BioPower Operations Corporation d/b/a as HyFi Corp., Announces that it Seeks New Auditors after SEC permanently shut down its auditor BF Borgers

Aventura, Florida, May 21, 2024 (GLOBE NEWSWIRE) -- BioPower Operations Corporation (OTC Pink: BOPO) d/b/a as HyFi Corp., today announced that it is reviewing new auditors. On May 3, 2024, the Securities and Exchange Commission (the “SEC”) announced that it had settled charges against BF Borgers CPA PC (“BF Borgers”). As part of the settlement, BF Borgers agreed to a permanent ban on appearing or practicing before the SEC. The SEC further reported that approximately 500 OTC companies had been defrauded by Borgers including Trump Media.

Although BioPower had prepared its Annual and Quarterly filings, Borgers tried to make the Company file amended filings charging the Company an additional six figures in order to sign the audit letter and sign off enabling the Company to file the required SEC filings, knowing that we would be delisted if we did not file. When the Company refused to pay this demand, Borgers tried to blame his request on the PCAOB, the body that governs what Auditors rules must be followed by auditors for public companies. Mr. Borgers refused to answer all phone calls from the Company but instead sent all of his demands through emails. The Company refused to pay this outrageous amount of money for a few days work even though we made the one-line change to our filings to get them ready to be filed as amended filings. Mr. Borgers, knowing we would be delisted, demanded money to sign off on amending our filings and would not speak to us.

The Company is reviewing new potential Auditors and after selecting an auditor, intends to file all necessary SEC reports and do whatever is necessary in order to commence trading again.

The Company has been very active over this last year as per our website: www.hyfi-corp.com and joint venture partner and licensee WPP Energy https://wppenergy.com/.

We intend to put out a Shareholder’s letter shortly to explain the activities of the Company and approximate future incomes from those activities.

About BioPower Operations Corporation/ HyFi Corp.

BioPower Operations Corporation (OTC Pink: BOPO) is focused on the implementation of sustainable projects and other projects consistent with the UN’s 17 SDG’s. HyFi’s core competency is project funding solutions, project technology deliverables and creating OEM, EPC and O&M relationships. HyFi also offers other consultancy services in the green energy, environmental and infrastructure market.