BioNeutral Group, Inc. (BONU.OB) Signs LOI to Sell its Mold Formulation
BioNeutral Group, Inc., a chemical technology-based Life Science company that plans to commercialize a novel combinational chemistry-based technology, announced this morning that it has signed a Letter of Intent (LOI) with Mr. Mold LLC, a New Jersey based mold remediation company with operations throughout the northeast. According to the terms of the agreement, Mr. Mold will begin using BioNeutrals’ unique formulation designed for use with mold and mold spores. Thomas Re, Founder and CEO of Mr. Mold LLC stated, “I have had the opportunity to utilize this formulation and no other product comes close to its performance. The BioNeutral formulation…