announced that it has entered into a Letter of Intent to acquire certain assets, including patents, trademarks and worldwide merchandising rights, of Biotec Foods, a Huntington Beach, CA-based manufacturer of nutritional supplements (www.biotecfoods.com).
E.G. Marchi, President of Bio-Clean, Inc., stated, "Biotec Foods has been in business for 22 years and produces and markets a wide variety of natural nutritional supplements. Its focus is the development of enzyme-based products to counter Antioxidant enzyme deficiencies that can occur due to poor nutrition and the excess stresses of aging, pollution, surgery, radiation, overexertion, and illness. Biotec Foods products are sold through drug stores, health food stores and authorized resellers. In recent years, its annual sales have totaled in the seven figures."
The acquisition is subject to further due diligence by the parties and the negotiation of a definitive agreement. No further terms of the proposed transaction were announced.
About Bio-Clean, Inc.
The Bio-Clean markets consumer, commercial and industrial cleaners and restoration products that are aqueous blends of bio-degradable, heavy duty surfactants and live, naturally occurring microbes. These innovative products are the culmination of years of intensive research efforts, effectively combining nature with chemistry to produce safe and cost saving solutions to health and environmental concerns. Unlike other "green" cleaners, our products offer cost saving biological benefits, yet are competitively priced with conventional cleaners and degreasers.