FORT LAUDERDALE,
Fla., July 25, 2012
/PRNewswire/ -- The following is a letter sent to
shareholders of BioPower Operations Corporation from CEO
Robert Kohn on July 25, 2012.
Dear
Shareholder,
With this, my first letter to our shareholders, I want to
thank you for your commitment to BioPower and your confidence in
our management team and plans.
We want to inform you as to where we are headed, the
business projects we have and our opportunities for future
results.
FTZ Exchange
We have recently acquired a 100% interest in FTZ Exchange
LLC, which is a licensing company providing technology and know-how
to build transaction fee based exchanges for the sale of products
and services for business to business and business to consumer
communities. FTZ owns a 50% interest in Qx Health Exchange and 100%
of FTZ Energy Exchange Corporation. We have launched phase I of the
Qx Health Exchange and intend to launch the Energy Exchange later
this year.
We believe the timing is right to combine the internet,
technology, brick and mortar sectors in vertical markets and social
networking to create transaction fee based
exchanges
In conjunction with the consulting agreement we executed
with Quture Inc., we saw the opportunity for a health exchange
providing quality and proprietary health products and services to
the community of hospitals, medical centers, physicians, health
workers, patients and medical tourism. Furthermore, with Quture
Inc., as our joint venture partner, we saw the exchange having its
own proprietary quality health products for further revenue,
creating incentive and profit opportunities. At present, we are in
discussions to select a technology backbone provider, front end
systems provider, potential preferred partner network companies who
will provide services to manufacturers and distributors of health
products and services.
Twelve years ago, I was President of a division of Exelon,
the largest electric utility in the
United States. The business unit, Entrade, stood for energy
trading and combined the internet as a tool to facilitate business
to business trading while selling energy and energy related
products. Our first exchange was for utility parts which started
with a $3 billion inventory in new
utility parts from Exelon which we sold or traded. Other utilities
joined the exchange and the concept was born. When Entrade
sold its interest in April 2000, I
left and became the CEO of AssetTrade, which today is GoIndustry
Dove Bid www.go-dove.com with 1,300
employees in 20 countries.
Biomass Projects
One of our strengths is the ability to adapt to the
marketplace and investment interest. New opportunities for short
term biomass solutions, one being castor, could prove to be
profitable in a short period of time. This project can meet the
requirements of project finance investors.
Castor seed is processed into a natural oil that is an
excellent specialty chemicals feedstock. This natural oil can also
be processed into biodiesel fuel. Castor oil is used in the
production of cosmetics, pharmaceuticals and other products. In
order to succeed in the castor business, we need to have a
plantation and agricultural equipment to grow the biomass, and a
mill to crush the oil producing seed.
Each castor project must be self-sufficient by way of
traditional project finance or we will find a joint venture partner
to fund the project. Both of these methods should require no
dilution of the Company's common stock. BioPower and our
shareholders will benefit with each project.
Dale Shepherd, the
President of BioPower, has had a successful history negotiating
extensive transactions, developing new businesses and operating
them successfully with GE and other major corporate entities. He
has the unique skill of creating and implementing detailed business
plans with a focus on completing projects on time and within
budget.
He and his team will maintain their focus on the current
biomass projects for BioPower including castor plantations and the
pursuit of other related technologies.
Our approach is to focus our efforts on building out the
FTZ exchanges and explore biomass opportunities as they arise. If
you want to learn more about BioPower or FTZ, please visit our
websites at www.biopowercorp.com
or
www.ftzexchange.com.
We appreciate your patience and the trust you have shown
by being a shareholder of BioPower. We plan on moving into the
future with greater opportunities than ever before. We will
work diligently and use our best efforts to make BioPower a
successful company.
Again, we thank you for believing and trusting in our
management team.
Sincerely,
Robert Kohn
CEO
Contact:
Investor Relations
Constellation Asset Advisors, Inc.
415-524-8500
BioPower Operations Corporation
954-607-2800
SOURCE BioPower Operations Corporation