Bio-Solutions Manufacturing, Inc. Acquired Bio-Extraction Services, Inc.
Bio-Extraction Services, Inc., within its franchise network, will collect the fats, oil, and grease (FOGs) extracted from its commercial cooking establishment customers, using the new technology of the BioExtractor.
20/07/06 Bio-Solutions Manufacturing, Inc. announced today that it has completed the acquisition of 100% of the outstanding equity interest of Bio-Extraction Services, Inc. from Bio Solutions Franchise Corp. (BSFC) for 10,000,000 shares of our common stock.
Bio-Extraction Services, Inc., within its franchise network, will collect the fats, oil, and grease (FOGs) extracted from its commercial cooking establishment customers, using the new technology of the BioExtractor. The BioExtractor is made of three compartments through which waste travels before reaching grease traps of commercial cooking establishments. The first compartment allows the grease to flow over the top into the second compartment while trapping sediment in a removable, cleanable tray. The second compartment, using patent pending technology, removes a majority of the FOGs that flow through the extractor. The third compartment gives opportunity for the introduction of microbial products to remediate any remaining FOGs that enter the grease trap, and later, the municipal collection system.
Peter Chapin, the inventor of the BioExtractor, will serve as Chief Executive Officer and President of Bio-Extraction Services, Inc.
