October 2, 2007

BioCollections Worldwide, Inc. (BCW) has applied for and received certification from the Small Business Administration for their 8(a) program and certification as a Small Disadvantaged Business. The 8(a) certification awarded in October 7th, 2007 is valid for three (3) years. "Being designated an SBA 8(a) company provides a small business with the opportunity to bid on a more level playing field for government contracts on both a state and federal level. The application process is intensive and takes anywhere from 6 months to 1 year to complete. The SBA requires documentation on company billing history, financial statements, employee qualifications, a valid business plan and a goal statement for how the certification will be used" said Sixto Pacheco. CCRC, President and CEO. Once the certification is awarded, there are still no guarantees that the company will be successful in receiving a government contract. Each request for proposal carries detailed requirements and specifications that must be met over and above those already required in the 8(a) program. However, certain government contracts are sometimes set aside for 8(a) competitors only. In that case, it reduces the pool of competitors to companies who are similar in size.

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