Biosafe International Pte Ltd |
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Company description:: Laboratorio Sistecam S.A. and Biosafe International Pte Ltd, announce today that a Letter of Intent has been signed by both Companies agreeing to a Merger and Acquisition where Biosafe International shall purchase 51%, or controlling interest in Laboratorio Sistecam S.A. located in San Jose Costa Rica.
Laboratorio Sistecam S.A. is the sole Manufacturer in Central and South America for the Axenohl Formulations and their derivatives, invented by Andrew B. Arata. The Master Distributor and Exporter for Laboratorio Sistecam S.A. in this region is SERVICIOS Y SOLUCIONES S.A. (SERSOL S.A.), a Costa Rican Company. Currently, Laboratorio Sistecam and SERSOL S.A. are working in conjunction with Public Health Authorities and conducting research with the Axenohl Technology to develop working disinfection protocols that will help control the spread of avian influenza, SARS and annual Influenza outbreaks.
The Acquisition of Laboratorio Sistecam by Biosafe International will transfer all existing Manufacturing Processes, Formulating Information and related Technical Data on the Axenohl Silver Dihydrogen Citrate Technology, along with all current Product Registrations, Trade Marks, Real Property Assets, Process Equipment, Inventory and Raw Materials, to Biosafe International. The current management of Laboratorio Sistecam will be retained and joined by new personnel from Biosafe International. The New Management Team’s goals will be centered on expanding market penetration with the Axenohl formulations in many regions and conducting extensive Research and Development with this technology. The Inventor of this molecular technology shall provide continual Technical Support, Oversight, Project Direction and Supervision.
Andrew Arata, President of Laboratorio Sistecam S.A. stated, “I believe that this Merger will increase our technical depth along with new innovative products development, which will ultimately broaden the scope of applications for the Axenohl technology and infuse new and necessary resources towards our marketing and distribution endeavors.”
Vincent Chong, Managing Director of the Singapore based Biosafe International Pte Ltd stated “A Merger/Acquisition with Laboratorio Sistecam will bring about the technical and marketing strategic alliance between the two companies, to further broaden the applications and market penetration of the Axenohl technology on a global scale. This M&A is a significant move for Biosafe International to put itself and Singapore in the forefront of Biotechnology Research and Development.”
About Biosafe International Pte Ltd: Biosafe International is an independent, Bio-technology based company specializing in the packaging, production and marketing of cutting edge biochemical technologies. Biosafe International is building its position through an active partnering strategy by sourcing new products through technology licensing agreements from biotechnology companies, processing new regulatory registrations, product management which includes line extensions development and marketing expertise.
Biosafe International markets a wide diversity of professional and public health care products and unique active ingredients that target professional and consumer markets and manufacturers worldwide.
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