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Author Topic: One to keep an eye on
MxPx
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BIOF news out, they are raising the bid/ask this one could pop big after looking at a delayed level 2 quote first trade was .60 after the news but just keep an eye on it

Business Editors

LINFIELD, Pa.--(BUSINESS WIRE)--Oct. 21, 2004--
Biofarm, Inc. (OTCBB:BIOF) announced today its
intention to distribute a special stock dividend (Dividend) to its
shareholders. As previously reported in its 1934 Act filings, BIOF has
transferred all of its assets and liabilities, effective as of June
11, 2004, to OCWEN Corp. (OCWEN) a wholly-owned subsidiary.
Simultaneously, all of the shares of capital stock of OCWEN were
registered in the name of Trustees to hold all such shares for the
benefit of the BIOF shareholders. Each holder (Beneficiary) of BIOF
shares of Common Stock on October 31, 2004 (Record Date) will be
entitled to receive that number or fraction of shares of OCWEN capital
stock for every share of BIOF's Common Stock held by such Beneficiary
on the Record Date, to be calculated by dividing the number of shares
of OCWEN capital stock issued and outstanding held by the Trustees on
the Record Date by the number of shares of BIOF's Common Stock and
outstanding on the Record Date. It is anticipated that each
Beneficiary will receive one OCWEN share for each share of BIOF's
Common Stock held by such Beneficiary on the Record Date.
In accordance with that certain Trust Agreement between BIOF and
the Trustees, the Trustees will initially hold the OCWEN shares on
behalf of the Beneficiaries and will endeavor to distribute the OCWEN
shares to the Beneficiaries as promptly as practicable after a
registration statement relating thereto has been declared effective
under the 1933 Act. Stockholders of BIOF are also cautioned that the
assets and liabilities of BIOF transferred to OCWEN on June 11, 2004,
have minimal value and liability; therefore, it will be necessary for
OCWEN to effect an acquisition of its own in order for its shares to
realize any market value of consequence.
No action of any kind whatsoever is required to be taken by BIOF
shareholders. The Transfer Agent for BIOF Common Stock is being
instructed to maintain a record of all holders of BIOF Common Stock at
the close of business on October 31, 2004. The address of the Transfer
Agent is Continental Stock Transfer and Trust Company, 17 Battery
Place (Eighth Floor), New York, New York 10004.

Biofarm, Inc. is a holding company with headquarters in Linfield,
Pennsylvania. This press release contains certain forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended and Section 21E of the Securities Exchange Act of
1934, as amended. While these statements are made to convey certain
information to the public, readers are cautioned that such
forward-looking statements represent management's opinion and involve
risks and uncertainties. While management believes such
representations to be true and accurate based on information available
to Biofarm at this time, actual results may differ materially from
those described. In addition to the matters described in this press
release, risk factors listed from time to time in the Company's SEC
reports and filings, including, but not limited to, its reports on
Form 10-QSB for the quarters ended January 31, 2004, April 30, 2004,
and July 31, 2004, and its report on Form 10-KSB for the year ended
October 31, 2003, may affect the information herein conveyed

[This message has been edited by MxPx (edited October 21, 2004).]


Posts: 487 | From: Northeast Ohio | Registered: Oct 2004  |  IP: Logged | Report this post to a Moderator
   

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