RANCHO SANTA MARGARITA, Calif., June 26, 2012 /PRNewswire/ -- Bio-Clean International, Inc. (OTC Pink Sheets: BCLE) is pleased to announce the Company has entered into a Joint Venture agreement with Kyrgyz Alumina Inc., a Nevada Corporation.
Under this agreement, the two corporations will form a new limited liability corporation which will seek to acquire mining interests, ore and mineral concessions in Eastern Europe and the United States. Several sites and assets have already been identified and targeted, and the newly formed corporation, which will be 40% owned by BCLE, hopes to have an agreement in place for an acquisition of rights to major aluminum concessions and operations though Kyrgyz Alumina over the next 30 days. Following that, the company will seek funding through a private placement of its securities.
Mike Roth, President of Bio-Clean International, stated: "This is a great opportunity to expand Bio-Clean's horizons and open up what we anticipate may be a very valuable revenue stream for the Company."
About Bio-Clean International, Inc.
Bio-Clean International is a developer of environmentally safe cleaning products and bio-remediation fluids designed for a variety of uses. For more information on Bio-Clean International, Inc., visit: http://www.biocleaninternational.com.
About Kyrgyz Alumina Inc.:
Kyrgyz Alumina Inc. is a newly formed corporation whose purpose is to acquire ownership of aluminum concessions in the Republic of Kyrgyzstan, a former part of the Soviet Union that has extensive mineral resources including strategic ores such as aluminum and gold. Kyrgyz Alumina will contribute the rights to these concessions to the joint venture with Bio-Clean International, Inc.
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Safe Harbor Act:
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE Bio-Clean International, Inc.