WEST PALM BEACH, Fla., March 28, 2012 (GLOBE NEWSWIRE) -- BeesFree, Inc. (OTCBB:BEES)today announced that the Company has filed a Technology Patent with Italian authorities regarding its innovative technology that aims to mitigate the effects of and potentially serve as a cure for Colony Collapse Disorder (CCD).
Honeybees have been mysteriously disappearing across the planet more and more frequently, vanishing from their hives. Known as Colony Collapse Disorder, this phenomenon has created a crisis within in the beekeeping community, a critical industry responsible for a majority of the world's fruit and vegetable production. Bee pollination is responsible for $15 billion in added crop value, particularly for specialty crops such as almonds and other nuts, berries, fruits, and vegetables.
BeesFree's patent-pending formula and delivery system are presently the only integrated solution available to combat the known effects of CCD in a global market whose size measures between $2 and $3 billion.
This patent filing will be valid for all countries that belong to the Patent Cooperation Treaty (PCT). The PCT is a treaty that makes it possible to seek patent protection for an invention simultaneously in each of a large number of countries by filing an "international" patent application. A list of participating nations of the PCT, referred to as "contracting nations," can be seen here.
Barzanò & Zanardo, the leading Intellectual Property Right (IPR) law firm in Italy, represents BeesFree's for the patent filing process. The application will be forwarded to the WIPO (World Intellectual Property Organization) in Geneva, Switzerland.
"This marks a very important milestone for our company which will allow us to increase our sales and marketing efforts in several nations. Because our technology is designed to be effective in combating CCD on a global scale as honeybees' physiology and behavioral patterns are quite similar across different environmental and climatic conditions, we expect to experience great demand for our products worldwide. With the filing of this patent for all PCT nations, we are an important step closer to being the leading provider of products to fight and potentially eliminate the multibillion dollar worldwide problem of colony collapse disorder," commented Mario Sforza, BeesFree's CEO.
About BeesFree, Inc.
BeesFree is a technology company with a unique conglomerate of researchers, beekeepers, businessmen and financiers who leveraged early recognition of a global honeybee problem known as Colony Collapse Disorder into the first known, commercially available integrated solution for the condition. The company's Headquarters are in the U.S. and its corporate laboratories in Rome, Italy. The Company has developed a global marketing strategy currently focused on South America and Europe. The company plans on initiating its marketing in the United States shortly.
For more information, please visit www.beesfree.biz.
Forward-Looking Statements
Statements about the future expectations of BeesFree, Inc. and all other statements in this press release other than historical facts, are "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, and as that term is defined in the Private Securities Litigation Reform Act of 1995. BeesFree, Inc. intends that such forward-looking statements shall be subject to the safe harbors created thereby. Since these statements involve certain risks and uncertainties and are subject to change at any time, BeesFree's actual results could differ materially from expected results.