BioHiTech Global, Inc., formerly known as Swift Start Corp., announced today that it completed a reverse merger on August 6, 2015 in which BioHiTech America, LLC was merged with and into a transitory acquisition subsidiary of Swift Start Corp. 聽BHA survived the merger and became a wholly-owned subsidiary of the Company. 聽Swift Start Corp. changed its name to BioHiTech Global, Inc. immediately thereafter. 聽Shares of the Company鈥檚 common stock are currently quoted on the OTC Market under the symbol 鈥淪WFR.鈥�
BHA is a green technology company that provides an innovative data-driven solution for food waste removal. 聽BHA is headquartered in Chestnut Ridge, NY, and will continue its business as a wholly-owned subsidiary of the Company. 聽The Company鈥檚 management team consists of BHA鈥檚 management team and includes Chief Executive Officer Frank E. Celli, Chief Operating Officer Robert A. Joyce and Chief Technology Officer William M. Kratzer. 聽The Company鈥檚 Board of Directors now consists of Mr. Celli as well as Harriet Hentges, Doug M. Van Oort, James D. Chambers and Robert A. Graham, Jr.
BHA鈥檚 unique solution to food waste combines green technology with the power of big data. 聽Its Eco-Safe Digester is an on-site aerobic digester that eliminates food waste by converting it into nutrient-neutral water or 鈥済rey-water鈥� and transporting it through standard sewer lines. 聽The BioHiTech Cloud, a reliable, manageable and secure reporting platform measures key metrics to optimize the food waste disposal process and help eliminate food waste from the start. The Company completed the reverse merger for 6,975,000 shares of the Company鈥檚 common stock. 聽Following the reverse merger, the Company had 7,500,000 shares of stock outstanding. BHA was a featured company in the exclusive Credit Suisse Private Innovation Circle event. 聽It provides a leading sustainable method that allows businesses to move towards the prevention of waste altogether.
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