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Wednesday, 09/25/2002 10:13:53 AM

Wednesday, September 25, 2002 10:13:53 AM

Post# of 14671
BioShield Technologies, Inc. Changes Corporate Name to International



RELATED SYMBOLS: (BSTI)

ATLANTA, Sep 25, 2002 /PRNewswire-FirstCall via COMTEX/ -- BioShield
Technologies, Inc. (OTC Bulletin Board: BSTI) announces today that it received
unanimous approval from its Board of Directors to change its corporate name from
BioShield Technologies, Inc. to International BioChemical Industries, Inc. (IBC
Industries). The corporate name change is being made to help promote the new
direction of the company and reposition the company to better describe our
business focus and model. A new trading symbol for the company's common stock
has been applied for with the NASD and SEC and anticipates that we will receive
and announce the new symbol in the coming week.

Deirdre Baker, IBC Industries General Manager, stated, "This new corporate name
change hinges on a multitude of achievements that we've made as a company during
the past few months and helps us put forth the international focus and our broad
product line, under the BioShield trademark, in the biochemical industry.
International BioChemical Industries is a name that we're proud to put forth
towards our existing and potential clients and distributors and will further
help us to realign the company and complete the final stages of our corporate
branding and turnaround initiatives."

Tim Moses further commented, "This is the next step in transforming and
re-branding the company to the global biochemical market. The new corporate name
reinforces our mission of becoming a leading provider of biochemical products
and will further help the company differentiate itself from other companies
using the BioShield name. The past year has been very challenging and a great
learning experience and management is confident that these steps are necessary
to put some of our past distractions behind us and move forward in a more
focused manner. We're very thankful to all of our loyal shareholders who have
supported us and look forward to providing the rewards and benefits that can be
achieved by being patient during the company's turnaround."

About Bioshield Technologies, Inc./International BioChemical Industries,

Inc.:

International BioChemical Industries, 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 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/11690X39557518

SOURCE BioShield Technologies, Inc.


CONTACT: Deirdre Baker of BioShield Technologies, Inc., +1-770-925-3653

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

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

-0-


KEYWORD: Georgia
INDUSTRY KEYWORD: CHM
BIO
OTC

(Wall Street)




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