TYLER, Texas, Feb. 7, 2007 (PRIME NEWSWIRE) -- Biogenerics Limited (Pink Sheets:BIGN) is pleased to announce that its subsidiary Tyche Energy Inc. has acquired the rights to Hydroslotter technology in New Mexico, Oklahoma and Ontario Canada. Biogenerics has been assured that Tyche Energy will supply hydroslotting services to its asset base as requested in the above areas mentioned.
Currently Biogenerics has Hydroslotter operating in Grimes, California. Although there have been delays with the wells, the issues causing the delays are unrelated to Hydroslotter technology. The Company is eager to expand its use of the technology with its relationship with Tyche Energy, applying the technology in states where management is in place and familiar with the conditions.
Website: http://www.bignltd.com
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy Inc. and Hydroslotter Corp.
About Hydroslotter Corp.
Hydroslotter Corporation's proprietary technology deemed "hydroslotting" increases oil and gas production and extends commercial productivity of oil and gas by 300% to 600%. Hydroslotter's technology is cost effective and provides a high return on investment from the actual re-work of shut-in wells.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.