BioNeutral Group Signs LOI with Germany's ANA Aquiline Ltd.

German Product Manufacturer Focuses on Bioneutral’s Line of Superior Antimicrobials

BioNeutral Group, Inc. (OTCBB:BONU), a specialty chemical technology-based life science company, reports that it has signed a Letter of Intent (LOI) with ANA Aquiline Ltd., a European manufacturer of cleaning cloths and sponges, to integrate BioNeutral’s line of antimicrobials, including Ygiene™ and Ogiene™, into its versatile toweling system and to market and sell the resulting products in both the institutional and retail sector within Germany and the United Kingdom.

ANA Aquiline Ltd., 30-year-old private company headquartered in Germany, markets a wide variety of consumer and industrial products designed for use in the cleaning and care of a range of surfaces, fixtures, kitchenware and other items. The LOI states that BioNeutral and ANA Aquiline intend to conclude a binding agreement on or before June 28, 2010.

Stephen J. Browand, President and CEO of BioNeutral, stated: “The wide variety of uses of ANA Aquiline’s superior-quality towel products is impressive. At this stage, we have just started to evaluate the prospects of a business relationship; however, in the event an agreement is finalized, we would look forward to implementing our versatile antimicrobial line into ANA Aquiline’s products and giving consumers in Germany and the UK a chance to reap the benefits of their use.”

About ANA Aquiline Ltd.
Headquartered in Merenberg, Germany, ANA Aquiline Ltd. is a 30-year-old manufacturer and marketer of high-quality cleaning cloths and sponges for consumer and industrial use. The company currently oversees the production of more than 50 products including all-purpose cloths and wipes, scourers and sponges, microfiber cloths, glass and window cleaners, floor cleaners, dusting cloths, car care cloths, and skin care items.

About BioNeutral Group, Inc.
Headquartered at the New Jersey Institute of Technology/EDC in Newark, New Jersey, BioNeutral Group, Inc., is a speciality 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 micro-organisms including bacteria, viruses, mold, fungi and spores. The formulations, including Ygiene™ and Ogiene™, which 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 & are allowed in the UK, France & Sweden.

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