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BIOSOURCE SOLUTIONS INC. BEGINS INITIAL NEGOTIATIONS FOR PRIVATE LABEL AGREEMENT OF ECO-CERTIFIED CLEANING PRODUCTS WITH MAJOR HOUSEHOLD APPLIANCE LICENSEE TO BE SOLD IN U.S. MARKETS
Denver, Co.—November 13, 2008—BioSource SolutionsInc.-(OTC:BISL) (GR:BIA)—is in negotiations with a licensee of a major household appliance and product manufacturer with the intent of producing a full line of green friendly cleaning products that would be sold under a private label license agreement. It is expected that the company will request up to 7 of Biosource Solutions Eco-Certified environmentally friendly products. These products would then be made available for retail and sold in major markets throughout United States under this leading national brand. BioSource Solutions has already commenced construction of a new manufacturing facility in Ontario, Canada. This new facility is strategically located to allow the company to produce their earth friendly products more efficiently and cost effectively. The Ontario facility is more than double the size of the Nova Scotia operations and is being equipped with some of the latest automated manufacturing equipment.
“We believe the synergies we have with the associates of the new manufacturing facility provides us with the edge required to see this agreement come to fruition”, stated Robert Pieroway Jr., president of BioSource Solutions. This door to the U.S. market represents a huge development for the company and its future plans to make BioSource a leader in this swift growing, earth friendly, biodegradable products market. We are pleased that the market has realized that not only is our product cost comparable but in may cases superior to our competition which is evident in the number of request we are receiving from major brand name companies for private labeling . The company’s Nova Scotia facility remains operational and will continue to service local and related accounts in that region. www.biosourcesolutionsinc.com.
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