Biomaxx Systems Inc signs formal Agreement with UNA Water to prepare a feasibility study for proposed 50 Million Euro ethanol plant in Bihac, Bosnia

Released on = October 3, 2006, 12:47 am

Press Release Author = BioMaxx Systems Inc.

Industry = Energy

Press Release Summary = Toronto, Ontario Canada - (For immediate release)
September 29, 2006 4:01 PM EST

Biomaxx Systems Inc. (Other OTC: BMXSF) is pleased to announce that the company has
signed a formal Agreement with UNA Water GMBH of Sonvilier, Switzerland. Under the
terms of the Agreement, Biomaxx Systems Inc. will prepare a feasibility study for
the viability of ethanol production from corn and sugar beets in the region of
Bihac, Bosnia. The cost of a full scale production facility has been estimated at
50 Million euros capable of producing 10 million litres of ethanol per month. The
ethanol produced will be blended with gasoline to be used as a transport fuel in
vehicles in Switzerland.


Press Release Body = The feasibility study will be conducted by the Biomaxx Systems
Consulting team which will be managed by Professor Dr. Naim Kosaric, a native of
Bosnia and an internationally recognized expert in the area of biofuels technologies
(authoring more than 65 publications relating directly to fuel alcohol).

The feasibility study shall outline the key economic, technological and
environmental considerations required to developing an industrial scale operation to
produce fuel alcohol from sugar beets and corn biomass. The comprehensive
feasibility study for producing fuel alcohols in Bihac, Bosnia will outline the
capital cost and operating expenditures, industry analysis in Switzerland and
Bosnia, feed stock availability and potential constraints, refining costs and
logistics, geographic considerations, market assessment, feedstock (Biomass)
characteristics, review of bio-ethanol production processes, environmental
considerations, government regulations and incentives, assess and visualize emerging
secondary industries and their potential innovation and profitability, with specific
interest in the production of alkochemicals for the construction and packaging
industries.

Mr. Abdic Enes of UNA Water states, \"I am very happy that the project in Bihac will
be realized, in conjunction with BioMaxx Systems Inc. and the expertise from their
Chief Scientific Advisor, Prof. Dr. Kosaric. We are aiming to be the market leader
in East and West Europe for renewable energy solutions. Renewable energy solutions,
especially biofuels, are very new to Switzerland and other European countries and
therefore we are confident to play a major role in this sector in Europe. The
project in Bihac, Bosnia, will strengthen the local economy once again and I\'m happy
to create new job opportunities for Bosnian citizens.\"

Vernon Smith, CEO of BioMaxx Systems Inc. comments; BioMaxx Systems is very excited
to be involved in the UNA Water ethanol project in Bosnia. A project of this size
represents the first of its kind in Bosnia. This project will greatly benefit the
local economy by providing jobs, by injecting money into the region, by making use
of enriched and fertile land in the region of Bihac and makes pure economic sense.
Our feasibility study will form the blueprint for a successful ethanol production
facility in Bihac. UNA Water and BioMaxx Systems are equally committed to the
environment and the reduction in the use of fossil fuels.

About UNA Water GMBH

UNA Water GMBH, based in Sonvilier, Switzerland, has secured contracts to supply
ethanol to the Swiss market and has secured feedstock, land and required facilities
to build a state of the art ethanol production facility in Bihac, Bosnia.

About Biomaxx Systems Inc.

Biomaxx Systems is a biotechnology consulting company that focuses on the
development of innovative technology solutions to address our dependence on fossil
fuels. The company develops technologies to produce clean fuels such as Ethanol and
Hydrogen promoting clean, efficient alternatives that reduce harmful carbon dioxide
emissions and Green House Gases.
Biomaxx Systems Inc. provides professional consulting services in the fields of
Biotechnology, Bio Fuels, Renewable energy and related specializations. Biomaxx will
leverage the knowledge of our experienced professionals and consultants with
distinct specializations in the key areas of biotechnology and bio-energy. Biomaxx
Systems Inc. is a Canadian company with international reach, covering most global
markets.

Safe Harbour Statement:
This release includes forward looking statements, which are based on certain
assumptions and reflects management\'s current expectations. These forward looking
statements are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current expectations. The
Company disclaims any intention or obligation to update or revise any forward
looking statements, whether as a result of new information, future events or
otherwise.

For further information please contact:
Biomaxx Systems Inc.
Investor Relations
Email: investorrelations@biomaxxsystems.com
Copyright 2006 Biomaxx Systems Inc. All rights reserved


Web Site = http://www.biomaxxsystems.com

Contact Details = BioMaxx Systems Inc.
Suite 1801 - 1 Yonge Street
Toronto, Ontario Canada
M5E 1W7
Telephone: +1 416 915 2855
Email:info@biomaxxsystems.com

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