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fishypete

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fishypete

Re: None

Thursday, 05/30/2002 10:04:25 AM

Thursday, May 30, 2002 10:04:25 AM

Post# of 14671
BioShield Technologies, Inc. Confirms Potential Strategic



RELATED SYMBOLS: (BSTI)

ATLANTA, May 30, 2002 /PRNewswire-FirstCall via COMTEX/ -- BioShield
Technologies, Inc. (OTC Bulletin Board: BSTI) announced today that Aerus LLC
(formerly Electrolux LLC), a leading US supplier of homecare products, has
signed a letter of intent with BioShield Technologies, Inc. to form a Strategic
alliance/ Combination between the two companies which could include licensing by
Aerus of certain BioShield technology and equity investment up to $20 million.

Tim Moses, President and CEO of BioShield Technologies, Inc., stated, "This is
an exceptional opportunity for us and can add significant value to BioShield,
our patented and EPA approved line of products, and our loyal shareholders. We
are diligently working with Aerus (formerly Electrolux LLC), to determine the
best structure and to provide an equitable and opportunistic proposal for both
of our companies. We're very excited about the potential of this transaction and
we look forward to spending the next 120 days with Aerus' management in our due
diligence phase, focusing on the best possible outcome for both parties."

Joseph P. Urso, Chairman and CEO of Aerus LLC, offered his comments. "Aerus is
focused on providing healthy living solutions that help consumers take better
care of their families. The combination of BioShield's innovative technology and
our state-of-the-art floor care and air purification products offer exciting
possibilities. We, too, are committed to working with BioShield to determine the
most advantageous opportunities."

ABOUT BIOSHIELD

BioShield Technologies, Inc., is a Georgia-based biotechnology and antimicrobial
products company. Its core business is committed to the discovery, development,
marketing and sale of surface-modifying antimicrobial and biostatic products.
The company's antimicrobial technology is a revolutionary alternative to
conventional sanitizers, disinfectants, bleaches, biocides or preservatives.

To date BioShield has received three US patents and eight EPA registrations,
including the first U.S. germ killer and disinfectant against Salmonella
cholerasuis, Staphylococcus aureus and other microorganisms. The company has
developed several alliances in different industries, such as healthcare,
textiles and stormwater.

Further information on BioShield and its line of products can be found by
visiting the firm's web site at www.bioshield.com . Contact Timothy Moses
770-925-3653.

ABOUT AERUS LLC (formerly Electrolux):

The Electrolux(R) name has been synonymous with the best floor care products for
over seven decades. From that foundation, a new vision was built: Aerus(TM), a
company that is more than making homes cleaner, it's making lives better. By
broadening Electrolux' focus, Aerus will continue to offer its high-quality
floor care products, as well as innovative new products to deliver solutions
that today's consumers want and need. Healthy living solutions such as
state-of-the-art air and water purification are only part of Aerus' expanded
offering. Based in Dallas, Texas, the company's priorities remain the same:
quality products and personal service. For more information on Aerus and its
line of products, please visit the company website at www.aerusonline.com .
Contact Linda Padilla 214-378-4000.

Safe Harbor/Forward-looking Statements

Statements in this news release that are not historical are forward- looking
statements. These forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from those
anticipated in any forward-looking statements, all of which are difficult to
predict and many of which are beyond the control of the company, including areas
such as: developing technologies; dependence on collaborative partners; the
inherent complexity and uncertainty regarding the development of products;
early-stage development of BioShield; the result of research and development
efforts; future capital needs; uncertainty of additional funding; government
regulations; and other factors which are detailed in the company's periodic
reports and registration statements filed with the Securities and Exchange
Commission. BioShield does not undertake to revise or update any forward-looking
statement to reflect events or circumstances that may arise after the date
hereof. BioShield is a trademark of BioShield Technologies, Inc.


MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X12143611

SOURCE BioShield Technologies, Inc.


CONTACT: Timothy Moses of BioShield Technologies, Inc., +1-770-925-3653,
or Linda Padilla of Aerus LLC, +1-214-378-4000

URL: http://www.BioShield.com
http://www.prnewswire.com

Copyright (C) 2002 PR Newswire. All rights reserved.

-0-


KEYWORD: Georgia
Texas
INDUSTRY KEYWORD: BIO
CHM
ENV
OTC
HOU
SUBJECT CODE: JVN
LIC

(Wall Street)




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