Shareholders Approve Merger of BioForce Nanosciences with Silver River Ventures
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BioForce Nanosciences, Inc. shareholders have voted Friday, January 27, 2006 on a merger with Silver River Ventures, Inc. The merger received formal approval with the substantial majority of shareholders voting in support.
With approvals in place the merger can proceed to a formal closing expected to take place within the next few weeks. In anticipation of the closing, Silver River has changed its name to BioForce Nanosciences Holdings, Inc. (BFNH).
Additional information on BFNH and the merger will soon be found on the Securities and Exchange Commission website. Closing this merger marks the initiation of a new round of funding.
Dr. Eric Henderson, Founder and CEO of BioForce Nanosciences, in a statement after the meeting noted, "This merger opens significant new opportunities for existing and potential new BioForce shareholders."
"Industry analysts and the public understand that the strong leading companies in this emerging industry will be those that provide technologies that set the stage for the future advances."
"Our launch last year of just such a technology, the NanoArrayer™, was a key milestone for the company. We are excited about the opportunities for expanded placement of this enabling technology in the marketplace."
Vice President of Research and Development and co-founder, Dr. Curtis Mosher commented, "BioForce is one a small group of companies with commercial products that enable new possibilities in the arena of bionanotechnology."
"These products are a primary example of the company's ability to transition creative intellectual property to the marketplace."
