Friday, October 25, 2002 12:26:05 PM
International BioChemical Industries, Inc. (IBCI) Signs DistributionContract With Arrow Engineering Inc. for the Carpet Industry
ATLANTA, Oct 25, 2002 /PRNewswire-FirstCall via COMTEX/ -- International BioChemical Industries, Inc. (OTC Bulletin Board: IBCL) announced the signing of a distribution agreement with Arrow Engineering Inc. under its revised distribution model. Under the new format of the distribution model, there are performance criteria that are required to be met. The program is based on a working relationship between the two companies to meet the objectives of both IBCI and Arrow Engineering Inc. Arrow will provide IBCI status reports and plans on a regular basis, including projected volumes by quarter as part of the new distribution program. IBCI, has in the past, put dollar criteria into contracts, which is not the standard for the specialty chemical industry. IBCI received orders within 48 hours of signing the distribution agreement as an indication that this program is based on the development of the carpet industry market together in a distributor/manufacturer relationship.
Ms. Deirdre Baker stated, "We are very excited about the opportunity to work closely with Arrow Engineering in support of the carpet industry. Arrow Engineering's knowledge of the industry and relationship with the top carpet manufacturers is the reason we entered into this agreement. We have spent the last few months developing our new program and the Company is now moving forward with this type of distribution agreement which will be typical with all distributor contracts."
About Arrow Engineering Inc.:
Arrow Engineering is a Dalton, Georgia-based specialty chemical manufacturer founded in 1970. Arrow focuses on technologically advanced chemicals for the textile industry. The company not only services the carpet industry but cotton, woolen, polyester and denim markets as well. Arrow Engineering Inc. is an industry leader in carpet protection technology which, for example, utilizes recycled materials in patented products such as ARROSHIELD. Arrow Engineering Inc. has received numerous patents and is continuously striving to provide technological breakthroughs to the textile industry. Arrow Engineering Inc. and its subsidiaries in the U.S. and Mexico service the entire world with cutting-edge technology and innovation.
Further information on Arrow Engineering Inc. and its extensive line of specialty chemicals may be available by e-mail to Arrow@vol.com or by calling Robert B. Collier or Todd Mull at 1-800-264-3725.
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 six 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 IBCI and its line of products can be found by visiting the firm's web site at www.bioshield.com , or by calling Deirdre Baker at 1-770-925-3653.
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 IBCI; 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. IBCI 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 IBCI.
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SOURCE International BioChemical Industries, Inc.
CONTACT: Deirdre Baker of International BioChemical Industries, Inc.,
1-770-925-3653
The best weapon against "fear" is "facts"!!
ATLANTA, Oct 25, 2002 /PRNewswire-FirstCall via COMTEX/ -- International BioChemical Industries, Inc. (OTC Bulletin Board: IBCL) announced the signing of a distribution agreement with Arrow Engineering Inc. under its revised distribution model. Under the new format of the distribution model, there are performance criteria that are required to be met. The program is based on a working relationship between the two companies to meet the objectives of both IBCI and Arrow Engineering Inc. Arrow will provide IBCI status reports and plans on a regular basis, including projected volumes by quarter as part of the new distribution program. IBCI, has in the past, put dollar criteria into contracts, which is not the standard for the specialty chemical industry. IBCI received orders within 48 hours of signing the distribution agreement as an indication that this program is based on the development of the carpet industry market together in a distributor/manufacturer relationship.
Ms. Deirdre Baker stated, "We are very excited about the opportunity to work closely with Arrow Engineering in support of the carpet industry. Arrow Engineering's knowledge of the industry and relationship with the top carpet manufacturers is the reason we entered into this agreement. We have spent the last few months developing our new program and the Company is now moving forward with this type of distribution agreement which will be typical with all distributor contracts."
About Arrow Engineering Inc.:
Arrow Engineering is a Dalton, Georgia-based specialty chemical manufacturer founded in 1970. Arrow focuses on technologically advanced chemicals for the textile industry. The company not only services the carpet industry but cotton, woolen, polyester and denim markets as well. Arrow Engineering Inc. is an industry leader in carpet protection technology which, for example, utilizes recycled materials in patented products such as ARROSHIELD. Arrow Engineering Inc. has received numerous patents and is continuously striving to provide technological breakthroughs to the textile industry. Arrow Engineering Inc. and its subsidiaries in the U.S. and Mexico service the entire world with cutting-edge technology and innovation.
Further information on Arrow Engineering Inc. and its extensive line of specialty chemicals may be available by e-mail to Arrow@vol.com or by calling Robert B. Collier or Todd Mull at 1-800-264-3725.
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 six 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 IBCI and its line of products can be found by visiting the firm's web site at www.bioshield.com , or by calling Deirdre Baker at 1-770-925-3653.
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 IBCI; 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. IBCI 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 IBCI.
Make Your Opinion Count - Click Here
tbutton.prnewswire.com/prn/11690X84212519
SOURCE International BioChemical Industries, Inc.
CONTACT: Deirdre Baker of International BioChemical Industries, Inc.,
1-770-925-3653
The best weapon against "fear" is "facts"!!
The best weapon against "fear" is "facts"!!
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