Bioasis Establishes U.S. Presence with Office in Connecticut

The Company also launches new website bioasis.us

Vancouver, British Columbia & GUILFORD, Conn.–(Business Wire)– Bioasis Technologies, Inc . (OTCQB:BIOAF; TSX.V:BTI), a biopharmaceutical company focused on the delivery of therapeutics across the blood-brain barrier (BBB) and into the central nervous system for the treatment of neurological diseases and disorders, today announced the establishment of its U.S. office in Guilford, Conn. Additionally, the Company has launched its new corporate website, bioasis.us.

“Establishing a strong presence in the U.S. is an important next step in the evolution of Bioasis,” said Mark Day, Ph.D., president and chief executive officer. “The greater New Haven area is in close proximity to both Boston and New York. The new U.S. office provides a physical location that is at the cross roads of pharma, biotech and academia. It will increase the exposure of our company and provide access to a broad pool of talent and strategic resources.”

Following a strategic rebranding process, Bioasis has launched its new website, bioasis.us. The new website reflects a new array of branding elements, including xB3™, the Company’s proprietary platform technology for the delivery of neurological treatments across the BBB, and a modernized logo. Bioasis’ new corporate branding is an additional step in the transformation that has been taking place at Bioasis over the past six months.

The new Bioasis site, which has been optimized for both desktop and mobile users, more accurately tells the company’s story and clearly highlights the company’s mission to develop symptomatic and disease-modifying treatments for brain-related diseases and disorders. Visitors to the website are able to efficiently access information on Bioasis, the xB3 platform, the Company’s in-house development programs and other corporate information.

“Bioasis is evolving and we want all aspects of our corporate messaging to reflect these changes moving forward,” said Dr. Day. “Our new branding, website and office location are a part of our move to more fully engage with potential biotech and pharmaceutical partners, better position the company for its expansion into the U.S. and to execute our corporate strategies for the advancement of the xB3 platform and the opportunities that platform presents for Bioasis and the patient community.”

About Bioasis

Bioasis Technologies Inc. is a biopharmaceutical company focused on the delivery of therapeutics across the blood-brain barrier (BBB) and into the central nervous system for the treatment of neurological diseases and disorders. The delivery of therapeutics across the BBB represents the single greatest challenge in treating neurological disorders. The company is developing and commercializing the xB3™ platform, Bioasis’ proprietary blood-brain barrier delivery technology, to address unmet medical needs in the treatment of central nervous system diseases and disorders. The company maintains headquarters in Vancouver, Canada with offices in Guilford, Conn., United States. Bioasis trades on the OTCQB under the symbol “BIOAF” and on the TSX Venture Exchange under the symbol “BTI.” For more information about the company please visit www.bioasis.ca or www.bioasis.us. You may also follow the company on LinkedIn, Twitter and YouTube.

Forward Looking Statements

Certain statements in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including without limitation statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect” and similar expressions. Such forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause our actual results, events or developments, or industry results, to be materially different from any future results, events or developments express or implied by such forward-looking statements or information. Such factors include, among others, our stage of development, lack of any product revenues, additional capital requirements, risk associated with the completion of clinical trials and obtaining regulatory approval to market our products, the ability to protect our intellectual property, dependence on collaborative partners and the prospects for negotiating additional corporate collaborations or licensing arrangements and their timing. Specifically, certain risks and uncertainties that could cause such actual events or results expressed or implied by such forward-looking statements and information to differ materially from any future events or results expressed or implied by such statements and information include, but are not limited to, the risks and uncertainties that: products that we develop may not succeed in preclinical or clinical trials, or future products in our targeted corporate objectives; our future operating results are uncertain and likely to fluctuate; we may not be able to raise additional capital; we may not be successful in establishing additional corporate collaborations or licensing arrangements; we may not be able to establish marketing and the costs of launching our products may be greater than anticipated; we have no experience in commercial manufacturing; we may face unknown risks related to intellectual property matters; we face increased competition from pharmaceutical and biotechnology companies; and other factors as described in detail in our filings with the Canadian securities regulatory authorities at www.sedar.com . Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements and information, which are qualified in their entirety by this cautionary statement. All forward-looking statements and information made herein are based on our current expectations and we undertake no obligation to revise or update such forward- looking statements and information to reflect subsequent events or circumstances, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts

Bioasis Technologies Inc.
Catherine London, +1 917-763-2709
Catherine@bioasis.us
or
Graeme Dick, +1 403-561-8989
Graeme@colwellcapital.com