TORONTO, ONTARIO--(Marketwire - Sept. 5, 2012) - Solutions4CO2 Inc. (the "Company" or "S4CO2") (TSX VENTURE:SFC), would like to provide a final update to its August 21, 2012, press release regarding its joint-venture and design-build-maintenance agreements (the "Agreements") with BARD Holding, Inc. ("BARD" www.bardholding.com).
Following detailed discussions with BARD and its advisors regarding BARDs proposed restructuring plan, the Company has determined that it is very unlikely that BARD is currently in a position to meet their contractual obligations under the Agreements. As a result, the Company is reviewing its legal options at this time.
S4CO2 continues to advance discussions with multiple potential partners in line with its strategy to pursue design- build- maintenance and joint venture opportunities in Canada and the U.S. in the areas of bio gas separation and utilization of CO2, supercritical CO2 extraction and the processing of waste streams including CO2, wastewater and organic waste into high value added co-products.
About Solutions4CO2 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.
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.