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US BioTec Begins Field Testing of Product to
Fight Asian Rust Disease in Soybean
GLEASON,
Tenn.--(BUSINESS WIRE)--June 7, 2005--US BioTec, Inc. an emerging player in the
rapidly growing bio-chemical sector of the multi-billion dollar agri-business
industry, today announced that through a joint venture with another biotech
research organization, it has developed a non-toxic / non-carcinogenic compound
that has produced positive laboratory results against pathogens similar to Asian
Soybean Rust (phakopsora pachyrhizi). The product, which US BioTec hopes to
bring to market in either this year or next, is projected to be marketed in a
new pathogen repellent product category.
Following the very promising results from the companies' in-depth laboratory
test, US BioTec will begin intensive field research of its all-natural Asian
Rust product. The first applications on soybeans will begin in Georgia this
week, with follow-up field tests being conducted in Tennessee in the coming
weeks, weather permitting. The threat to the soybean crop in America is
considered extremely severe, with confirmed cases of Asian Rust in multiple
states already this year.
"I feel confident our research
efforts will prevail to produce an effective bio-chemical product for use on
'Asian Rust'," predicts Jimmy Joyner CEO of US BioTec. "It is only a matter of
time until we find a combination of microbes, enzymes, etc. that will
effectively combat the Asian Rust pathogen, and I say this because even our
initial formulations have been fairly effective."
Asian Rust is a serious foliage
disease that has the potential to cause significant soybean yield losses.
Although Asian soybean rust was first reported in the Eastern Hemisphere in the
early 1900s, it only made its way to the United States in the past 15 years.
Cases of the disease have since been reported throughout the South as well as
far into the Northern soybean growing regions of the U.S. In areas where soybean
rust is established, crop losses can range from 10 percent to 80 percent.
All of US BioTec's products are
non-toxic, non-carcinogenic and bio-degradable alternatives to the toxic and
sometimes carcinogenic agrichemicals that have been widely used by farmers for
decades. The agrichemical market, which is measured in the tens of billions of
dollars annually, is controlled primarily by a handful of large multi-national
corporations such as DuPont (NYSE: DD), Syngenta (NYSE:SYT), Bayer (NYSE:BAY),
BASF (NYSE:BF), Dow Chemical (NYSE:DOW) and Monsanto (NYSE:MON).
US BioTec believes that it may
experience an unanticipated windfall because of the growing "Asian Rust" disease
problem. Combating this costly pathogen problem could generate huge additional
sales potential for USBO products for years to come. The USDA projects that
approximately 70 million acres of soybeans will be planted in the U.S. this
year, much of which will likely require treatment for Asian Rust.
"We are now beginning to ship our
first bio-chemical products to our customers for the 2005 growing season. We
anticipate solid sales this year and are quite confident that demand for these
and each new product line will continue to grow year after year as more and more
farmers realize that US BioTec's products may allow them to grow healthier
crops, and enhance their profits due to decreased chemical costs and increased
crop yields. The first real revenue from the products we're releasing now should
be reflected in the third and forth quarters of this year" says Jimmy Joyner CEO
of US BioTec, Inc. To learn more about US BioTec and its products, please visit
http://www.usbioteccorp.com.
US BioTec, Inc.:
Production of First Bio-chemical Products Set to Begin
LAS VEGAS--(BUSINESS WIRE)--March 8,
2005--
US BioTec, Inc. (OTCBB:USBO), an
emerging player in the rapidly growing bio-chemical sector of the multi-billion
dollar agri-business industry, today announced that it has completed renovation
of its new corporate offices in Gleason, Tennessee (Weakly County). USBO is also
finalizing negotiations for a formulation plant that should be in operation by
April 15th. The new corporate headquarters complex will host most of the growing
company's operations, including its executive offices, offices for TelStar
Logistics Corp. its wholly owned trucking subsidiary, and TelStar Funding Corp
(TLC) its wholly owned factoring company, the parent company's latest venture.
All of US BioTec's products are
non-toxic, non-carcinogenic and bio-degradable alternatives to the toxic and
sometimes carcinogenic agrichemicals that have been widely used by farmers for
decades. The agrichemical market, which is measured in the tens of billions of
dollars annually is controlled primarily by a handful of large multi-national
corporations such as DuPont (NYSE: DD), Bayer (NYSE: BAY), BASF (NYSE: BF), Dow
Chemical (NYSE: DOW) and Monsanto (NYSE: MON).
"We are finally nearing the point
that we have been working for since going public last year. We are close to
beginning production of our first eight or nine bio-chemical products for
agricultural clients in April. We expect to begin realizing immediate revenue
from these products as we begin delivering them to farmers in the Southeastern
U.S. within the next 60-90 days. US BioTec is quickly transitioning from
development stage to production phase" says Jimmy Joyner CEO of US BioTec, Inc.
"Over the past several months USBO
has also initiated the formation / acquisition of an over-the-road (OTR)
trucking company. USBO has facilitated the acquisition of Scorpion Logistics, an
OTR refrigerated trucking company into TelStar Logistics Corp. In doing so, TLC
has successfully secured the necessary DOT permits, attained Tennessee
registration and acquired an ultra-low fleet insurance program. USBO has hired
the past owner of Scorpion Logistics, Thomas Lynch to serve as President of the
TLC subsidiary. The Company has also received a verbal commitment from Dave
Edwards of Phoenix, AZ, who has over 15 years experience in trucking operations,
to act as its V.P. of Safety Compliance. In addition, Mr. Lynch has received
verbal commitments from 10 owner/operators willing to lease-on with TLC. With
these accomplishments we feel TLC is set to begin commercial hauling operations
in about three weeks," continues Joyner.
The basic premise behind USBO's
entry into the trucking market is that if USBO products are going to help
growers produce commodities, then TLC trucks could help growers haul their
commodities. USBO already has contacts with growers and a number of produce
brokers that can position TLC favorably with growers. In addition, TCL trucks
can also haul USBO products.
"On other fronts, our offices are
finished, the computers have been delivered, the intergraded accounting /
operations management system is being set up and our staff has already started
moving in. The Company's "US BioTec Products Corp" subsidiary will be running
the production facility. The primary production equipment is on the way and
production operations of our agricultural bio-chemical products should begin in
a matter of weeks. We anticipate product sales staring during the second quarter
of this year," concludes Joyner.
US BioTec has incorporated four
separate subsidiaries: US BioTec Products, Ag Services, Inc., TelStar Logistics,
and TelStar Funding Corp., which will all operate under the USBO parent
corporation. The company's US BioTec Products subsidiary is divided into three
separate biochemical divisions: Agriculture, Commercial and Retail. All of the
products being launched in 2005 will come from the Company's Agriculture
division. In 2006, US BioTec plans to launch the first lawn & garden products
from its Retail division. In 2007, the Company plans to begin offering products
from its Commercial division, which will be targeted for the commercial
landscaping, turf farm and golf course markets.
The Ag Services subsidiary is the
retail farm supply outlet and flagship outlet for the bio-chemical products. The
subsidiary's retail business is currently in full swing as the spring fertilizer
rush is starting.
TelStar Funding Corp. (TFC) will be
the factoring company that will finance the receivables from TelStar Logistics
Corp's trucking operations in order for TLC to pay its owner operators more
quickly than most other companies in the refrigerated transport industry. USBO
believes that the facet of quick pay creates another in-house profit center,
while providing TLC with an excellent driver recruitment tool.
About US BioTec
US BioTec was established to
profitably develop, manufacture, market and distribute bio-degradable, non-toxic
and non-carcinogenic products to agriculture, the commercial turf industry,
forestry, golf courses, professional landscapers, nurseries and mass market
retail lawn and garden markets. USBO is striving to be the U.S. market leader in
the expanding bio-chemical sector of the annual multi-billion dollar
agricultural chemical marketplace. The Company's products are designed to
rehabilitate soils, repel insects and increase crop (plant) yields through
environmentally friendly alternatives to toxic man-made pesticides and caustic
synthetic fertilizers. To learn more about US BioTec and its products, please
visit
www.usbioteccorp.com.
Press Release: US BioTec Moves Corporate Headquarters
to Gleason
LAS VEGAS, Jan. 18, 2005 (PRIMEZONE)
-- US BioTec, Inc., an emerging player in the rapidly growing bio-chemical
sector of the multi-billion dollar agri-business industry, today announced that
it has finalized a lease agreement to move its corporate offices to Gleason,
Tennessee (Weakly County). The Company is awaiting the evacuation of facilities
in nearby McKenzie, Tennessee (Carroll County), and is waiting to execute a
written agreement after reaching a verbal lease agreement. US BioTec has
actively sought the most advantageous locations for its new corporate
headquarters complex, as well as a location to house its manufacturing,
warehousing and trucking operations.
"US BioTec has been moving
strategically toward the execution of its business plan since going public last
year. Over the last few months, it has become obvious that if we grow as quickly
as projections indicate, we will outgrow our present facilities in the very near
future. This is why we began researching locations last year that offered US
BioTec the amenities and highway access it will need to be successful. These
include available office and functional manufacturing space with plenty of room
for expansion, raw land that can accommodate our future growth, a plentiful,
skilled workforce, easy access to major interstates, flexible lease terms, and a
favorable tax plan. We researched the most appealing sites in a very wide area
and have decided to locate the corporate offices for US BioTec and its trucking
subsidiary, Tel Star Corp. in Gleason, TN. The manufacturing/ warehouse/
trucking shop will be located close by in McKenzie. The present facilities will
afford us plenty of time to analyze the Company's needs and growth rate before
securing more permanent facilities in early 2006," says Jimmy Joyner, Chief
Executive Officer of US BioTec, Inc.
The executive team is already moving
into its new offices in Gleason, and the 16,000 square foot McKenzie facility is
scheduled to be available for the Company's renovation operations on February
1st. US BioTec's tentative schedule calls the manufacturing plant to be capable
of production by March 15, 2005.
These sites were chosen in part
because of their ease of access via 4-lane state highways to the interstate
highway system. The surrounding counties also offer a large, skilled workforce
and plenty of existing facilities, plus developable land at very competitive
prices, meaning that as US BioTec grows, it can easily do so without leaving the
area.
"With everything going on right now,
it was important to thoroughly analyze the short-term and permanent sites for US
BioTec's operations as soon as possible. Since early September, we have
researched the possibilities and decided that Weakly and Carroll Counties afford
us the opportunity to have everything we need to conduct business now, while
still being able to meet our growing needs well into the future. Now with the
facilities secured, we can concentrate on this year's launch of our initial line
of biotechnology products designed for agriculture," adds Joyner.
To enhance its overall credibility
and investor appeal, US BioTec has completed the initial audit of 6 quarters of
the 8 quarters required to file for fully reporting OTCBB status. The Company
has entered negotiations with an SEC certified CPA firm, and is financially
prepared to complete the certification of its 2-year audited financials.
US BioTec consists of three separate
biochemical divisions: Agriculture, Commercial and Retail. All of the products
being launched in 2005 will come from the Company's Agriculture division. In
2006, US BioTec plans to launch the first lawn & garden products from its Retail
division. The next year, the Company will begin offering products from its
Commercial division that will be targeted for the commercial landscaping, turf
farm and golf course markets.
All of the products produced by US
BioTec are non-toxic, non-carcinogenic and bio-degradable alternatives to the
toxic and sometimes carcinogenic agrichemicals that have been widely used by
farmers for decades. The agrichemical market, which is measured in the tens of
billions of dollars annually is controlled primarily by a handful of large
multi-national corporations such as DuPont (NYSE:DD),
Bayer (NYSE:BAY),
BASF (NYSE:BF),
Dow Chemical (NYSE:DOW)
and Monsanto (NYSE:MON).
US BioTec was established to
profitably develop, manufacture, market and distribute bio-degradable, non-toxic
and non-carcinogenic products to agriculture, the commercial turf industry,
forestry, golf courses, professional landscapers, nurseries and mass market
retail lawn and garden markets. USBO is striving to be the U.S. market leader in
the expanding bio-chemical sector of the annual multi-billion dollar
agricultural chemical marketplace. The Company's products are designed to
rehabilitate soils, repel insects and increase crop (plant) yields through
environmentally friendly alternatives to toxic man-made pesticides and caustic
synthetic fertilizers. To learn more about US BioTec and its products, please
visit
www.usbioteccorp.com.
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