Venice, FL, August 15, 2022 — McapMediaWire — Aphex BioCleanse Systems, Inc. (OTC Pink: SNST), which had filed a voluntary petition under the Federal Bankruptcy Code, Chapter 11, Subchapter V with the Petition being filed on May 12, 2022 in the United States Bankruptcy Court Middle District of Florida Tampa Division states today that as of August 12, 2022 they timely filed a Debtor In Possession Plan (DIP) with the Court.
David R Olund, President states, “the filing of a DIP Plan is a very important step in the reorganization and recovery of Aphex BioCleanse Systems Inc. The Company is actively seeking out DIP investment capital which along with an approved DIP Plan could set the Company on a solid course towards operational stability and profitability.”
The Bankruptcy filing was precipitated by the litigatory actions of former Corporate Directors in concert with certain other shareholders, which is viewed by current management as an attempted hostile takeover and to be without merit as well as damaging to shareholder interests.
The Company management is working diligently to relaunch its marketing with new germ-killing products and to engage the necessary DIP financing.
“We thank the majority of our shareholders who we serve and who support our amazing technologies. We look forward to their consensus with the DIP Plan which will ultimately be voted on by the Company Creditors and Shareholders.”, says David Olund – President.
About Aphex BioCleanse Systems, Inc. (Aphex):
Aphex is the developer of the world’s first proprietary non-alcohol, non-toxic, hydrogen-based cleaning technology, and has been producing germ killing solutions for over 10 years. The technology, called Hy-IQ® Water, has a unique method of sanitizing that you won’t find anywhere else. Hy-IQ® Water uses hydrogen ions traveling nearly at the speed of light to breach the cell walls of exoskeleton germs.
“We Kill Germs with Physics, Not Chemistry” is a tagline that expresses their commitment to the environment by providing non-Chemical solutions to the spread of dangerous pathogens. Killing the most dangerous germs on the planet, while meeting the EPA’s definition of “Water”, is revolutionary.
To find out more about Aphex and their technologies, visit Aphex BioCleanse Systems, Inc. – Superior Sanitization (aphexus.com)
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