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Guelph, Ontario (August 3, 2011) – BIOREM Inc. (“Biorem” or “the Company”) (TSX-V: BRM) has recently obtained a series of three International orders totaling $2.5 Million in value. Orders were received from The City of Mexico for multiple installations for odor control in their municipal sewage collection system and for two projects in China. The Chinese orders include a turnkey system for collection and treatment of VOC emissions from a petrochemical facility and odor emissions from a municipal waste treatment plant.
“Our commitment to the development of International markets is having a positive impact on our bookings,” says Peter Bruijns, President and CEO of Biorem. “Asia and Latin America continue to provide Biorem with business opportunities in growing international economies and markets.”
At the Biorem board meeting on June 17, 2011, 52,000 stock options, in total, were awarded to the directors of the corporation. Also, on August 2, 2011, Biorem completed a private placement of 250,000 common shares at a per share price of $0.305. The funds from the private placement will be used for working capital purposes.
About BIOREM Inc.
Biorem is a leading clean technology company that designs, manufactures and distributes a comprehensive line of high-efficiency air emissions control systems used to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). With sales and manufacturing offices across the continent, a dedicated research facility, a worldwide sales representative network and over 700 installed systems worldwide, Biorem not only offers state-of-the-art technology-based products but also peace of mind for municipalities, industrial companies and their surrounding communities. Additional information on Biorem is available on our website at www.biorem.biz.
For further information, please contact:
Peter Bruijns, Chief Executive Officer
BIOREM Technologies Inc.
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Tel: (519) 767-9100
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains forward-looking statements based on current expectations. These forward-looking statements contain various risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Risks and uncertainties about the Company’s business are more fully discussed in the disclosure materials, financial statements and MD&A filed with the securities regulatory authorities in Canada on www.sedar.com
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