BioNeutral Group Signs LOI and MOU with J-Man Distributors Inc. and Kleen Maid Inc.
NEWARK, N.J.--BioNeutral Group, Inc. (OTCBB:BONU), a specialty chemical technology-based life science company, reports that it has signed a Letter of Intent with J-Man Distributors Inc., a marketer and distributor of specialized auto care products and services, for the sale of BioNeutral’s Ogiene™, Odor Eliminator material branded as “AutoNeutral ™�??. This product would be packaged in a prelabeled, ready to market and sell format of various sizes, ranging from an 8-ounce spray bottle to a 15-gallon bulk container. The LOI is effective for 90 days while a definitive agreement is being negotiated.
“We are pleased to have signed the LOI with J-Man Distributors for our “AutoNeutralâ„¢”
In addition, BioNeutral reports that it has also signed a Memorandum of Understanding with Kleen Maid Inc., a developer and distributor of home & auto consumer products including the Spic and Span & Good-Year licensed Household/Auto Cleaning line of products, to supply Kleen Maid with its Ogiene™ “White Board Cleaner & Rejuvenator�?? material for Kleen Maid’s creation of white board wet wipes. The MOU states that both parties intend to enter into a formal commercial contract provided that terms are acceptable to both parties.
Stephen J. Browand, President and CEO of BioNeutral, stated: “We are pleased to have signed the LOI with J-Man Distributors for our “AutoNeutral™�?? product line & a MOU with Kleen Maid for our “White Board Cleaner & Rejuvenator�?? material. At this point in time, we are just at the very early stage of preliminary discussions with both of these fine companies. However, we look forward to fruitful relationships with both of them as well as the potential opportunity for the growth in sales of our entire Ogiene™ line of products.�??
About J-Man Distributors Inc.
Is a new distributor of specialized automotive care products and services being a member of the Campus Family Group of Companies.
More information about the Campus Group may be found at: www.campusgroup.com
About Kleen Maid Inc.
Kleen Maid, Inc. develops and markets licensed, branded consumer products. Kleen Maid understands that customers want recognized brands and high-quality products that make their lives easier and are reasonably priced. All Kleen Maid products are rigorously tested and must pass an exacting approval process prior to going to market.
More information about the Company may be found at: www.kleenmaidinc.com
About BioNeutral Group, Inc.
Headquartered at the New Jersey Institute of Technology/EDC in Newark, New Jersey, BioNeutral Group, Inc., is a speciality chemical technology-based Life Science company that is developing and intends to commercialize a combinational chemistry-based technology which can neutralize harmful environmental contaminants, toxins and dangerous micro-organisms including bacteria, viruses, mold, fungi and spores. The formulations, including Ygiene™ and Ogiene™, which are both eco-friendly. The Company has combined these widely-used compounds in highly specialized ways to create products that dramatically enhance disinfecting and cleaning results; products include BioNeutralizers and ChemoNeutralizers. BioNeutral’s proprietary platform technology has been proven effective in surface, water and airborne applications. Its antimicrobial line of products under the Ygiene™ brand have not yet been submitted to the EPA for approval for sale in the United States, however they have been approved in Germany & are allowed in the UK, France & Sweden.
More information about the Company may be found at www.bioneutralgroup.com
Forward-Looking Statements
BioNeutral routinely tests its formulations against those of its competitors. The results are published to let shareholders know how the Company's technology compares with known formulations in the market place. Any product claim for antimicrobial activity requires approval from the EPA or FDA, depending upon where and how the formulations are used. The EPA and FDA have not reviewed or confirmed the Company's data and findings. BioNeutral's antimicrobial formulations will be marketed under the brand name Ygieneâ„¢ and are not yet available for sale in the United States.