the company's ability to serve mutiple needs of the company's clients.
Bioflamex Corp. expects sales of PurifyAir to compose approximately 10% of total sales within the coming 5 years, amounting to $10 million; however sales potential could be "... substantially higher considering the size of the market Bioflamex Corp. will control," according to Mr. Kristian Schiorring, CEO, Bioflamex Corp.
About CY Holdings: The company is one of China's largest independent full-service fire services companies, providing extensive services to public fire services and private companies alike, with special emphasis on the mining industries.
About Bioflamex Corp. Bioflamex Corporation is a company focused on the development, production, and marketing of its proprietary "clean tech" and advanced high performance fire prevention and fighting products and systems.
With its global scope, Bioflamex Corp. primarily aims at penetrating its main market segments with its proprietary Bioflamex aerosols and Sentinel wildfire detection and prevention systems. The mission is to protect the environment while saving lives and property from fires. The Bioflamex Corp. products can enhance private households' ability to safely and efficiently fight and prevent home fires, and increase the ability to protect private and public property in forest fire prone areas with little of no contamination of the environment.
In a $100 billion fire safety and electronic security market, Bioflamex Corp. aims to become a leading "clean tech" niche player and generate a $100million+ turnover within the next 5 years.
FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.