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Bio-Clean International to Receive Additional 1,000,000 Shares for Selling the Name “Bio Clean”

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HUNTINGTON BEACH, CA -- (MarketWire) October 29, 2009-- Bio-Clean International, Inc. (Pink Sheets: BCLE) announced today the results of the further negotiations with Bio Clean Inc. (BOCL.OB), regarding the non-binding letter of intent between the companies. In addition to the company’s potential sale of its subsidiary, American Bio-Tech Cleaning, Inc., to BOCL, the company has also agreed to the potential sale of the rights to the name “Bio-Clean.” As a result, the revised non-binding letter of intent now provides that Bio-Clean International, Inc. will receive an additional 1,000,000 shares of BOCL common stock for a total of 15,000,000 shares upon the closing. The current aggregate market price for 15,000,000 shares of BOCL is approximately $7,000,000. The shares will be held in the company’s name on behalf of its stockholders, as of the closing date, potentially to be distributed as a dividend to such stockholders, if, when, and as such a distribution is permitted pursuant to all relevant corporate, securities, regulatory, and fiduciary requirements. 

About Bio-Clean International:

We also maintain a minority interest in Veterans Training Corporation, (VTC), which is also a SDVOSB business based in Southern California and provides a wide range of training programs for a variety of clients including the US Department of Defense. In addition, VTC provides training programs for the private sector such as its OSHA safety-training programs for the construction industry. 

For more information about Bio-Clean International please visit our website at: www.biocleaninternational.com

About World Market Media:

 

World Market Media will consistently release breaking news and content updates on Bio-Clean International at: www.WorldMarketMedia.com/BCLE.

A number of statements referenced in this Release, and any other interviews that have been made, are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this actions may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions “may, “could,” or “might,” occur. Such statements reflect the current views of the company’s management with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful closing of acquisition transactions and their subsequent integration, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors described in the Company's filings with the Pink Sheets. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company does not undertake any responsibility to update the “forward-looking” statements contained in this news release. 

Contact: 

Bio-Clean International, Inc.

Tammy Dunn, COO

+1 714 373 1990

ir@biocleaninternational.com 

World Market Media, Inc.

Steve Kanaval, Executive Editor

+1 877 801 8408

 

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