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. BHA survived the merger and became a wholly-owned subsidiary of the Company. Swift Start Corp. changed its name to BioHiTech Global, Inc. immediately thereafter. Shares of the Company’s common stock are currently quoted on the OTC Market under the symbol “SWFR.”
BHA is a green technology company that provides an innovative data-driven solution for food waste removal. BHA is headquartered in Chestnut Ridge, NY, and will continue its business as a wholly-owned subsidiary of the Company. The Company’s management team consists of BHA’s management team and includes Chief Executive Officer Frank E. Celli, Chief Operating Officer Robert A. Joyce and Chief Technology Officer William M. Kratzer. The Company’s 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’s unique solution to food waste combines green technology with the power of big data. Its Eco-Safe Digester is an on-site aerobic digester that eliminates food waste by converting it into nutrient-neutral water or “grey-water” and transporting it through standard sewer lines. 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’s common stock. 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. It provides a leading sustainable method that allows businesses to move towards the prevention of waste altogether.
For more information, visit www.biohitech.com.