Biomagnetics Enters Acquisition-Related Quiet Period
05 Outubro 2010 - 10:00AM
Business Wire
Biomagnetics Diagnostics Corp., (PINK SHEETS:BMGP - News) a
developer of revolutionary diagnostic systems and technology for
HIV, hepatitis, tuberculosis and malaria detection, and other
innovative technologies, today informed its investors that the
Company has significant news pending that it intents to announce
over the coming weeks relative to its planned Chinese technology
and product acquisitions. In the interest of treating all
shareholders fairly and in an effort to ensure full compliance with
State and Federal securities regulations, the Company has decided
to institute a self-imposed quiet period until full public
disclosure can be disseminated.
“Our recent extended trip to China was very fruitful and the
opportunities for our Company are very exciting. Many of our
investors have been asking for an update on our pending
acquisitions and other contract negotiations,” commented Clayton
Hardman, CEO of Biomagnetics. “As we have previously announced, we
are working to enter both the biodegradable PVA plastic film and
bio-fuel markets. Both of these markets are growing rapidly in
China and we believe the companies we plan to acquire will become
major players. Additionally, other important opportunities relating
to these acquisitions have been made available to the Company. We
are in final negotiations relative to these opportunities and plan
to inform our investors on specific details, as they unfold over
the coming weeks. We are confident our upcoming actions will
maximize the value of our shares for all shareholders.”
About Biomagnetics Diagnostics Corp.
Biomagnetics Diagnostics Corporation is an advanced medical
device, biotechnology company and other innovative technologies.
The Company is currently developing a waveguide-based advanced
integrated optical biosensor through its cooperative research and
development agreement with Los Alamos National Security, LLC, which
will initially be used for cholera, tuberculosis and malaria
diagnosis. More information on Biomagnetics Diagnostics Corp. can
be seen at www.biomagneticsbmpg.com.
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