DOVE CANYON, Calif., April 21, 2005 (PRIMEZONE) -- BICO, Inc. (OTCBB:BIKO) today announced that it has retained the Investor Relations Network, a financial public relations partnership with offices in Southern California and New York City, to direct its investor relations and corporate communications programs.
BICO's business is focused on providing its customers -- primarily multi-family apartment owners, managers as well as residents -- with a full range of video web phones and other Internet appliances that offer fast, easy access to email, the Internet and video conferencing over standard phone lines and broadband connections. BICO President & CEO Richard Greenwood said the company wanted to begin sharing its future goals with investors at every level.
"To help in that effort," said Mr. Greenwood, "we have retained the Investor Relations Network to better position our company within the investment community. Its mission is to help raise BICO's visibility and valuation by communicating our company's unique value drivers to brokers, analysts and money managers worldwide."
"We are especially proud to be representing and working in partnership with a company like BICO, with its strong focus on expanded communications products and services," said Tom Gavin, president of the Investor Relations Network. "Our goal is to help the company reach out to investors at every level, and assist BICO in its efforts to become a recognized and fully valued security."
Founded in 1993, The Investor Relations Network provides communications advice and counsel to the senior managements of publicly traded and pre-IPO firms nationwide. It also acts as an introductory source for capital formation. As part of its contract with BICO, the Investor Relations Network has requested that a significant part of its compensation be in the form of restricted common stock.
BICO is both a distributor of Internet appliances and an advertising and content publisher, primarily focused on the multi-housing and hospitality industries. It delivers content and other fee-based services, including ISP, telephone services, video conferencing and e- commerce fulfillment directly to its appliances.
This news release may include comments that may be deemed to be forward-looking within the meaning of the safe harbor provisions of the U.S. Federal Securities Laws. These include, among other things, statements about expectations of future events, financings, revenues, sales of products or advertising, cash flow and performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to obtain necessary financing in time to meet contractual obligations, develop appropriate strategic alliances, raise working capital, successful development and implementation of technology, acceptance of the company's products and services, build a functional infrastructure of servers and other support equipment necessary to support the functionality of web phone deployment, and other such risks as the company may identify and discuss from time to time, including those risks disclosed in the company's current and future filings with the Securities and Exchange Commission. Accordingly, there is no certainty that the company's plans will be achieved.