Blue Planet Environmental Inc. (FWK, Stock Symbol- 9BP) entered into a
Stock Purchase Agreement (the 'SPA') on December 2, 2011 with BPE
Marketing Services LLC ('BPE') providing for an equity investment of up
to $3,000,000 USD (Three Million USD). Blue Planet Environmental also
signed an exclusive world-wide Marketing Services Agreement with BPE, as
of the same date, covering the distribution and licensing of Blue Planet
Environmental's commercial technology and products.
Pursuant to the SPA, BPE made the initial investment of $500,000 USD
upon the execution of the agreement. The SPA further provided for
additional investments of at least $500,000 USD on the 6th, 9th and 12th
month anniversaries of the SPA's execution.
Blue Planet Environmental is pleased to announce that the third tranche
closed on September 4, 2012 with the receipt of $500,000 USD, and the
issuance of 2,772,863 common shares of Blue Planet Environmental Inc.
Blue Planet Environmental Inc. was represented in this matter by Minden
Gross LLP of Toronto, Ontario; BPE Marketing Services LLP was
represented by the New York office of Seyfarth & Shaw LLP.
The proceeds of the equity investment will be used to execute the next
phase of Blue Planet's strategic plan that was developed by BPE and Blue
Planet Environmental to maximize the commercialization of products and
processes utilizing nano-bubble gas infusion technology. The strategic
plan will place major emphasis on aquaculture, aquaponics, and
commercial greenhouse applications in the United States, Canada, and
FORWARD-LOOKING SAFE-HARBOUR STATEMENT
A number of statements contained in this press release are
forward-looking statements. These forward-looking statements involve a
number of risks and uncertainties, including the timely development, and
market acceptance conditions, successful integration of acquisitions and
the ability to secure additional sources of financing. The actual
results that Blue Planet Environmental Inc. (9BP) may achieve could
differ materially from any forward-looking statements due to such risks