BioTech Medics, Inc. Signs Letter of Interest With LifeBionix, Inc. for $5 Million Cross-Marketing Licensing Agreement
02 November 2012 - 12:14AM
Marketwired
BioTech Medics, Inc. (PINKSHEETS: BMCS) announced that it has
signed a Letter of Interest for a $5 million U.S. cross-marketing
licensing contract for its patented SHBAN Alcohol Free Persistent
Hand & Body Sanitizer with LifeBionix, Inc. The final terms of
the agreement are expected to be disclosed before yearend. The
proposed agreement includes cash, dividends and ongoing royalties
over a five-year term commencing the end of the first quarter in
2013.
According to a just published GIA Research Report which mentions
BioTech Medics: "The US market for Hand Sanitizers is primarily
driven by continued rise in health awareness and increasing demand
for non-alcoholic products. Private label brands continue to
dominate the US Hand Sanitizers market. The US market for Hand
Sanitizers is projected to reach US$226.3 million by 2018. Abundant
resources and improving knowledge on Hand Care are presently
driving the market for new found Hand Sanitizers and Hand
Rubs."
SHBAN is superior to alcohol hand sanitizers because it is
non-flammable. Alcohol hand sanitizers are a Class I fire hazard.
Additionally, the Poison Control centers have reported over 22,000
children and adults with alcohol poisoning from ingesting alcohol
gels. SHBAN is a green product. SHBAN is non-poisonous (when used
as directed); yet powerful enough to kill most germs and inhibit
the flu viruses. Independent tests have shown SHBAN's active
ingredient inhibits the Swine H1N1 Influenza A and Avian H5N1
Influenza A viruses.
SHBAN's active ingredient is FDA approved as an antiseptic as
well as an antimicrobial solution. SHBAN's active ingredient is
persistent and has been clinically proven to last four hours unless
you sweat or wash it off. SHBAN is gentle on hands. SHBAN can be
used on a cotton swab in your nostrils. Studies have shown that 80%
of viruses are inhaled through the nostrils. SHBAN is available
online: www.shban.com.
Safe Harbor: Forward-Looking Statements This release contains
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995 (the "Act"). Such
statements are subject to certain risks and uncertainties; actual
results could differ materially from those expressed. The FDA has
not evaluated the SHBAN statements above. SHBAN is not intended to
diagnose, treat or cure any disease.
Contact: Tom Wood Sr. V.P. Sales Phone: 972-274-5533
BioTech Medics (PK) (USOTC:BMCS)
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