BioPower Operations Corporation Announces the Acquisition of
BioPower Operations Corporation Announces the Acquisition of FTZ Exchange LLC
FT. LAUDERDALE, FL -- (Marketwire) -- 06/11/12 -- BioPower Operations Corporation (OTCQB: BOPO) (PINKSHEETS: BOPO) today announced that BioPower has acquired FTZ Exchange, LLC.
FTZ provides BioPower with business know-how of on-line and off-line commercial trade strategies to create transaction fee based internet exchanges to sell products and services to business-to-business and business-to-consumer communities. FTZ currently owns 50% of the QX Health Exchange LLC, with Quture, Inc., a wholly owned subsidiary of Techs Loanstar, Inc. (OTCQB: TCLN) (PINKSHEETS: TCLN). QX Health Exchange intends to bring quality and competitively priced products and services to the global medical and healthcare marketplace. The QX Health Exchange intends to establish a B2B and Health Provider to Patient (HP2P) Quality Health Exchange that will serve to connect hospitals/medical facilities; physicians; health workers; insurance providers, medical tourism and patients by providing quality health through valued products, services and technologies at competitive prices. The QX Health Exchange also intends to sell its own branded health programs and products.
BioPower intends that the next exchange to be created under FTZ's methodology is the Energy Exchange which will be owned 100% by BioPower. Robert Kohn, BioPower Chairman and CEO, stated, "I have founded, co-founded or formed companies through joint ventures using a transaction fee based model combining the internet with brick and mortar businesses. My target markets have included utilities and companies in the energy sector, commercial real estate, machinery and equipment, transportation, media, manufacturing and other vertical markets. I believe that the timing is right to utilize the internet, mobile communications and social networking to greatly enhance transaction fee based exchanges."
About BioPower Operations Corporation
BioPower Operations Corporation is a development stage, reporting company, focused on growing biomass coupled with the production and sale of biomass products and byproducts. The senior management team has analyzed numerous biomass technologies and various market niche opportunities res ulting in short term plans to produce and sell biomass oils that can be converted into oils, biofuels, animal feed or electricity. Biomass is a broad term that encompasses all plant and animal matter that can be used either as a source of energy or for its chemical components when converted into bio oils, biofuels, green electricity, animal feed and other valuable products.
The company's website can be viewed at www.biopowercorp.com
Forward-Looking Safe Harbor Statement:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of BioPower Operations Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed.
Contact: Investor Relations Constellation Asset Advisors, Inc. 415-524-8500
BioPower Operations Corporation