FORT LAUDERDALE, FL--(Marketwire -04/05/12)- BioPower Operations Corporation (OTCQB: BOPO.PK - News) (Pinksheets: BOPO.PK - News) today announced that the Company received notice from The Depository Trust Company "DTC" of the eligibility effective immediately of its common shares for electronic trading under the OTCQB trading symbol "BOPO."
BioPower Operations Corporation is a development stage company focused on growing biomass coupled with the production and sale of biomass products and byproducts. The senior management team has analyzed numerous biomass technologies and various market niche opportunities resulting in short term plans to produce and sell biomass oils coupled with the execution of two long-term licenses to grow unique trees and bamboo that can be converted into oils, biofuels, animal feed or electricity.
Robert Kohn, Chairman and CEO, stated, "We are elated to enter the public marketplace. Our S-1 registration statement was declared effective by the United States Securities and Exchange Commission on August 1, 2011. Our experienced team is in place and we have been working diligently on the initiatives outlined in our business plan. We plan to communicate frequently and consistently with the investment community to achieve complete transparency and disclosure as we build our business."
BioPower has an experienced management team, led by Robert Kohn, Chairman, CEO, CFO and Co-Founder. Previously, Mr. Kohn was co-founder of three start-up public companies with equity and debt raised exceeding $400 million. He was President of a subsidiary of NYSE, Exelon-"EXC" (www.exeloncorp.com) ranked as one of the largest electric utilities in the U.S., and President and founder of Entrade energy trading. Early in his career, Robert co-founded a waste to energy start-up, ORFA Corp. of America, which traded on National Market NMS NASDAQ. He was also Co-Founder and CEO of AssetTrade (www.Go-Dove.com), a world leader in its market and a public company on the London Exchange.
Dale Shepherd, President & COO of BioPower, has served in numerous executive roles, as COO, CFO and Finance Director including eighteen years in the General Electric Company primarily in the Plastics and the Gas Turbine business. Mr. Shepherd also served six years with Kawasaki Steel Corporation building their worldwide plastics interests as the VP of Business Development and was CFO of Rogers Corporation, an AMEX company (now trading on the NYSE). Additionally, Mr. Shepherd was VP Finance of North American Logistics with $500 Million in revenue. Mr. Shepherd acted as interim CFO and Managing Director for a business unit of Vertex Data Sciences Ltd (UK) a BPO company with $800 million in revenue. Dale has a strong background in new business development and M&A work having participated, completed and led acquisitions from $50,000 to $2.3 billion.
About BioPower Operations Corporation
BioPower Operations Corporation is a development stage company focused on growing biomass coupled with the production and sale of biomass products and byproducts. Biomass is a broad term that encompasses all plant and animal matter that can be used either as a source of energy or for its chemical components when converted into bio oils, biofuels, green electricity, animal feed and other valuable products.
The company's website can be viewed at www.biopowercorp.com
Forward-Looking Safe Harbor Statement:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of BioPower Operations Corporation, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. BioPower Operations Corporation undertakes no obligation to update or revise forward-looking statements to reflect changed.
- Robert Kohn
Constellation Asset Advisors, Inc.