Biofarm, Inc. aims to acquire, operate and develop environmental contracting and consulting companies and related businesses. From inception until 1996, it was engaged in the environmental remediation business with emphasis upon the elimination of oil spill damages. On October 5, 1998, in connection with the acquisition of approximately 87% of the capital stock of Biofarm, S.A., the shareholders voted to change the name of the Company to Biofarm, Inc. Such acquisition was rescinded on October 31, 1999. All of Biofarms operating companies were disposed of or sold in prior years. The Company, having disposed of all its operations, may be fairly characterized as a non-operating shell corporation.