BioNeutral Group Collaborating with Steri-7 on Sporicidal Wipes
Cuts Sick Leave at Ipsos Mori Telephone Center
BioNeutral Group Inc. (OTCBB: BONU), a specialty chemical technology-based life science company, announced today that Steri-7’s sporicidal wipes had cut absenteeism at a Telephone Center of Ipsos Mori due to illness by 45% by using its wipes.
Steri-7 is a biocidal cleaner that remains active even when dry. One application kills micro-organisms in seconds and prevents further contamination or recolonisation for 7 days through its 'Re-active Barrier Technology.'
"It's a real benefit in terms of lost time and administrative costs. The staff [are] more confident to use telecommunications and computer key boards and appreciate management protecting their interests (and health),” said the Head of the Ipsos Mori Telephone Centre.
Steri-7’s Sporicidal wipe kills a number of types of spores, viruses and bacteria, including MRSA, E.Coli and Salmonella.
"…According to CIPD (Chartered Institute of Personnel Development) over 13 Billion British Pounds was lost in productivity in the UK last year due to absenteeism associated with illness. Use of Steri-7 sporicidal wipes could help reduce lost productivity by a Billion Pounds per year. If for no other reason, think of it as the patriotic thing to do…” stated Steri-7’s CEO, James Fraser.
In May, 2010, BioNeutral entered into a non-binding Head of Terms letter setting forth a plan to acquire all of the shares of Steri-7™. The acquisition is subject to negotiation of a definitive acquisition agreement, satisfactory completion of due diligence, completion of a specified financing transaction by BioNeutral, and other customary terms and conditions. Terms and conditions are being held confidential pending execution of a definitive agreement.
About BioNeutral Group Inc.
Headquartered at the New Jersey Institute of Technology/EDC in Newark, New Jersey, BioNeutral Group, Inc., is a specialty chemical technology-based life science company that is developing and intends to commercialize a combinational chemistry-based technology which can neutralize harmful environmental contaminants, toxins and dangerous microorganisms including bacteria, viruses, mold, fungi and spores. The formulations, including Ygiene™ and Ogiene™, are both eco-friendly. The Company has combined these widely used compounds in highly specialized ways to create products that dramatically enhance disinfecting and cleaning results; products include BioNeutralizers and ChemoNeutralizers. BioNeutral's proprietary platform technology has been proven effective in surface, water and airborne applications. Its antimicrobial line of products under the Ygiene™ brand have not yet been submitted to the EPA for approval for sale in the United States; however they have been approved in Germany and are allowed in the UK, France and Sweden.
About Steri-7™
Steri-7™ is a privately held UK company with a broad product line of advanced proprietary antimicrobial formulations designed to eliminate bacteria, virus and spores in the health care and related industries with products which include sporicidal hard surface sprays, sporicidal wipes and sporicidal hand cleansers. All products are mild, environmentally friendly and provide long-lasting protection which is unique in the industry. Sales have commenced in the UK and the Middle East.
About Ipsos Mori
Ipsos Mori, part of the Ipsos Group, is a leading UK research company with global reach. They specialize in researching brand equity and communications; customer and employee relationship management; consumer, retail & shopper and healthcare; media and technology with a focus on quality.
Forward-Looking Statements
BioNeutral routinely tests its formulations against those of its competitors. The results are published to let shareholders know how the Company's technology compares with known formulations in the market place. Any product claim for antimicrobial activity requires approval from the EPA or FDA, depending upon where and how the formulations are used. The EPA and FDA have not reviewed or confirmed the Company's data and findings. BioNeutral's antimicrobial formulations will be marketed under the brand name Ygiene™ and are not yet available for sale in the United States.
Source: Business Wire/Yahoo Finance



