NEW YORK, Aug. 14, 2012 /PRNewswire/ -- Ken Bland the CEO of Bioflamex, Corp. (OTCQB: BFLX) (the "Company") announced today the acquisition of Terra Asset Management, Inc. (or "TAM") a Delaware corporation based in BV Tulsa Oklahoma. TAM is a network asset management company with engineers and technicians specializing in multiple facets of the design, project management and buildout of wireless networks. TAM provides an array of services for some of the largest Telecommunication, Technology and Wireless companies in the US, including such companies as Alcatel-Lucent, SBA, Crowne Castle, and Verizon.
The transaction was in the form of a stock swap through a Triangular Merger (the "Transaction") between the Company, TAM and a wholly owned special purpose subsidiary established specifically for the Transaction. Terms and conditions of the Transaction were reported in the 8-K which was filed shortly after the acquisition.
Kenneth D. Bland the recently appointed CEO and President stated, "With the acquisition of TAM we are initiating our new strategic focus of Bioflamex into the Telecommunication market focusing on the connection of the underserved rural telecommunication markets, and enhancing the public safety communications in these areas".
Bland continued, "TAMS Management team has worked closely with companies building out the 4G wireless network across America and Bioflamex intends to leverage this experience during the implementation of its new business plan. Bioflamex intends to continue to support service to TAM's existing client base as well as plans for organic growth."
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 or 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 to generate a $100 million + 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.
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SOURCE Bioflamex Corp.