TORONTO, ONTARIO — (Marketwire) — 08/21/12 — Solutions4CO2 Inc. (the “Company” or “S4CO2”) (TSX VENTURE: SFC), would like to provide an update on its joint-venture and design-build-maintain agreements (the “Agreements”) with Bard Holding, Inc. (“Bard”) ().
The Company has been informed by the management of Bard that Bard is undertaking a corporate restructuring that may have an adverse impact on its funding plans, which is likely to affect the scope, timing of delivery and general execution of the Agreements. The Agreements provide for Bard–s capitalization of the Canadian joint-venture with S4CO2 as well as the roll-out of up to 24 facilities for which S4CO2 is to provide the CO2 gas capture, infusion and control components and the maintenance thereof. Currently, the Company has no further details on Bard–s restructuring or funding plans but will provide further updates as more information becomes available to it.
The Company–s arrangements with Bard are non-exclusive and S4CO2 is continually in discussions with third parties to develop additional joint ventures and other business relationships.
About Soutions4CO2 Inc.:
Solutions4CO2 Inc. has a patented system to capture Greenhouse Gases (“GHGs”) from waste gas streams. The system utilizes these gases in the production of high-value co-products derived from microalgae. The C system utilizes patented technology under exclusive license and supply agreements to efficiently capture and separate the primary greenhouse gases, such as carbon dioxide, nitrogen dioxide and sulphur dioxide, from post combustion, fermentation or biogas processes. The system is capable of efficiently capturing over 95% of these gasses and delivers these gasses in a fully dissolved form into algae cultivation systems resulting in enhanced growth rates. The system is capable of optimizing the delivery of CO2 by monitoring the level of CO2 in solution to an accuracy of 5ppm. The company is focused on designing, building, operating and maintaining these waste gas/water to co-product systems in partnership with large emitters and co-product producers.
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Certain statements contained herein constitute “forward-looking statements”. These forward-looking statements are based on current expectations. Additionally, forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as “plans”, “may”, “estimates”, “expects”, “indicates”, “targeting”, “potential” and similar expressions. These forward-looking statements, including statements regarding the Company–s beliefs in the potential forward-looking execution of contracts or agreements and are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations as more information is gathered or becomes known, or if the Company–s estimates or assumptions prove inaccurate. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or any other reason.
Contacts:
Solutions4CO2 Inc.
Douglas Kemp-Welch
CEO
416-803-9435
Solutions4CO2 Inc.
Stephen Gledhill
CFO
416-987-0857