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CybeRelease: (OTC BB: BSLM) Completes Initial Closing of Private Placement


(CybeRelease, June 23, 2006) - Lake Harmony - Bio-Solutions Manufacturing, Inc. (OTCBB: BSLM - News; Frankfurt: B2T.F - News) announced today that it has completed the initial closing of $1,000,000 of a $2,250,000 private placement with European institutional investors. In the placement, Bio-Solutions issued 2,500,000 units, each unit consisting of one share of common stock and a warrant to purchase one share of common stock at $0.80 per share, at a purchase price of $0.40 per unit. The company intends to keep the placement open for a reasonable period of time to accept additional subscriptions for the remaining $1,250,000 worth of units being offered. Bio Solutions retained T&T Vermogensverwaltungs AG of Switzerland as its investment banker for the transaction.

T & T has financed many companies in the US and Europe and is looking forward to working with Bio-Solutions Manufacturing, a revolutionary bioremediation and bio-diesel company, says Mr. Ivano Anglestri, T & Ts President.

We are very pleased to have T & T as a business partner and we are looking forward to the opportunities this venture will bring, says Mr. David Bennett, President and CEO of Bio-Solutions Manufacturing. This funding gives us the ability to develop and market our biodiesel and environmental products.

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CybeRelease Gainers are Penwest Pharmaceuticals Co. (Nasdaq: PPCO), Endo Pharmaceuticals Holdings Inc. (Nasdaq: ENDP), Advanced Life Sciences Holdings, Inc. (Nasdaq: ADLS), Arch Capital Group Ltd. (Nasdaq: ACGL), Internet Initiative Japan, Inc. (Nasdaq: IIJI), Sepracor Inc. (Nasdaq: SEPR), GMX Resources, Inc. (Nasdaq: GMXR) and Pacific Ethanol, Inc. (Nasdaq: PEIX).

CybeRelease Decliners are Neurocrine Biosciences, Inc. (NasdaqNM:NBIX - News), Sunterra Corporation New (Nasdaq: SNRR), DOV Pharmaceutical, Inc. (Nasdaq: DOVP), Pixelplus Co., Ltd. (Nasdaq: PXPL), Anglo American plc (Nasdaq: AAUK), Xilinx, Inc. (Nasdaq: XLNX), Inergy, L.P. (Nasdaq: NRGY) and QUALCOMM Incorporated (Nasdaq: QCOM).

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