Biomagnetics Diagnostics Corporation (BMGP) is an advanced medical device and biotechnology company. Their revolutionary diagnostics system focuses on real-time testing for the actual presence of the virus/ toxin/ disease itself, and not for antibodies produced by the body's immune system which may take anywhere from weeks to months to appear. This allows for much earlier detection and treatment, as well as delivering the test at a fraction of current costs
The company has been positioning itself with clinical trials
in Mexico, Kenya, India
and China in the fourth
quarter of 2010 and then on to US and Europe
for more. Biomagnetics hopes to have products in use in those countries in
2011, followed by US and European sales sometime in 2012, pending successful
financing and approvals.
April 5 - Biomagnetics Provides Investor Update on Spin Off of Low Carbon Diesel Project – Moves into Financing Due Diligence Phase
Biomagnetics Diagnostics Corp., (PINK SHEETS:BMGP - News) a
developer of revolutionary diagnostic systems and technology for HIV,
hepatitis, tuberculosis, cholera and malaria detection, and other innovative
technologies, today announced the Company’s status on its proposed spin off of
its low carbon diesel project. Last week, CEO, Clayton Hardman, travelled to China to meet
with several potential funding sources interested in moving the project
forward. These funding sources have agreed to move into a due diligence process
to validate the Company’s proposal.
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Forward-Looking
Statement: This press release includes "forward-looking statements"
within the meaning of the federal securities laws, commonly identified by such
terms as "believes," "looking ahead,"
"anticipates," "estimates" and other terms with similar
meaning. Although the Company believes that the assumptions upon which its
forward-looking statements are based are reasonable, it can give no assurance
that these assumptions will prove to be correct. Important factors that could
cause actual results to differ materially from the Company's projections and
expectations are disclosed in the Company's filings with the Securities and
Exchange Commission. All forward-looking statements in this press release are
expressly qualified by such cautionary statements and by reference to the
underlying assumptions.
Disclosure: OTCPicks.com has been compensated seven thousand five hundred dollars from a third party for current BMGP advertising and promotional services.
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