NEWARK, N.J.--(BUSINESS WIRE)--BioNeutral Group, Inc. (OTCBB: BONU) a chemical technology-based Life Science company with novel combinational chemistry, announced today the signing of a letter of intent (“LOI”) to acquire 100% of Orient Arts Inc., a manufacturer of fibers, textiles and finished goods. Orient Arts Inc. and its affiliate companies have annual sales of over $10 million.
