GM Deirdre Baker Announces Reorganization to Support BioShield's
RELATED SYMBOLS: (AHTCQ)(BSTI)
ATLANTA, Sep 13, 2002 /PRNewswire-FirstCall via COMTEX/ -- BioShield Technologies, Inc. (OTC Bulletin Board: BSTI) announced today that they have reorganized the team to support overall cost reductions and operating expenses. Ms. Baker stated, "We are aligning our manpower requirements and reducing our operating expenses. The company now employs 5 fulltime employees and several consultants in the areas of product registration, microbiology and financials, and have changed to a distribution based model for our sales efforts which employs many sales personnel. During the past several months, we have implemented several cost cutting measures while increasing the efficiencies within the organization that provide us the operational foundation to operate on a much larger scale."
Ms. Baker stated, "I'm extremely proud to be a part of the BioShield team and especially thankful for the vote of confidence and opportunity to take on the role as General Manager of the Company. BioShield has reached a key phase of its corporate turnaround and we are making major strides in cleaning up our balance sheet, firming up new sales and contracts, bringing on new distribution partners, and putting some of the company's past distractions behind us, as evidenced by the recent win by Bioshield executives for the summary judgment against AHT Corporation. BioShield has an incredible foundation in its product, and one of our main objectives will be to significantly grow revenue, aggressively develop the commercial aspects of our business with our licensee and distribution partners, and build a growing base of long-term sustainable revenue as we penetrate new markets and gain new clients."
About Bioshield Technologies, Inc.:
BioShield Technologies, Inc., is a Norcross, Georgia-based emerging growth company focused in biotechnology and antimicrobial products. 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 primarily because it kills bacteria, including HIV, on contact and can remain active for extended time periods. 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 storm water.
Further information on BioShield and its line of products can be found by visiting the firm's web site at http://www.bioshield.com , or by calling 1-770-925-3653, Deirdre Baker.
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 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.
SOURCE BioShield Technologies, Inc.
CONTACT: Deirdre Baker of BioShield Technologies, Inc., 1-770-925-3653
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