On April 15, 2008 BMXP
Holdings announced that it had signed a Letter of Intent with Freedom Environmental Services pursuant to which BMXP
Holdings intends to combine with Freedom Environmental Services through a reverse acquisition.
Pockett concurrently serve as Chairman / CEO and Director / Vice President respectively of both Tasco Holdings International (OTCBB:THII) and BMXP
The reorganization will be effective at the open of the market on 8/28/2006, and the new symbol for BMXP
Holdings Inc will be BXPH.
As previously reported, the Chairman & CEO of BMXP, David Koos, and Director & COO of BMXP, Brian Pockett, have been named as Tasco's new Chairman and Director respectively.
As a result of this transaction, BMXP received 10,000,000 shares of Tasco common stock in exchange for all of the outstanding common stock of its wholly-owned subsidiary, Bio-Matrix Scientific Group, Inc.
BMXP anticipates that it will continue to trade on the Pink Sheets and will become, upon closing of the transaction with Tasco, the largest shareholder of Tasco holding approximately 78% of the outstanding shares of Tasco.
As currently planned, BMXP intends to file a registration statement with the SEC to register the Tasco shares it acquired in the transaction under the Securities Act of 1933 and distribute those shares to BMXP shareholders as a dividend upon effectivity of the registration statement.
As a result of this transaction, BMXP
will sell all of the outstanding common stock of its wholly-owned subsidiary, Bio-Matrix Scientific Group Inc.